What: Zama, an open-source cryptography company building state-of-the-art Fully Homomorphic Encryption (FHE) solutions. An advanced form of encryption that allows computations to be performed directly on encrypted data without requiring decryption, thereby preserving the privacy and security of the data.
Why: To protect privacy in blockchain and AI.
Funding: €62.3 million
Who: Co-Founders CEO Rand Hindi and CTO Pascal Paillier
Investors: Multicoin Capital, Protocol Labs, Metaplanet, Blockchange Ventures, VSquared, Stake Capital & blockchain pioneers such as Juan Benet (Filecoin), Anatoly Yakovenko (Filecoin), Gavin Wood (Ethereum & Polkadot).
What's Next: After 4 years of R&D, this large Series A fundraising will be used to fuel Zama's go-to-market and accelerate its business development.
What: Greenly, a carbon accounting platform for businesses, in particular SMBs.
Why: To provide businesses of all sizes and sectors with the necessary tools and insights for effective carbon footprint management.
Funding: €49 million
Who: Co-Founders Alexis Normand, Arnaud Delubac, Matthieu Vegreville
Investors: Fidelity International Strategic Ventures, Benhamou Global Ventures, Move Capital, XAnge, Impact Partners.
What's Next: The cash will be used to propel Greenly's expansion plans, enabling it to extend its global reach and enhance its suite of carbon management tools.
What: Lago, an open-source metering & usage-based billing solution.
Why: To help businesses manage complex billing processes by building a flexible billing system tailored to their specific business model thereby helping them improve the efficiency of their monetization strategy.
Funding : €22 million
Who: Anh-Tho Chuong & Raffi Sarkissian
Investors: FirstMark, SignalFire, Lee Fixel’s Addition, New Wave, Script, Y Combinator & various business angels such as Meghan Gill (MongoDB) & Clément Delangue (Hugging Face).
What's next: The new funding will enable Lago to double down on R&D and expand the services offered by the platform.
What: Diabeloop, a creator of AI therapeutic solutions for diabetes management that allow automated and personalized management of type 1 diabetes by analyzing real-time data and automatically delivering insulin through compatible insulin pumps
Why: To simplify the therapeutic decisions of diabetes patients, improve their glycemic control, and significantly reduce the associated mental burden of managing the disease.
Funding: € 15 million
Who: Co-Founders Erik Huneker & Guillaume Charpentier
Investors: LBO France, Terumo Corporation, Innovacom, CERITD, CEMAG invest, Kreaxi, Supernova Invest, AGIR A DOM, Crédit Agricole, Odyssée Venture, UI Investissement, Promontoires
What's Next: The top-up cash, which follows a 2022 €70 million fundraise, will be used to accelerate its next stages of growth and help the company partner with Insulin pump manufacturers across Europe.
What: Sublime Energie, a Deeptech company that collects biogas from farms, purifies, liquifies, and packages it with the aim of delivering it to consumers, often other farmers.
Why: To enable agricultural operations to valorize the biogas produced through methanization while creating a new local supply chain for bio-CNG (Compressed Natural Gas) and bio-CO2/
Funding : €11.5 million
Who: Founder Bruno Adhémar
Investors: Crédit Mutuel Impact, Mines Paris
What's next: The fundraising will be used to attract new talents, install a demonstrator capable of producing low-carbon fuel by 2025, and develop the first network for collecting biogas.
What: Bene Bono, a sustainable grocery delivery service platform for organic fruits and vegetables rejected by large retailers.
Why: To fight against food waste and enable consumers to consume more cheaply and responsibly.
Funding : €10 million
Who: Grégoire Carlier, Sven Ripoche, Claire Laurent
Investors: AXA Venture Partners, 2050, Stride VC, Project A
What's next: This new funding round will allow Bene Bono to strengthen its position as a major player in the fight against waste by recruiting new talents, increasing its range of saved products, fueling its Spanish expansion, developing new features, and reducing its environmental footprint by implementing reusable bags and delivery by electric vehicles and bicycles, amongst other things.
What: Alpinov X, a Deep Tech company that has developed cooling systems using a vacuum cooling process that uses water as a refrigerant fluid.
Why: To create a viable replacement for polluting fluorinated refrigerating gases that are set to be banned in 2030 and to improve system efficiency.
Funding: € 10 million
Who: Co-Founders Thomas Vinard & Jérôme Girard
Investors: Crédit Mutuel Impact
What's Next: The new cash will be used to accelerate its industrialization processes by financing a second production site in Isère thereby doubling the production capacity of its cooling systems.
What: Anozr Way, a cyber defense solution protecting for professionals.
Why: To protect corporate executives and their teams from "social engineering" cyberattacks such as phishing, identity theft, and deep fakes.
Funding: €6 million
Who: Co-Founders Alban Ondrejeck & Philippe Luc
Investors: Hi Inov-Dentressangle, UI Investissement, Breizh Up, BNP Paribas Développement
What's Next: The new cash will be used to speed up the company's international development and onboard 30 new talents this year.
What: Hawkcell, a patented plug-and-play MRI technology augmented for animals and veterinary use.
Why: To improve animal healthcare and enhance preclinical research.
Funding: €5 million
Who: Co-Founders Alexis Girin & Hugo Dorez
Investors: MIG Capital, Bpifrance
What's Next: The new cash will be used to accelerate its growth notably by recruiting new sales talents, strengthening its R&D, and opening a US office.
