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  • 🇫🇷 French Tech Updates — February 26, 2024. €123M in new funding for French companies.

🇫🇷 French Tech Updates — February 26, 2024. €123M in new funding for French companies.

What you need to know this week in France: New AI models, Cityscoot finds a buyer, and plenty of new startup funding

Author

James Saulsky
February 26, 2024

Welcome to French Tech Updates! Your weekly source of startup, VC, and tech news and insights. I’m James, a startup-obsessed American living in Paris.

An AI-heavy weekly update 🤖

This update is a little shorter than usual, but just as information-packed for your Monday commute. Last week was a big one for AI startups in France. Four out of seven startups that raised rounds of €1M plus explicitly mention AI as part of their core product.

We also saw the launch of a new large language model from open-source AI startup Mistral and plenty of excitement about the future of AI development in France.

For all French startup updates (AI and otherwise), let’s jump into this week’s update!

Things you see outside of Station F

What’s new this week in 🇫🇷

New Funding đź’¶

7 companies raised €123M in the last week in round sizes of €1M or more.

Webyn | €1M | AI/Marketing

Webyn, a 1-year-old startup using AI to generate multivariant tests and automatic improvements to web pages has raised €1M in seed funding. The young SaaS company markets itself as a CRO as a service.

Avatar Medical | €5M | AI/HealthTech

The French-American 3D imaging company has raised €5M in funding to continue developing their technology, which enhances real-time 3D medical images for improved patient outcomes.

IB2 | €8M | Industrial

IB2, a sustainable industrial technology startup raised €8M to continue reshaping the alumina industry with increased sustainability and less waste. Alumnia is a key ingredient in everything from semiconductors to dental crowns and medical implants.

Agriloops | €13M | FoodTech

With €13M in fresh funding, Rennes-based Agriloops—a sustainable aquaculture (shrimp farming) startup—will begin construction of a 1-hectare aquaponic farm in Brittany. Upon completion, it will be one of the largest in Europe.

AZmed | €15M | AI/HealthTech

AZmed has secured €15M from European and US investors to further develop its AI-based software which assists doctors in identifying anomalies from x-ray images.

Bioptimus | €35M | AI/BioTech

Paris-based Bioptimus, which specializes in applying AI models to biology, has closed a €35M seed funding round (yes you heard that right, a €35M seed funding round!). Bioptimus aims to enhance disease diagnosis and precision medicine and create new biomolecules.

Planity | €46M | SME SaaS

Planity, the “Doctolib for beauty salons” raised a €45M Series C round to expand their booking, staffing, and customer management software in France, Belgium, and Germany. With 40,000 small businesses already signed up, Planity is also exploring new customer segments in the fitness industry.

Events This Month đź—“

What Else I’m Reading 📚