Wobee | €1.2M | HR

Wobee, a digital HR platform launched in 2022, has raised €1.2M from JPA invest. The company, founded by serial entrepreneurs Geoffrey Chapuis and Romain Monget, aims to cover all parts of their customers’ hiring, employee engagement, and well-being needs.

SPART | €1.4M | HealthTech

The creators of a digital health experience which they claim improves the physical and mental well-being of employees and increases team cohesion have raised €1.4M. Finorpa led the round with additional funding coming from Centaurus president and SPART founder Jean-Bernard Falco. SPART last raised €1.7M from Bpifrance in 2022.

Drone Geofencing | €1.4M | Drones

Preparing a commercial drone flight requires extensive preparation to meet current regulations—including flight path shaping, weather condition tracking, and obtaining flight authorizations. Drone Geofencing, founded in 2019, creates software that aims to make the flight planning and fleet management process easier for its customers. Their recent €1.4M funding round was supported by Defense Angels, Les Business Angels des Grandes Écoles, and Melies Business Angels. Lundi Matin and Provence Business Angels also participated.

Madeinvote | €2.5M | MarTech

Originally a market research institute that used social surveys to help companies like BCG, Lidl, Heineken, and L'Oréal better understand their new customers, Madeinvote has raised €2.5M, including €600K of debt to expand their new market research software offering. Following the acquisition of Poll&Roll, a provider of automated market studies, earlier this year, Madeinvote began integrating their tools and plans to use these funds to add new features, like automatically generated presentations, and to build out their sales and marketing functions. GSO Innovation and Crédit Agricole Aquitaine Expansion (CAAE) led the round with additional participation from existing investors.

Pimento* | €3M | AI

Pimento*, a generative AI company whose software turns creative briefs into mood boards to help with brainstorming and ideation, closed a €3M seed round led by Partech and Cygni Capital. A group of Angel investors including Julien Chaumond (Hugging Face), Stanislas Polu (Dust), Thibaud Elzière (Hexa), Jean-Charles Samuelian (Alan) also participated. Co-founders Florent Facq and Tomás Yany founded Pimento* in 2022 and are currently residents at Station F’s startup campus in Paris.

Carbon Maps | €3M | ClimateTech

The Paris-based climate management platform for the food industry announced a €3M pre-seed extension round led by Samaipata and Breega, bringing the total raised to €7M. Carbon Maps’ SaaS platform aims to help customers account for and reduce their environmental footprints across carbon emissions, biodiversity, water consumption, and animal welfare.

Scienta Lab | €4M | BioTech

Scienta Lab has had a big Q4. After being recognized in Station F’s Future 40 ‘23 class in November they just closed a €4M round, their first, from CentraleSupélec Venture with additional support from several angel investors. The startup, founded in 2021, is using AI to model autoimmune and inflammatory diseases to enable personalized care options.

Tomorro | €11M | Contract Management

Toulouse-based Tomorro, the developer of a legal contract management platform, has raised an €11M Series A led by Resonance with participation from Financière Saint James, Motier Ventures, existing investor HenQ, and a group of angel investors. Formerly known as Leeway, the rebranded company will use the funds to focus on building out their suite of contract lifecycle management (CLM) tools.

CrpytoNext Security | €11M |

The creator of cybersecurity software designed to defend against quantum computing threats announced an €11M round this week led by AVP (AXA Venture Partners), Quantonation, and Auriga Cyber ​​Ventures. They plan to use the new capital to commercialize their post-quantum remediation solutions “C-Quantum Safe Remediation” and to fund international expansion.

ProvenRun | €15M | IoT Security

ProvenRun, a 14-year-old cyber security company, raised a €15M Series A led by Tikehau Capital with participation from The French Ministry of Defence’s Definvest fund, managed by Bpifrance. The company is currently developing security software to be used in connected vehicles and plans to use the funds to further their progress and expand into North America.

Actility | €15.94M | IoT

The 13-year-old industrial IoT management business, which offers customers ranging from construction companies to industrial campuses IoT connectivity, closed a €15.94M round of funding from Swisscom, Orange Ventures and Bosch Ventures with Cisco Investments, Eurazeo and Bpifrance also participating in the round. The funds will likely be used for additional strategic acquisitions and market expansion. Actility previously raised €70M in 2017.

Wakeo | €18M | Logistics

Wakeo, the operator of a supply-chain management platform offering real-time data on transportation flows closed an €18M round of funding led by Statkraft Ventures with participation from Techstars, Promus Ventures, 360 Capital, and 50 Partners. They plan to use the new funds to support international expansion and further their sustainability efforts to reduce the 17% of global emissions that currently come from the transportation of goods.

Eligo Bioscience | €27.7M | XTech

Microbiome gene-editing startup Eligo Bioscience has raised a €27.7M Series B round led by Sanofi Ventures with participation from Bpifrance and existing backers Khosla Ventures and Seventure Partners. Eligo Bioscience plans to use the funding to explore treatments for chronic diseases, including oncology, and to develop their flagship EB005 program, which will address severe acne vulgaris, a disease affecting around 3% of the population.

Neolithe | €60M | Industrial

Neolithe, a developer of accelerated fossilization technology that transforms industrial waste into construction-grade aggregates for concrete and roads, has raised €60M from Crédit Mutuel Impact’s Environmental and Solidarity Revolution fund, Tivoli Capital Investment, and RGreen Invest. Founded in 2019 by father-son duo William and Nicolas Cruaud, Neolithe plans to use the funds to expand its capacity and invest in R&D to explore processes to treat residual household waste.

mylight150 | €100M | XTech

Mylight150, the solar energy and smart consumption company founded by Ondine Suavet and her brother Virgile in 2014, has raised €100M from Eiffel Investment Group, Azora Capital, and Andera Partners, with the participation of historic investor Elevation Capital Partners. On a personal note, I had the pleasure of meeting Ondine, an INSEAD alumni, during the launch week for the 23D MBA class and I’m thrilled to see her and Virgile take this exciting next step to add more renewable energy to Europe’s electric grid.

Mistral AI | €450M | AI Foundation Models

Mistral, the 6-month-old startup creating open-source AI models that compete with the likes of ChatGPT is preparing to raise a massive €450M round that values the company at €2bn. US VC Andreessen Horowitz is set to contribute €200M to the deal with an additional €120M in funding coming from Salesforce and Nividia as convertible debt. In their last round of funding from June, the then-weeks-old company raised €105M at a €240M valuation led by Lightspeed Venture Partners.