OsmosX | €2m | Space

Rennes-based OsmosX has secured €2m from Expansion and Rymdkapital along with individual investors to develop its multi-use space tug. Founded in 2022, OsmosX aims to create spacecraft for last-mile delivery, orbital repositioning, refueling, space debris mitigation, and interplanetary transport. This funding will accelerate their R&D efforts with a demonstrator mission planned for 2025.

Veeton | €2m | Fashion

Paris-based Veeton, founded by alumni of École Polytechnique and HEC , has raised raised €2m in pre-seed funding from Founders Future, Armilar Venture Partners, and others. Veeton uses AI to generate fashion photo shoot visuals from simple garment images to reduce production costs.

Spiko | €4m | Blockchain

Paris-based Spiko has raised €4m in a pre-seed round round led by Frst, with participation from Blockwall, Kima, and others, to launch the world's first fully-licensed tokenized Money Market Funds (MMFs) on Ethereum and Polygon. These tokenized MMFs, recently approved by the French Financial Markets Authority, provide businesses and individuals access to USD and EUR risk-free rates while lowering the minimum investment threshold.

Kelvin | €4.7m | Computer Vision

The Paris-based startup has raised €4.7 million led by Racine² and Bpifrance. Kelvin uses AI and computer vision to streamline home energy efficiency audits by analyzing data from sources like satellite images to generate precise energy assessments. Kelvin aims to make these audit processes more accessible and cost-effective for workers and owners.

Mercateam | €5m | Human Resources

Founded in 2020, the Paris-based company has raised €5m to further the development of their SaaS platform which aims to enhance skills management for industrial workers. Mercateam is already used by over 200 customers and this latest funding will be used to support R&D and international expansion into Germany, England, and Spain.

Onafis | €6m | Food and Beverage

Nantes-based Onafis, which develops connected devices for monitoring the fermentation and aging of alcoholic beverages, has raised raised €6m from investors including Demeter, Atlantique Vendée Innovation, and Holnest. Known as the "alcohol electrocardiogram," their products help winegrowers, brewers, and distillers manage cellars, save energy, and detect microbiological risks.

Zeliq | €9.2m | Enterprise Software

Paris-based Zeliq has raised €9.2m in a seed round led by Exor Ventures, with support from Resonance VC, bringing total funding to $15.4m. Zeliq automates sales management by integrating various sales tools into a single platform. This funding will support Zeliq's expansion into the US and additional international growth.

YesWeHack | €26m | Cybersecurity

Based in Paris, bug bounty platform YesWeHack has raised €26m in a Series C round. YesWeHack operates a crowdsourced platform that connects vulnerability researchers with organizations to improve cybersecurity through bug bounty programs.

Adcytherix | €30m | Biotech

Marseille-based Adcytherix has come out of the gate swinging with €30m in seed funding led by Pontifax, alongside investors Pureos Bioventures, RA Capital Management, and Dawn Biopharma. The young startup, founded by the team behind Emergence Therapeutics, aims to develop next-generation antibody-drug conjugates (ADCs) for treating diseases like cancer.

Mistral AI | €468m | AI Models

Last week Mistral closed the biggest funding round of the year (so far) at a reported valuation of €5.8b with €468m in new equity financing and a total round size of €600m. The massive Series B round brings Mistral’s total funding to €1b—not bad for a 14-month-old company. Founded by former engineers from Google’s DeepMind and Meta, Mistral AI’s open source large language models are often presented as a European competitor to American juggernaut OpenAI. The new funding announcement comes just days after Mistral raised a warning that the EU needs more data centers and access to more diverse training data to keep up with the current demand for LLMs.