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- 🇫🇷 French Tech Updates — June 30, 2025. €162M in new funding for French companies.
🇫🇷 French Tech Updates — June 30, 2025. €162M in new funding for French companies.
What you need to know this week in France: 💰 Tomcat is raising a new venture fund to back 30 startups in the next 5 years, 🏦 Revolut announces French CEO of Western Europe, 🗃️ a new Google data center will open in Châteauroux.

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.
That’s a wrap on June 👋
It’s hard to believe, but we’re nearly half way through 2025. The longest day of the year is now behind us and it seems like VCs have been using that extra daylight to get more deals done during this past month.
Granted, some of these deals were completed earlier in the year and just announced in June, but regardless of how you measure it, the €791M of funding announced in June was more than double the €315M announced in May.

From my experience covering the French tech ecosystem, the June funding bump is a fairly reliable trend year over year. Last year, Mistral’s €500M mega-round, the largest of the year, pushed the June 2024 total to over €800M.
One theory is that investors and founders scramble to close deals before the summer holiday slump kicks in—pulling forward funding from historically slower months in July and August.
While you can’t fight European summer, I do think there’s an opportunity here for ambitious founders and investors to buck this trend and capitalize on the wave of “🌴 OOO” statuses to break through the noise and get deals done—especially with investors outside of the Euro zone.
Then again, that just might be my American background kicking in.
And with that, let’s jump into this week’s update!
📝 Quiz: What % of La French Tech Next40/120 is classified as Fintech or Insurtech?
(answer at the bottom of the newsletter)
A.) 10%
B.) 18%
C.) 22%
D.) 37%
What’s new this week in 🇫🇷
💰Tomcat is raising €80-100M for 2nd fund: the investor plans to back 70 early-stage startups by 2030, with a focus on AI, fintech, impact, and the future of work. Building on its accelerator Tomcat Factory, the Paris-based firm emphasizes long-term operational support over short-term IRR targets, aiming to de-risk investments through hands-on involvement. The first closing is expected by year-end.
🗃️ Google plans for first massive data center in Châteauroux: the American tech giant is set to purchase 198 hectares of land near Châteauroux for €58 million with a massive server farm to follow. While the project promises local investment, critics point to high energy use and low job creation—France’s largest data center already consumes as much electricity as a town of 50,000.
🏦 Revolut reveals their new CEO of Western Europe: Revolut has appointed experienced BNP Paribas executive Béatrice Cossa-Dumurgier to lead its new Western Europe headquarters in Paris as it seeks approval for a French banking license. The move strengthens the neoban’s regulatory position in France, where it has committed to investing over €1 billion in the coming years.
🌍 Headlines from around the world
🍋🟩 Micro mobility provider Lime is preparing for an IPO (Reuters)
💵 US-based fintech Wealthfront has filed for an IPO (Yahoo Finance)
💔 Dating app Bumble will layoff 30% of its workforce (TechCrunch)
⚡️ Controversial founder Ryan Brewslow is back at the helm of Bolt and aims to raise $600M (Tech in Asia)
👨⚖️ Getty drops copyright claim against Stability AI but presses ahead with their UK lawsuit (TechCrunch)
💴 China’s central bank head pushes to expand the usage of digital yuan (InnovationAus)
😨 Brazil's top court votes to hold social media platforms accountable for user posts (Reuters)
🙅♂️ German state ditches Microsoft for open-source software (France 24)
🚗 Travis Kalanick reportedly wants to buy a Waymo rival, and Uber might help him (PitchBook)
New Funding 💶
14 companies raised €162M in the last week

Hydroclimat | €2M | 🌍 ClimateTech
Hydroclimat, based in Aubagne, raised €2 million in funding from Starquest’s Climate Change Resilience Fund and Région Sud Investissement. The company provides ultra-precise climate, flood, and water data to help businesses and governments assess and manage environmental risks.
Vipali | €2.5M | 🧑⚕️ Healthtech
Vipali raised €2.5 million from business angels in health, sports, and tech to expand its preventive healthcare platform. The company offers personalized digital and in-person programs to help individuals and employees adopt healthier habits before medical issues arise. The funds will support app development, new health center openings, and international partnerships.
Altertable | €2.5M | 💽 Enterprise Software
Paris-based Altertable raised a €2.5 million seed round led by 20VC with participation from Kima Ventures, Drysdale Ventures, and a group of business angels including co-founders and senior leaders at Pigment, Datadog, Sorare, and YC. Founded just a few months ago, Altertable is developing an AI-first data platform for businesses.
Oria Bioscience | €2.7M | 🧬 BioTech
Oria Bioscience, based in Paris, raised €2.7 million to help speed up drug development. The startup has built a new type of lab tool that extracts and preserves tiny parts of cells called organelles—structures that often malfunction in diseases like cancer and Alzheimer's. With this tool, pharmaceutical companies can test new drugs faster and more accurately than before.
GeodAlsics | €5M | 🧑⚕️Healthtech
Grenoble-based GeodAIsics raised €5 million in Series A funding from a group of medical professionals, including radiologists and biologists, to advance its explainable generative AI tools for personalized medicine. The startup’s platform uses multimodal data to build digital patient twins that support early diagnosis of diseases like Alzheimer’s, kidney failure, and cancer.
Qomon | €5.5M | 💡 Nonprofit Sofware
Paris and Washington DC based Qomon raised €5.5 million from Asterion Ventures, Ternel, and Good Only Ventures to help nonprofits and political groups coordinate volunteers, donors, and supporters more efficiently. Its platform replaces messy spreadsheets and CRMs with a simple tool for managing grassroots campaigns, events, and fundraising across geographies. The startup already supports 600 organizations in 60 countries.
Wilgo | €6M | 🎓 EdTech
Paris-based Wilgo raised €6 million in support of its gamified study app, which helps French middle and high school students prep for national exams. Already used by 50,000 students for the brevet, the startup aims to roll out personalized learning for all 11–18-year-olds and expand across Europe. Backers include Daphni, Founders Future, Kima, Sequoia, and several angel investors.
Le Drive Tout Nu | €7M | 🥖 Food & Beverages
Toulouse-based startup Le Drive Tout Nu raised ≈€7 million from BNP Paribas and Swen Capital Partners to expand its network of zero-waste drive-through grocery stores. The company plans to grow from 15 locations to 40 across France by 2027, offering a packaging-free shopping experience focused on sustainability.
DejaBlue | €7.2M | ⚡ EV Infrastructure
Paris-based DejaBlue raised €7.2 million in seed funding from Redalpine, Zeno Ventures, and Bpifrance to expand its energy optimization platform for EV charging and solar-powered sites. The startup helps commercial buildings and fleets reduce energy costs by automating when and how electricity is used, especially during peak demand or when renewables are most available.
PoliCloud | €7.5M | ☁️ Cloud Infrastructure
PoliCloud raised €7.5 million in seed funding led by Global Ventures to expand its distributed, eco-friendly cloud infrastructure. The startup builds sovereign, high-performance computing solutions for public and private sector clients, aiming to reduce dependence on US hyperscalers like AWS and Google.
EverDye | €15M | 👕 Sustainable Fashion
Paris-based EverDye, a creator of energy-efficient textile dyeing technology, raised €15 million in Series A round led by Crédit Mutuel Innovation and Daphni. The startup aims to reduce pollution and waste in the fashion industry by replacing traditional dyeing methods with a greener alternative.
Orus | €25M | 🛡️ InsurTech
Paris-based Orus raised €25 million in a Series B round led by Singular with participation from existing investors Notion Capital and Redstone to expand its digital insurance platform for small and medium-sized businesses across Europe. Already active in France and Spain, the company is now launching a broker-facing tool to streamline quoting and claims.
Melvan | €25M | ☀️ Renewable Energy
Melvan, based in Orléans, raised €25 million from Bpifrance, Crédit Agricole group investors, and OCCTE to expand its renewable energy projects across France. The company designs and operates solar and multi-tech energy plants and is developing a 2 GW project pipeline—enough to power 1.5+ million homes.
Zama | €49 | 🔗 Blockchain
Privacy-focused Zama raised €49 million ($57 million) in Series B funding from Pantera Capital and Blockchange Ventures to expand its homomorphic encryption platform for blockchain applications. The startup helps developers run smart contracts directly on encrypted data to enable confidential financial transactions to take place on public blockchains without revealing user information.
Upcoming Events 🗓
Paris AI Club: July – July 2
Open Doors: Immersion Product Design @ The Design Crew – July 2
French Tech Connect 2025 – July 3
Fintech Leaders Summer Drinks – July 3
RAISE Summit – July 8
Hacking Paris – July 11-13
Interesting Jobs 👩💻
What Else I’m Reading 📚
Before the Unicorn (Fintech Society)
97% of consumers are using AI for free (Semafor)
Graham Weaver, Building Alpine (Invest Like The Best)
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Quiz Answer: B.) 18%
With 22/120 companies, the category comes in at a little over 18% of the total 120 companies on the list.