Hodor | €500K | 🤖 AI

Paris-based Hodor raised €500K and joined Hexa's Sprint program. The company is building the identity and policy layer for AI agents to provide a permissions firewall that controls exactly what each agent can touch, at what rate, and with whose authorization. Hodor is addressing the issues that arise when companies are plugging agents into billing, CRM, and ops with almost no governance. The category founders Karim Boussetta and Timothé Husson Bromberg are going after doesn't have a clear winner yet, which makes Hodor a promising early-stage bet to keep an eye on.

Ilion Water Technologies | €2.5M | 🌡️ Climate Tech

Spun out of ENS labs in early 2025, Paris-based Ilion Water Technologies raised €2.5 million in a seed round from Demea Sustainable Investment, Critical Path Ventures, Bpifrance, the Île-de-France region, CNRS Innovation, PSL University, and the European Research Council plus €1.3 million of non-dilutive financing. The startup uses nanofluidics to desalinate seawater at atmospheric pressure, sidestepping the energy-intensive high-pressure systems that make conventional desalination expensive and carbon-heavy. The round goes toward prototypes and first industrial pilots to tackle water scarcity issues which affect about 40% of the world's population.

Aerix Systems | €5M | 🚁 Drone Tech

Mérignac-based Aerix Systems raised €5 million in a first institutional round led by Odyssée Venture to launch the industrial pre-series of its omnidirectional aerial robots. Unlike conventional drones that maneuver by tilting, Aerix's propulsion system lets it move in any direction independently of orientation for an advantage in inspecting confined industrial spaces where a standard drone would crash into its own flight path. Now part of the NATO DIANA 2026 cohort, with a Bordeaux-area manufacturing site targeting ~100 units per month as the company transitions from prototype to product.

Lemrock | €6M | 🤖 AI

Paris-based Lemrock raised €6 million in a seed round led by Galion.exe, with Jean-Baptiste Rudelle (Criteo co-founder) joining the board alongside angels including Michaël Benabou (Veepee) and an alumnus from Alan. Lemrock aims to connect brand catalogs directly to AI to handle pricing, inventory, and transitions as commerce shifts to agentic and AI-driven buying. You can think of them like the ad network layer for the agentic web.

Living Models | €6M | 🤖 AI

Paris and Berkeley-based Living Models raised €6 million ($7 million) in a seed round to build genomic foundation models for biology, emerging from stealth after operating as ".omics." The company's first model, BOTANIC, was trained on DNA, RNA, and multi-omics data from 43 plant species and is designed to help crop scientists identify the most relevant genetic variants computationally before ever touching a field.

Qevlar AI | €26M | 🔐 Cybersecurity

Qevlar AI raised a new €26 million Series A ($30 million) led by Partech and Forgepoint Capital with EQT Ventures also participating. The round comes less than one year after raising a $10 million Seed. Qevlar AI builds an AI-native SOC platform that investigates security alerts end-to-end rather than routing them into an analyst's backlog. Customers like Mercedes-Benz, Sodexo, and Orange Cyberdefense report reductions in investigation times from hours down to three minutes thanks to using Qevlar AI’s tech.

Santexpat | €26M | 📜 Insurtech

Santexpat raised €26 million in a round backed by family office Accurafy4 with historical partners Malakoff Humanis and Swiss Life both reinforcing their stakes. The company runs a health insurance comparison and brokerage platform for 1.7 million French expats—the product people reach for the moment they realize their carte vitale doesn't work in Dubai for example. Santexpat is using the round to go on a buying spree and to plant flags in the US and Middle East with the acquisition of Crystal Mobility and a majority stake in US broker AgoraExpat.

Waiv | €28.8M | 🧬 Biotech

Paris-based Waiv raised €28.8 million ($33 million) in a seed round co-led by OTB Ventures and Alpha Intelligence Capital, with Serena Data Ventures, Karista, and SistaFund participating. The company, which spun-out of the New York-based AI Biotech company Owkin, analyzes digital pathology slides using AI. Their technology helps oncologists, labs, and drug developers detect biomarkers and predict treatment response from routine tissue samples that already exist in hospital’s ways of working. Rather than requiring new tests or equipment, Waiv extracts precision oncology signals from the types of scans doctors are already ordering for their patients.

Jimmy | €40M | ☢️ Nuclear Energy

Jimmy raised €40 million in private equity funding led by Crédit Mutuel Impact with Ademe Investissement and Serena. The blended round totals €80 million with the remaining €40 million comes in public support after the company was named a Phase 2 France 2030 winner for "innovative nuclear reactors." Jimmy designs molten salt reactor (MSR) micro-reactors that supply decarbonized industrial heat directly to factory sites. Essentially, the company is replacing the typical gas boiler at a cement plant or chemical facility with a compact nuclear generator. Their first reactor production is slated for 2027 with building permits secured for a 12-hectare platform in Le Creusot.

Alan | €100M | 🏥 HealthTech

Paris-based Alan raised €100 million in a Series F round that values the 10-year-old company’s at €5 billion. The round was led by Index Ventures with new investors Greenoaks, Kaaf, and SH joining angels Tobi Lütke (Shopify) and Antoine Griezmann (soccer player). Alan sells health insurance directly to employers and freelancers and wraps the experience in an app that handles claims, teleconsultation, and wellness across France, Belgium, Spain, and Canada. With €785 million ARR (up 53% last year) and 1 million policyholders Alan is now targeting €1.16 billion in ARR by year-end before starting to focus on profitability.

Advanced Machine Intelligence | €895M | 🤖 AI

Paris-based AMI Labs raised €895 million ($1.03 billion) in what is officially Europe's largest-ever seed round. The company, founded just four months ago by Yann LeCun, the former Meta AI chief, and Alexandre LeBrun, the former CEO of Nabla, is building "world models.” These novel models, which create AI that learns how the physical world works by watching video and movement, are a direct alternative to the LLM paradigm. LeCun has spent years arguing the entire industry is building AI wrong, and now he has $1 billion to prove it and a $3.5 billion pre-money valuation to live up to. The round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions with Nvidia, Temasek, Daphni, and SBVA also in the syndicate, plus individual bets from Xavier Niel, Eric Schmidt, Mark Cuban, and Tim Berners-Lee.