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- 🇫🇷 French Tech Updates — March 25, 2025. €78.5M in new funding for French companies.
🇫🇷 French Tech Updates — March 25, 2025. €78.5M in new funding for French companies.
What you need to know this week in France: 🧬 €165M biotech fund, 🤝 Pasqal partners with NVIDIA, 🏢 €100M for data center construction.

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.
What’s new this week in 🇫🇷
🧬 Sofinnova Partners closes on €165M biotech fund: Biovelocita II’s backers include large pharmaceutical companies like Amgen and Bristol Myers Squibb. In the last three years, Sofinnova has invested in 21 biotech companies—not including three investments already made from the new fund.
🇺🇸 Activ’Insider expands to the United States: The Bordeaux-based food-tech company which specializes in developing natural health ingredients and nutraceuticals (food-based products with health benefits), previously raised €4M earlier this year to support international expansion.
🤝 Pasqal partners with NVIDIA: The French quantum startup will integrate its neutral-atom quantum processors into NVIDIA’s CUDA-Q platform, enabling hybrid quantum-classical computing. Pasqal’s quantum computing also became available through Microsoft’s Azure cloud platform earlier this month.
🏢 Eurazeo to invest €100M in European data centers: Through its EZORE fund, the French investment firm has partnered with Metrobloks to acquire land and develop data centers in cities like Milan, Madrid, and Berlin.
🌍 Headlines from around the world
💸 Elon Musk’s xAI acquires Hotshot, an 8-year-old AI video generation company.
🤑 Google acquires cybersecurity startup Wiz for $32 billion in their largest acquisition to date.
🥊 Rippling and Deel clash in a spicy corporate espionage lawsuit
🤖 Perplexity wants to buy TikTok and open source its algorithm
🇮🇹 Il Foglio publishes the world’s first AI-generated newspaper
🇨🇳 Bank of China sets up $7 billion fund to support technology investments
☢️ Google, Amazon, Meta, and others signed a pledge to triple nuclear energy capacity by 2050
🇪🇸 Spain imposes fines on companies not labeling AI generated content
New Funding 💶
10 companies raised €78.5M in the last week
OpenStone | €2M | FinTech
Paris-based OpenStone raised €2 million in a seed round from British Alternative Fund, Vincent Taupin (founder of Boursorama and former CEO of Edmond de Rothschild), Agnès Bagne (Assistant Director BNP Paribas Banque Privée), and Gabriel Karaboulad (Head of Advisory at Neuflize OBC). OpenStone has created a platform dedicated to private equity investments.
Evera | €2M | EV Tech
Evera raised €2 million in a seed round from Baltis – Groupe Magellim, Newfund NAEH Innopy, MCapital, AstoryaVC, and business angel Eric Ibled. Evera provides electric vehicle leasing and subscription services for businesses, offering both new and reconditioned EVs. The company focuses on making fleet electrification more accessible by simplifying contracts and maintenance. The new funding will help expand its fleet and enter new markets.
Flagcat | €2.5M | Consumer
Flagcat raised €2.5 million in a seed round from Acurio Ventures, Seedcamp, Motier Ventures, The Players Fund, and Society of Entertainment. Flagcat is building a webtoon platform that supports creators with publishing tools and audience engagement features. The startup aims to adapt successful webtoons into other media formats, such as animation and books.
Valused | €4M | Cleantech
Paris-based Valused secured €4 million in a seed round from Arkea Capital and NCI. Valused refurbishes and resells used auto parts, providing a more sustainable alternative to new parts manufacturing. Its platform enables garages and car owners to source quality-tested refurbished components. The funding will be used to expand sourcing capabilities and distribution networks.
Aletiq | €6M | Data Management
Paris-based Aletiq raised €6 million in a Series A round from Point Nine, Entropy Industrial, Angel Invest, and business angels such as Carsten Thoma (Celonis), Emmanuel Martin-Chave (BlaBlaCar). Aletiq develops software that helps industrial companies manage complex product and engineering data. Its platform integrates with other systems to streamline workflows.
Siteflow | €7M | Nuclear Energy
Siteflow raised €7 million in a Series A round from LBO France (via its NewStone fund) and EDF Pulse Ventures. Siteflow provides digital workflow and compliance management solutions for nuclear power plants and industrial energy sites. Its software helps operators track maintenance, inspections, and regulatory requirements more efficiently. The funding will support expansion into other critical infrastructure industries.
SPRiNG | €10M | Sustainability
Spring raised €10 million in a Series A round from Aglaé Ventures, Ring Capital, Eutopia, and Circular Innovation Fund. Spring produces eco-friendly household cleaning products with biodegradable ingredients and plastic-free refill packaging. The company aims to reduce single-use plastics in consumer products by offering concentrated formulas. The funding will help scale production and expand its retail presence.
Galam Robotics | €10M | Logistics
Villeneuve-la-Garenne-based Galam Robotics raised €10 million in a Series A round from SuperNova Invest (via CAIT fund, backed by Crédit Agricole), Bpifrance, and Polytechnique Ventures. Galam Robotics develops modular robotic systems to automate logistics and warehouse operations, particularly in tight storage spaces. Its flagship product, Tak-One, improves efficiency by dynamically adapting to space constraints. The investment will accelerate product deployment and market expansion.
Extracadabra | €15M | HR Tech
Extracadabra raised €15 million through a buyout of historic shareholders BPI France Tourisme, SIDE CAPITAL, and SOWEFUND, with investment from Actual Ventures. Extracadabra connects businesses in hospitality, retail, and logistics with short-term and permanent workers. The platform aims to reduce time-to-hire by matching employers with vetted professionals.
Dalma | €20M | Insurtech
Paris-based Dalma secured €20 million in a Series B round from investors including Breega, Northzone, Anterra Capital, and Bpifrance Digital Venture. Dalma provides pet insurance for dogs and cats, covering medical expenses with fast reimbursements. The company also offers telemedicine consultations and preventative care services. The funding will support its European expansion and product development.
Upcoming Events 🗓
French Tech Leaders EP8: C-level Breakfast with François Véron – March 25
Paris AI Society Afterwork – March 26
Techstars Paris Climate Coffee – March 27
Startup Meetup Gemini 2.0 – March 27
Founders Running Club Paris – March 29
Web 3.0 Community Meetup – April 10
Mistral AI Robotics Hackathon – April 11-13
Interesting Jobs 👩💻
What Else I’m Reading 📚
Obsessive One-Liners (Jeff Becker)
2025 European Deep Tech Report (Lake Star)
The Trump Administration Accidentally Texted Me Its War Plans (The Atlantic)
How Torsten Slok Solved the ‘Sherlock Holmes Mystery’ of the Economy (Bloomberg)
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