L'Atout | €2M | Employee Benefits Management

Founded in 2023, L’Atout aims to modernize employee benefits management in France, including restaurant vouchers, holiday vouchers, and other underutilized perks. They recently announced new funding of €2M with support from Bpifrance and the Paris Region Venture Fund.

SteerLight | €3.2M | LiDAR

SteerLight, based in Grenoble, France, secured €3.2M, including €1.2M in loans, led by Stellantis Ventures. The startup aims to revolutionize LiDAR with silicon photonics and promises better performance, cost, and compactness for Industry 4.0 and autonomous vehicle applications.

RebrAIn | €3.7M | MedTech

Bordeaux-based RebrAIn closed a €3.7M seed round led by Karista. Their AI-powered SaaS platform aids neurosurgeons with deep brain stimulation surgeries and claims to improve patient outcomes in Parkinson's and Essential Tremor treatments.

Pelikan Mobility | €4M | Electric Vehicles

Pelikan Mobility, based in the UK and France, raised €4M in seed funding to optimize financing and operations of sustainable, commercial EV fleets. Their tech-enabled leasing solutions integrate EVs into existing fleet operations, aiming to extend asset longevity and maximize the productivity of EVs.

Inalve | €4.7M | FoodTech

Inalve, based in Nice, France, announced new funding of €4.7M to advance its microalgae cultivation technology. Founded in 2016, the company specializes in producing microalgae on biofilm, offering a more environmentally friendly approach compared to traditional methods.

Mindflow | €5M | AI/Cyber-Security

Paris-based Mindflow raised €5M to enhance its no-code SaaS automation platform for IT and cybersecurity teams. Their AI-enhanced software caters to large enterprises facing diverse threats and tool management challenges, aiming to free up IT teams' time by automating tasks through collaborative efforts between humans and AI agents. Mindflow already counts Colas, Thales, and Doctolib among their users.

Alpinov X | €10M | Industrial

Alpinov X, based in Grenoble, closed €10M in funding from Crédit Mutuel's Environmental and Solidarity Revolution fund to expand its water-based industrial cold production capacity. Alpinov X’s technology is designed to offer enhanced efficiency and sustainability in industrial cooling processes—contributing to environmental conservation efforts.

Cure51 | €15M | BioTech

Cure51 raised a €15M seed round to study exceptional cancer survivors— aiming to uncover insights for effective treatments. Partnering with top oncology centers, Cure51 analyzes molecular processes in outlier patients to enhance understanding of cancer progression.

Diabeloop | €15M | HealthTech

Grenoble-based Diabeloop announced €15M in new funding to advance diabetes management with AI-driven solutions. The funding fuels growth for personalized diabetes treatment, addressing a pressing healthcare need. While their product is intended for diabetics, this announcement also reminded me of Rex Woodbury’s recent post on trends to watch—one of which is glucose monitoring and health tracking even in healthy individuals. Diabeloop’s market may be larger than they even realize.

Greenly | €49M | Climate Tech

Greenly, headquartered in Paris, raised €49M in Series B funding to expand their carbon accounting platform—aiding SMEs and ETIs in the renewable energy transition. Founded in 2019, Greenly claims to accelerate corporate sustainability efforts by helping businesses measure and reduce their carbon footprint.