Luniwave | €1M| Clean Tech

Luniwave, a startup focused on helping hotels transition to eco-friendly practices, has extended their funding round to €1 million from private investors and BpiFrance. The company is the creator of the Lunishower, a solution they claim reduces water consumption in hotels by 30%. Lunishower previously announced the first €450K of this round last month.

NRJx | €2M | Energy Management

NRJx has raised €2 million to further development of their software tool designed to track and reduce energy consumption in factories. Founded in 2023, the startup aims to help manufacturers cut energy waste (potentially by 15%) amid rising costs and stringent carbon regulations. This funding round, supported by Bpifrance and Ring Capital, will enable NRJx to expand its team and improve its analysis capabilities while targeting international markets like Italy and Spain.

Dessia | €3M | AI Automation

Paris-based Dessia Technologies, developers of an AI-driven software platform to automate engineering processes for companies like Renault and Boeing, has raised €3 million. The funding, led by Matterwave Ventures, Supernova Invest, and the Orano Venture Fund, will help Dessia expand internationally and hire additional team members.

Bluefins | €4M | Maritime Technology

Bluefins, a startup focused on decarbonizing shipping, has raised €4 million to advance its technology that mimics the movement of a whale's tail for propulsion. This funding will support the installation of their system on a 45-meter vessel for open-sea trials set to begin in February 2025. By reducing fuel consumption by 20%, Bluefins aims to help the maritime industry meet carbon neutrality targets by 2050. The funding round included investors like BNP Paribas Développement and the Breizh Up fund of Brittany.

Rivrs | €4M | Gaming

Rennes-based RIVRS, founded in 2021, has raised €4 million in a funding round led by Pléiade Venture. Specializing in user-generated content (UGC) video games, RIVRS develops games for platforms like Roblox, Fortnite, and Minecraft. The funding will support the company's growth and international expansion.

DinMo | €5M | Customer Data Platform

Paris-based DinMo, a 2-year-old startup which helps mid-market companies manage their customer data, has raised €5 million in funding to enhance their Composable Customer Data Platform (CDP). The funding, led by 468 Capital, will allow DinMo to expand its AI-powered features—such as product recommendations and churn prediction, enabling businesses to access advanced analytics previously limited to large enterprises.

Formality | €8M | Contract Management

Formality, a Parisian startup developing contract management solutions, has raised €8 million in seed funding led by Serena Capital and Partech with additional capital from Bpifrance. Founded in 2023, Formality’s platform centralizes and analyzes corporate contracts with an aim to help companies avoid costly mismanagement issues and expenses which can reach up to 9% of a company’s revenue.

La Vie | €25M | Alternative Meat

Paris-based La Vie, which specializes in plant-based pork alternatives (yum bacon!), has raised €25 million to accelerate product development and expand distribution in France and the UK. Founded in 2019, La Vie replicates animal fat using plant-based ingredients to create products like bacon and lardons.

Qovoltis | €45M | Electric Vehicle Charging

Qovoltis, which develops smart electric vehicle charging stations, has raised €45 million from investors including Andera Partners and Epopée Gestion. The startup plans to expand its network from 1,800 to 10,000 stations by 2026 while continuing R&D on its AI-powered technology—which aims to optimize charging during cheaper hours and allow for bidirectional energy flow.

Newcleo | €48M | Nuclear Energy

Newcleo, Europe’s best-funded nuclear startup, has raised an additional €48 million. This latest close brings their total funding to €135 million over the past 18 months as part of a €1 billion fundraising goal. Newcleo specializes in developing small modular reactors powered by reprocessed nuclear waste and aims to complete the first prototype reactor and fuel plant in France by the early 2030s. The company is also relocating its headquarters from London to Paris in a move first announced last year.

Lockall | €155M | Physical Storage

Paris-based Lockall, a storage solutions company, has raised €155 million from Starwood Capital Group to support further expansion in the Île-de-France region. Founded in 2020, Lockall provides flexible storage for individuals and businesses. The company also supports artisans with tailored workspaces and plans to grow its portfolio from five to 15 sites by 2026.

Poolside | €454.95M | Generative AI

Poolside AI, a US-based startup with a significant presence in France, raised €454.95 million ($500 million) in a Series B round led by Bain Capital Ventures, pushing its valuation to $3B. The company is developing a generative AI model to assist developers in writing software code and is gearing up to bring its product to market after a year of secretive development. As part of the announcement, Poolside also revealed that their model will be designed for highly-regulated industries like finance and defense with a focus on data privacy and adaptability for large enterprises.

*Note this funding is not included in the total for the week. In August, 2023 Poolside announced they would relocate their headquarters to France, but have since backtracked on that promise. While Poolside does operate a subsidiary in France, their HQ remains in the US.