France Tech Investment Report: January 2021

TRACXN MONTHLY REPORT
JANUARY 2021
FRANCE TECH

France Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
France Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 9
Top Funded Business Models - last 1 year 11
New Analyst Picks 12
Acquisitions 15
Recent News 16

France Tech Snapshot – January 2021
France Tech: Snapshot – January 2021
Note : "Investors" refers to "Institutional Investors" only
3
$545M
22
Overall Geo Stats
16
6
73
28
32
Funding Rounds $ Invested Analyst Picks
iziwork Upgraded
to SOONICORN
New Investors
weareheartcore.com
gpm.fr
Series A+ rounds Active Investors IPOs Acquisitions
Glose#@
Ysance#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Paris
(15 Rounds, $345M)
Lyon
(2 Rounds, $48.5M)
Dijon
(2 Rounds, $8.3M)
Bordeaux
(2 Rounds, $2.4M)
$96.6M - Series C
Hype (2015, Paris, $96.6M)
$59.4M - Series B
Alma (2017, Neuilly-sur-seine, $77.3M)
$43M - Series B
iziwork (2018, Paris, $68M)
$43.0M - Series C
CorWave (2011, Paris, $60.1M)
Bpifrance
(9 Investments)
Kima Ventures
(4 Investments)
Caisse D Epargne
(3 Investments)
NewAlpha Asset
Management
(3 Investments)
Road Transport Tech
Hype
Electric Vehicles
RED Electric
Assistive Tech
Proteor
Finance & Accounting Tech
Indy
Market Size
Companies Covered 13,921
Funded Companies 5,338
Total Funding $31.3B
Funding in last 12 months $4.9B
Top Exits
IPOs 232
Acquisitions 967
Company Stage
Unicorns 7
Soonicorns 83
Minicorns 388
Editor Picks 1,688
Series A+ 1,529
Series C+ 326
Acqui-Hires 8
Deadpooled 1,102
Top Cities
Paris (2,426 Rounds, $18.1B)
Lyon (151 Rounds, $872M)
Top Investors
Bpifrance (308 Investments)
Kima Ventures (215 Investments)

Investment Snapshot
Investment Snapshot of France Tech as of January 2021
France Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2021)*
Hype
(2015, Paris, $96.6M)
$96.6M - Series C RGREEN INVEST
Alma
(2017, Neuilly-sur-seine, $77.3M)
$59.4M - Series B Cathay Innovation
iziwork
(2018, Paris, $68.0M)
$43.0M - Series B Cathay Innovation
CorWave
(2011, Paris, $60.1M)
$43.0M - Series C European Union
Indy
(2016, Lyon, $56.0M)
$42.4M - Series B Singular
Lovys
(2015, Paris, $24.2M)
$41.0M - Series A NewAlpha Asset Management
Shippeo
(2013, Paris, $71.0M)
$32.0M - Series C Battery Ventures
Vulog
(2006, Paris, $61.9M)
$31.5M - Series C Bpifrance
Volta Medical
(2016, Marseille, $30.6M)
$28.0M - Series B
Pennylane
(2020, Saint-germain-en-laye,
$23.4M)
$18.5M - Series A Partech Partners
Leocare
(2017, Paris, $22.2M)
$18.1M - Series A Felix Capital
*Shows only the lead Investors

List of Funding Rounds (1/4)
List of Funding Rounds in France Tech in January 2021
France Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$31.5M - Series C
Vulog (2006, Paris, $61.9M)
Tech-enabled solutions for shared mobility
European Investment Bank, Inven Capital, Bpifrance,
ETF Partners, Frog Capital
LATE STAGE
$32.0M - Series C
Shippeo (2013, Paris, $71.0M)
Road freight booking and management platform
Battery Ventures, Partech Partners, NGP Capital,
Bpifrance, ETF Partners
LATE STAGE
$43.0M - Series C
CorWave (2011, Paris, $60.1M)
Developer of an implantable blood pumps for the
treatment of heart failure
European Union, Financiere Arbevel, Ysios Capital,
Bpifrance, Seventure Partners, and 2 more
LATE STAGE
$96.6M - Series C
Hype (2015, Paris, $96.6M)
App-based ride-hailing services via hydrogen powered
taxi fleet
RGREEN INVEST, Mirova, Eiffel Investment Group,
Raise
LATE STAGE
Series C
eCential Robotics (2019, Gieres, $13.2M)
Provider of a medical imaging and surgical platform for
healthcare providers
Bpifrance, Sigma Gestion, BNP Paribas, Caisse D
Epargne, Credit Agricole
LATE STAGE
PE
Asobo Studio (2002, Bordeaux)
Game development studio
Sagard
EARLY STAGE
$3.6M - Series A
Tchek (2016, Marseille, $3.6M)
AI-driven inspection-related solution for auto-
workshops
Demeter, REGION SUD INVESTISSEMENT
EARLY STAGE
$6.1M - Series A
SiS-id (2016, Lyon, $6.1M)
Fraud detection solutions
Bpifrance, Opera Tech Ventures, Aonia
EARLY STAGE
$6.1M - Series A
Getfluence (2015, Toulouse, $6.1M)
Platform for connecting brands and influential sites

6
EARLY STAGE
$8.3M - Series A
Opencell (2015, Dijon, $10.9M)
Opensource billing and subscription management
solution provider
Seventure Partners, Alliance Entreprendre, Capital
Grand Est
EARLY STAGE
$9.1M - Series B
SESAMm (2014, Strasbourg, $17.2M)
Financial analysis of stock markets indexes using social
networks
NewAlpha Asset Management, The Carlyle Group,
Havenrock, Bpifrance, Banque Populaire, and 2 more
EARLY STAGE
$12.0M - Series A
RingOver (2010, Paris, $12.0M)
Cloud-based business phone telephony service
provider
Expedition
EARLY STAGE
$12.1M - Series B
RED Electric (2015, Nancy, $12.1M)
Developer of electric-scooters
EARLY STAGE
$17.0M - Series B
Chefclub (2016, Paris, $20.6M)
App-based platform publishing content focusing on
food and beverages
First Bridge Ventures, Korelya Capital, Groupe SEB,
Aglae Ventures
EARLY STAGE
$18.1M - Series A
Leocare (2017, Paris, $22.2M)
App-based P&C insurance platform for individuals
Felix Capital, Ventech, Daphni
EARLY STAGE
$18.5M - Series A
Pennylane (2020, Saint-germain-en-laye, $23.4M)
Tech-enabled accounting & bookkeeping services for
businesses
Partech Partners, Global Founders Capital, Kima
Ventures
EARLY STAGE
$20.5M - Series A
Lovys (2015, Paris, $24.2M)
, NewAlpha Asset Management, Raise Ventures, MAIF
Avenir, Portugal Ventures, and 1 more
EARLY STAGE
$20.5M - Series A
Lovys (2017, Paris, $24.7M)
Online P&C insurance platform for individuals
NewAlpha Asset Management, MAIF Avenir, Portugal
Ventures

7
EARLY STAGE
$28.0M - Series B
Volta Medical (2016, Marseille, $30.6M)
Developer AI-based software and assistance tools for
cardiac electrophysiologists
Gilde Healthcare,
EARLY STAGE
$42.4M - Series B
Indy (2016, Lyon, $56.0M)
Cloud-based accounting software for freelancers
Singular, Alven
EARLY STAGE
$43.0M - Series B
iziwork (2018, Paris, $68.0M)
Online job board for freelancers
Cathay Innovation, Bpifrance
EARLY STAGE
$59.4M - Series B
Alma (2017, Neuilly-sur-seine, $77.3M)
Online lending platform for purchase financing
Cathay Innovation, Seaya Ventures, Picus Capital,
Bpifrance, Idinvest Partners
SEED STAGE
$1.2M - Seed
Hey Axel (2018, Paris, $1.2M)
Employee onboarding management solution
BACS-Innov, Techstars, Olivier Verdin
SEED STAGE
$1.2M - Seed
HD Rain (2018, Paris, $1.2M)
Offering solutions for rain forecasting
Newfund, Kima Ventures
SEED STAGE
$1.5M - Seed
Blobr (2020, Paris, $1.5M)
Cloud-based API customization and monitoring
solutions
Seedcamp, , Kima Ventures
SEED STAGE
$1.6M - Seed
Kwit (2018, Strasbourg, $1.6M)
Provider of an app for managing smoking addiction
Kima Ventures, Alsace Business Angels, , Bpifrance,
Caisse D Epargne, and 1 more
SEED STAGE
$2.4M - Seed
Elwin (2020, Bordeaux, $2.4M)
Back-office solutions for financial advisers and brokers

8
SEED STAGE
$2.4M - Seed
Nextflow Software (2015, Nantes, $2.4M)
Provides CFD fluid simulation software for the
manufacturing industry
Go Capital
SEED STAGE
$7.0M - Seed
Kili (2018, Paris, $7.0M)
Provider of an annotation platform for ML models
E.ventures, Serena, Olivier Pomel, Nicolas Dessaigne,
Stanislas de Bentzmann, and 1 more
SEED STAGE
Seed
IZNES (2017, Paris)
Workflow management solutions for financial advisors
Generali, Groupe Apicil
SEED STAGE
Seed
NewGen Studio (2016, Roubaix)
Indie game development studio based in Tunisia
Maxula Gestion
SEED STAGE
Seed
Proteor (1913, Dijon)
Developer of prostheses and orthoses devices for
orthopedic supports
Ardian, BNP Paribas Developpement

New Investors (1/2)
List of New Investors in France Tech in January 2021
France Tech: List of New Investors
9
Investor Company Info Round Amount Round Name
weareheartcore.com
1 portfolio companies | Heartcore - We are Heartcore
Lovys
$20.52M Series A
gpm.fr
1 portfolio companies | Mutual health insurance firm
Volta Medical
Developer AI-based software and assistance tools for cardiac
electrophysiologists
$28.00M Series B
Generali
7 portfolio companies | Insurance company
IZNES
Undisclosed Seed
Raise Ventures
1 portfolio companies | Sector agnostic startup accelerator
Lovys
$20.52M Series A
Novoseeds
5 portfolio companies | Produces and markets hybrid seeds
CorWave
Developer of an implantable blood pumps for the treatment of heart
failure
$42.97M Series C
newwave.vc
1 portfolio companies | New Wave
Blobr
Cloud-based API customization and monitoring solutions
$1.46M Seed
Aonia
1 portfolio companies | Aonia Ventures | Make the impossible possible
SiS-id
$6.06M Series A
Expedition
Expedition Growth Capital
RingOver
Cloud-based business phone telephony service provider
$12.00M Series A
Singular
4 portfolio companies | Limited information available
Indy
$42.40M Series B
Maxula Gestion
2 portfolio companies | Bienvenue sur Maxula Gestion | Maxula Gestion
NewGen Studio
Indie game development studio based in Tunisia
Undisclosed Seed

New Investors (2/2)
List of New Investors in France Tech in January 2021
France Tech: List of New Investors
10
Investor Company Info Round Amount Round Name
Seaya Ventures
37 portfolio companies | Early & growth -stage tech-focused VC firm investing
primarily in Spain
Alma
$59.40M Series B
First Bridge Ventures
1 portfolio companies | Venture capital firm investing in tech startups
Chefclub
App-based platform publishing content focusing on food and beverages
$17.00M Series B
RGREEN INVEST
1 portfolio companies | Infrastructure fund focused on energy investments
Hype
App-based ride-hailing services via hydrogen powered taxi fleet
$96.58M Series C
Opera Tech Ventures
6 portfolio companies | VC fund focused on the financial industry
SiS-id
$6.06M Series A
wai.bnpparibas
1 portfolio companies | WAI, We Are Innovation by BNP Paribas
Kwit
$1.57M Seed
Yeast
3 portfolio companies | Yeast, réseau de business angels du Grand Est - Yeast
Kwit
$1.57M Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
11
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲26 Shopping Cart solutions for B2B E-Commerce $300M 1 Mirakl | $300M | Series D
2 ▲26 Marketplace Shopping Cart $300M 1 Mirakl | $300M | Series D
3 -- Managed CoLiving $201M 1 Colonies | $201M | Series B
4 -- Marketing Analytics $190M 1 ContentSquare | $190M | Series D
5 ▲210 MarketingTech > Suite > SMB $164M 2 Sendinblue | $164M | Series B
6 ▲3 Satellite based IoT Connectivity $111M 1 Kineis | $111M | Series D
7 -- Data Science Platforms $100M 2 Dataiku | $100M | Series D
8 -- Business Intelligence Platforms $100M 1 Dataiku | $100M | Series D
9 -- Data Science Platforms $100M 1 Dataiku | $100M | Series D
10 -- Electric Vehicle Ride Hailing $96.6M 1 Hype | $96.6M | Series C

New Analyst Picks (1/3)
Interesting Companies identified by Analysts in France Tech in January 2021
France Tech: Analyst Picks
12
Upgraded to SOONICORN
iziwork (2018, Paris, $43.0M, Series B)
Online job board for freelancers
Cathay Innovation, Global Founders Capital, Rocket
Internet and 1 other Investors
CorWave (2011, Paris, $43.0M, Series C)
Developer of an implantable blood pumps for the
treatment of heart failure
Bpifrance, MD Start, Bpifrance and 8 other Investors
Alma (2017, Neuilly-sur-seine, $14.2M, Series A)
Idinvest Partners, Bpifrance, Financière Saint James
and 6 other Investors
Hype (2015, Paris, $96.6M, Series C)
App-based ride-hailing services via hydrogen powered
taxi fleet
RGREEN INVEST, Mirova, Raise and 1 other Investors
Indy (2016, Lyon, $42.4M, Series B)
Alven,Singularand
Upgraded to MINICORN
TagPay (2005, Rocquencourt, $1.0M, Seed)
Digital wallet for consumer and business payments
Societe Generale, Long Arc Capital, Phitrust Partenaires
and 1 other Investors
Lovys (2015, Paris, $20.5M, Series A)
, MAIF Avenir, Portugal Ventures and 3 other Investors
Tchek (2016, Marseille, $3.6M, Series A)
AI-driven inspection-related solution for auto-
workshops
Demeter,Zebox,REGION SUD INVESTISSEMENTand
Chefclub (2016, Paris, $17.0M, Series B)
App-based platform publishing content focusing on
food and beverages
Groupe SEB, First Bridge Ventures, Kima Ventures and
6 other Investors

13
Kili (2018, Paris, $7.0M, Seed)
Provider of an annotation platform for ML models
Olivier Pomel, E.ventures, Nicolas Dessaigne and 3
other Investors
SiS-id (2016, Lyon, $6.1M, Series A)
Opera Tech Ventures,Bpifrance,Aoniaand
Getfluence (2015, Toulouse, $6.1M, Series A)
Platform for connecting brands and influential sites
WeSprintand
RED Electric (2015, Nancy, $12.1M, Series B)
Developer of electric-scooters
Added to Editor's Pick
Kwit (2018, Strasbourg, $1.6M, Seed)
Alsace Business Angels, Kima Ventures, and 3 other
Investors
Proteor (1913, Dijon, Undisclosed, Seed)
Developer of prostheses and orthoses devices for
orthopedic supports
BNP Paribas Developpement,Ardianand
park4night (2011, Bourg-les-valence, Unfunded)
App-based community for RV enthusiasts
OUI.sncf (2000, Paris, Unfunded)
App-based platform to book multiple travel services
IZNES (2017, Paris, Undisclosed, Seed)
Groupe Apicil,Generaliand
Nextflow Software (2015, Nantes, $1.2M,
Conventional Debt)
Provides CFD fluid simulation software for the
manufacturing industry
Go Capitaland
Blobr (2020, Paris, $1.5M, Seed)
Cloud-based API customization and monitoring
solutions
,Seedcamp,Kima Venturesand
VotreAppli.fr (2016, Montpellier, Unfunded)
Mobile-based application for suite solutions

14
Nyctale (2018, Paris, $1.1M, Seed)
Blockchain-based analytical & data science tools for
cryptocurrencies
Outlier Ventures,Bpifranceand
EvidenceB (2017, Paris, $2.2M, Seed)
Online platform providing adaptive learning solutions
LITA,Finorpaand
AUCAE (2019, Toulouse, Unfunded)
Training for incident and crisis response solutions
Nubboand
AESTIAM (1964, Paris, Unfunded)
Alternative investment platform focused on real estate
projects
BlackFin Capital Partnersand
Ninja Cookie (2020, Unfunded)
Solutions for the removal of cloud cookies
Mapatho (2018, Grand-couronne, Unfunded)
Provider of caregiver listing and teleconsultation
platform
Normandie Incubationand
SPIX (2019, Labege, Unfunded)
Provider of a smart voice assistant for technicians

Acquisitions
List of Acquisitions in France Tech in January 2021
France Tech: Acquisitions
15
Acq. Date Company Acquirer Deal Size
14 Jan 2021
Glose(2014, Paris, $3.4M)
Social reading platform for e-books
Medium
15 Jan 2021
Ysance(2005, Paris, $7.9M)
Offers people based advertising platform
Devoteam
15 Jan 2021
Squad(2010, Aix-en-provence)
Services for technical advisory and IT consulting
Abenex
18 Jan 2021
Gene&GreenTK(2013, Marseille)
Developer of enzymes isolated from microbes for laboratory &
agricultural use
proxis-developpement.com
19 Jan 2021
Capsule(1997, Paris)
Medical device data analytics for clinical and operational insights
Philips $635.0M
19 Jan 2021
NP6(1999, Paris)
Customer engagement and data management platform
CHAPSVISION

Recent News (1/2)
Recent News in France Tech in January 2021
France Tech:News
16
Exit News
.
● Dating Group Buys Once App, for $18M FinSMEs
.
● Royal Philips’ $635 Million Acquisition of Capsule Technologies Global Legal
Chronicle
.
● Critizr completes acquisition of customer messaging start-up ServiceDock
TechCentral Ireland
.
● Konsentus acquires Open Banking Europe from PRETA retailbankerinternational.com
.
● Nikkiso Cryogenic Industries Group Sells Turboexpander Business Line to Air
LiquideCalgary Herald
.
● Bid Equity's XClinical acquires CarenityUnquote
.
● Sparkow Acquisition by Chapsvision CHAPSVISION
.
● Decathlon acquires cycling specialist Alltricks Fashion Network
.
Fund News
.
● Alternative lender October raises €20m for latest fundAltFi
.
● Former Airbus CEO joins electric-flight startup Lilium The Business Times
.
● Valneva strengthens its management teams and appoints Perry Celentano as
interim COO and David Lawrence as int... GlobeNewswire
.
● Appointment of Jean-Luc Bélingard as Chairman of the Supervisory Board of
Biolog-id Business Wire
.
● Appointment of Jean-Luc Bélingard as chairman of the supervisory board of
Biolog-id Business Wire
.
● Orange Bank deputy chief Delphine d’Amarzit takes on CEO role at Euroonext
Paris Finextra
.
● Appointment of Jean-Luc Bélingard as Chairman of the Board of Biolog-id
Business Wire
.
Company News
.
● BioSerenity Achieves FDA Clearance for Wearable Device System mpo-mag.com

Explore more on Tracxn
Explore more about France Tech on Tracxn Platform
France Tech: Explore more on Tracxn Platform
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Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in France
AI Companies in France
Fintech Companies France
Consumer Digital in France
Company Due Diligence
Detailed profile of BlaBlaCar
Competitors of Deezer
Cap Tables of Mirakl
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
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France Tech Investment Report: January 2021

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