bpifrance
Canvas Category Consultancy : Company : Private Equity
Bpifrance, Banque publique d’investissement, accompagne les entreprises, de l’amorçage jusqu’à la cotation en bourse, du crédit aux fonds propres. Interlocuteur privilégié, Bpifrance propose dans chaque région des solutions de financement ou d’investissement adaptées à chaque étape de la vie des entreprises. Banque partenaire des entrepreneurs, Bpifrance les accompagne durablement pour soutenir leur croissance et leur compétitivité. Les équipes sont au cœur des régions, sur l’ensemble du territoire, à travers plus de 50 implantations régionales.
Assembly Line
Flower raises €45 million to revolutionise European energy flexibility
Flower has closed its Series A funding with an additional €20 million, bringing the round total to €45 million as it aims to redefine the post-transition energy system. The round was led by Northzone, with additional investment from Giant Ventures, 82an Invest, Sony Innovation Fund, and angel investors Thomas von Koch and Sebastian Knutsson, founder of game developer King.
Flower is enabling and managing tomorrow’s clean energy system by fostering flexibility, stability, and predictability in global energy grids, while also providing renewable power asset owners with enhanced revenue streams. This is achieved through Flower’s AI-driven platform and supporting hardware infrastructure.
The company will use this capital to support its ambitious pan-European expansion and to continue developing its Battery Energy Storage Systems. Currently active in Sweden and Denmark, Flower plans to extend operations to the DACH region, France, the Netherlands, and Belgium by 2025 and 2026.
Beyond Aero Raises $20 Million for Its Hydrogen-Electric Private Jets
Aerospace startup Beyond Aero has raised a $20 million funding round, a vote of confidence from investors that the French company’s vision to make hydrogen-powered electric jets for companies and the ultrawealthy will be a moneymaker. Giant Ventures and French sovereign fund Bpifrance co-led the Series A financing round, which also included capital from venture firms Initialized Capital, Female Founders Fund and 7 Percent Ventures. Beyond Aero participated in the Y Combinator startup accelerator program in 2022.
Exoes partners with Bpifrance and Meridiam in a €35m deal to shape the future of electric mobility
Exoes, under the leadership of its co-founders Arnaud Desrentes and Rémi Daccord, has developed a unique know-how on thermal management systems for next generation electric vehicles. Meridiam Green Impact Growth Fund (GIGF) and Bpifrance Fonds Avenir Automobile 2 (FAA2) partner with Exoes through a €35m deal, to accelerate its growth.
Based in Gradignan (Bordeaux), Exoes provides advanced engineering services to the car manufacturing industry and fluid manufacturers for next generation EV platforms. Since 2019, the company is also developing its own high-performance battery packs through its dedicated subsidiary, relying especially on immersion cooling technology. Exoes is recognized worldwide for its deep expertise in immersion cooling.
TEMO raises €6 million!
TEMO, the French specialist in electric motors for boats, has completed a €6 million Series A financing round with the US impact fund At One Ventures, the Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance as part of the France 2030 programme, and business angels.
Thanks to this first round of Series A funding, the company will be able to accelerate the development of its range. The company’s ambition is to add three new power units to its catalogue by 2027, so that the entire fleet of small sailing yachts and recreational craft can be powered electrically. TEMO’s cutting-edge technology enables boaters to enjoy clean, quiet, smooth sailing, while complying with current and future regulations.
Braincube raises €83 million of growth equity investment from Scottish Equity Partners and Bpifrance - Braincube
Braincube, a market-leading manufacturing data software platform with specialist industrial applications, has raised €83 million of growth equity investment. The investment was led by Scottish Equity Partners (‘SEP’).
Braincube’s Industrial Internet of Things (‘IIoT’) platform helps manufacturers increase their profits using data insights to improve quality, productivity, and sustainability in their factories. Production line optimisations, resulting from Braincube’s use-case driven framework and proprietary AI, have already saved customers more than $10 billion, and have reduced carbon emissions by 2.5 million tonnes.
Braincube’s customer base spans several Manufacturing verticals, with a particular specialism in the food and beverage, pulp and paper, building materials, and tires and plastics sectors. Customers include leading global manufacturing companies such as Bridgestone and International Paper.
ADIONICS, the cleantech pioneer in eco-friendly lithium extraction, secures $27 million in Series B funding
With its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, ADIONICS has once again captivated investors, raising $27 million in its Series B funding round. Adionics’ historical stakeholders took part in this operation, along with newcomer strategic investor SQM, a mining leader in lithium production from brines. This move is supported by returning investors, including Bpifrance, via the PSIM funds managed on behalf of the French state as part of the France 2030 program, Supernova Invest, Céleste Management and Ovive, who are reaffirming their trust in Adionics.
Founded in 2012, Adionics has been developing a DLE process that improves global lithium production. This technology not only increases the productivity of lithium mining but also streamlines the associated value chain and allows a significant reduction of the overall environmental footprint of Li-ion battery manufacturing and the recycling industry. Adionics is confirming its ambition to become the leader in DLE technologies.
PILI raises $15.8M to accelerate its industrial scale-up and the decarbonization of the color industry.
PILI, a pioneer in decarbonizing the color industry, announced today $15.8 million in Series A funding to accelerate its industrialization by producing the first tons of high-performance bio-based indigo. Bpifrance led this round through the fund Ecotechnologies 2, with participation from Famille C Participations and existing investors, such as Elaia Partners.