🧮 Data Point: HealthTech + BioTech Q2
Last week, we published our Q2 French Tech Funding Report. But we also wanted to highlight the French HealthTech and BioTech sectors. Including BioTech + HealthTech + MedTech, those sectors drew €960M, their second-highest quarter on record, behind only the Q1 2022 boom (€1.30B). That's up 90% year-on-year (from €505M in Q2 2025) and 71% quarter-on-quarter (from €561M in Q1 2026): by the headline, a decisive acceleration.
But as is the case across all sectors, strip out Alan, and it flattens. Alan's €480M is half of the quarter. The remaining €480M core is essentially flat on Q1's (+4%) and slightly below Q2 2025's €505M (−5%). And there were fewer deals: 32 rounds, down from 37 in Q1 and 39 a year earlier. Since 2021, the cluster has oscillated between roughly €150M (Q3 2025) and €800M-plus with no durable uptrend.
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💸 Weekly Funding Recap: July 3
📇 Company: Elixir Aircraft
🏷️ Sectors: Aerospace
🔍 Description: Elixir Aircraft is a French aircraft manufacturer developing next-generation carbon-fiber training aircraft. Its flagship Elixir aircraft is certified in Europe and the U.S., offering lower operating costs, improved safety, and significantly lower emissions for pilot training.
💻 Website: https://www.elixir-aircraft.com
📍 HQ City: La Rochelle
🧗 Round: Growth Equity
💰 Amount Raised: €45 million
🏦 Investors: Bpifrance, Odyssée Venture, Innovacom (Turenne Groupe), other investors
👨💼👩💼 Founders: Arthur Léopold-Léger, Cyril Champenois, Nicolas Migault
🗞️ News: Elixir Aircraft has raised €45 million to accelerate industrial expansion, international growth and launch Equinox, a new aircraft program that will expand its product range. The company will consolidate production into a larger manufacturing site, expand operations in the U.S., and strengthen its presence in Asia, particularly India. Since its last funding round in 2024, Elixir has nearly tripled production, now employs almost 250 people, and has more than 60 aircraft in service across Europe. The funding will also support commercialization following FAA certification and the rollout of the enhanced Elixir+ aircraft. Elixir says it now has an order backlog exceeding 300 aircraft and aims to scale production to five aircraft per month. | Presse Citron
📇 Company: Amarris
🏷️ Sectors: FinTech
🔍 Description: Amarris is a French accounting group that develops its own digital technologies to support accounting firms, helping them modernize operations while maintaining technological independence.
💻 Website: https://www.amarris.fr
📍 HQ City: Saint-Herblain
🧗 Round: Growth Equity
💰 Amount Raised: €39 million
🏦 Investors: Naxicap Partners, BNP Paribas Développement, Arkéa Capital, Ouest Croissance, management shareholders, CIC Private Debt, Zencap
👨💼👩💼 Founders: Claude Robin
🗞️ News: Amarris has secured €39 million in financing to accelerate acquisitions and strengthen its proprietary technology platform as accounting firms prepare for electronic invoicing and increased AI adoption. The financing includes a €15 million equity round backed by Naxicap Partners, BNP Paribas Développement, Arkéa Capital, Ouest Croissance and management, alongside €24 million in unitranche debt from CIC Private Debt and Zencap. Since November 2025, the group has completed six acquisitions, added more than 230 employees and now serves over 50,000 clients. Amarris says the funding will support further consolidation in France and Belgium while reinforcing its strategy of maintaining control over its software and client data. Founder Claude Robin argues that accounting firms should remain independent from third-party technology platforms as AI reshapes the profession. | FinYear
📇 Company: Tallano Technologies
🏷️ Sectors: CleanTech, Mobility
🔍 Description: Tallano Technologies develops TAMIC®, a patented brake particle capture system that reduces fine particulate emissions from automotive and rail braking systems, helping manufacturers comply with future Euro 7 emissions standards.
💻 Website: https://www.tallano.eu
📍 HQ City: Paris
🧗 Round: Growth Equity
💰 Amount Raised: €10 million
🏦 Investors: MEAC, Bpifrance, France 2030, PRVF, Business Angels
👨💼👩💼 Founders: Jean-Louis Juchault
🗞️ News: Tallano Technologies has raised €10 million from existing investors and European family offices to commercialize its TAMIC® brake particle capture technology ahead of the Euro 7 heavy-duty vehicle regulations taking effect in 2030. The funding follows a capital restructuring and will support the industrial rollout of a technology protected by more than 56 patents across 12 countries. TAMIC® captures fine particles emitted during braking and has already been deployed on buses operated by Mulhouse Alsace Agglomération and Transdev in what the company describes as a world first. Tallano has spent more than a decade developing the technology, positioning itself as a leading European player in reducing non-exhaust vehicle emissions. The company aims to help transport manufacturers and cities comply with stricter European air quality regulations while improving urban air quality. | LinkedIn
📇 Company: Loumo
🏷️ Sectors: EdTech, Artificial Intelligence
🔍 Description: Loumo develops an AI-powered examination platform that manages the entire assessment lifecycle, from exam design and logistics to secure online testing, automated grading and performance analytics.
💻 Website: https://www.loumo.fr
📍 HQ City: Lille
🧗 Round: Seed
💰 Amount Raised: €1 million
🏦 Investors: Business Angels
👨💼👩💼 Founders: Louis Desry
🗞️ News: Loumo has raised €1 million to accelerate the development of its AI-powered examination platform and expand across Europe. Founded in 2024, the startup aims to automate the full exam process—from creation and secure online delivery to AI-assisted grading and analysis—helping educational institutions save time and simplify assessment management. The company plans to strengthen its leadership in the French higher education market before expanding internationally. Loumo says it is building a sovereign European alternative to U.S.-based AI-powered exam-grading solutions. The funding will support product development, customer acquisition, and European expansion. | LinkedIn
📇 Company: My Hospitel
🏷️ Sectors: HealthTech, Hospital Software, Digital Health
🔍 Description: My Hospitel develops the first digital platform for managing France's hébergement temporaire non médicalisé (HTNM), enabling hospitals to book hotel accommodation for eligible patients while reducing administrative burden, improving bed utilization, and streamlining reimbursement.
💻 Website: https://www.myhospitel.com
📍 HQ City: France
🧗 Round: Seed
💰 Amount Raised: €200,000
🏦 Investors: Angels Santé, INSA Angels, Tudigo, Crowdfunding, Business Angels
👨💼👩💼 Founders: Vincent Boisset
🗞️ News: My Hospitel has secured funding from business angel networks Angels Santé and INSA Angels while simultaneously advancing a participatory crowdfunding campaign on Tudigo, surpassing €200,000 raised—66% of its target. The company provides a platform that enables hospitals to manage non-medical patient hotel stays, helping free up hospital beds, reduce unnecessary overnight admissions, and improve patient experience. Its solution also coordinates patient eligibility, hotel reservations, and reimbursement by the French national health insurance system. The new funding will support the company's growth as it expands its position as France's leading operator for hospital hotel services. The company says the financing validates its role as a trusted intermediary between hospitals, hotels, and patients. | Tudigo, France Angels
📇 Company: VSORA
🏷️ Sectors: Artificial Intelligence, Semiconductors
🔍 Description: VSORA is a French fabless semiconductor company developing AI inference accelerators for data centers. Its flagship processor, Jotunn8, is designed to overcome the "memory wall" bottleneck, improving AI inference performance, latency, power efficiency, and total cost of ownership. The company taped out Jotunn8 in 2025 and has entered manufacturing with partners including TSMC and Global Unichip (GUC).
💻 Website: https://www.vsora.com
📍 HQ City: Meudon
🧗 Round: Growth Equity
💰 Amount Raised: Undisclosed
🏦 Investors: Ardian, XAnge, Omnes Capital, European Innovation Council, Otium Capital, NJJ Capital, CloudHQ
👨💼👩💼 Founders: Khaled Maalej
🗞️ News: Ardian Semiconductor announced on July 1 that it had completed a minority investment in VSORA, becoming part of a syndicate that also included management, existing shareholders, and new strategic and financial investors. Neither Ardian nor VSORA disclosed the amount raised or the valuation.
Recent corporate filings provide several additional facts about the transaction. On 27 March 2026, VSORA approved a capital increase by issuing 115,327 new C1 shares (ABSA C1 securities with attached warrants). The capital increase became legally effective on 15 April 2026, when subscription funds were deposited, and was formally certified by the company on 12 May 2026. As a result, the company's share capital increased from €1,138,877.50 to €1,196,541, while the total number of shares rose from 2,277,755 to 2,393,082. Only the C1 share class increased, from 920,152 to 1,035,479 shares, indicating that the financing was completed entirely through new C1 shares.
The filings do not disclose the subscription price, share premium, valuation, or Ardian's ownership stake, making it impossible to calculate the amount raised. However, they suggest the primary issuance represented only 115,327 new shares, or approximately 5.1% dilution relative to the pre-financing share count. Because Ardian described the transaction as a minority investment completed alongside multiple investors, while only a relatively small number of new shares were issued, it is plausible that the overall transaction included a significant secondary share purchase from existing shareholders in addition to the primary capital increase. The available filings do not confirm this, but the limited dilution and Ardian's description of the deal are consistent with that interpretation. | Ardian
📇 Company: Destia
🏷️ Sectors: HealthTech, Home Care, Elder Care, Healthcare Services
🔍 Description: Destia is a leading French provider of home care services for seniors and people with disabilities, operating a network of 180 agencies across France and Europe. The group also offers inclusive housing solutions and professional training for home care workers.
💻 Website: https://www.destia.fr
📍 HQ City: France
🧗 Round: Growth Equity
💰 Amount Raised: Undisclosed
🏦 Investors: Bpifrance, Three Hills, Turenne Santé, VYV; reinvesting shareholders Siparex ETI, BNP Paribas Développement, MACSF, Azulis, Après demain, Crédit Agricole
👨💼👩💼 Founders: Xavier Mura
🗞️ News: Destia has brought in new investors to support its next phase of growth in France and across Europe, while existing shareholders have reinvested. Since Siparex ETI became the majority shareholder in 2021, the company has grown its annual revenue from €100 million to more than €250 million through organic expansion and more than 40 acquisitions. The group now operates 180 agencies across France, Spain, Ireland, Germany, and Switzerland. The new investment will support continued European expansion and strengthen Destia's position in home care, inclusive housing, and caregiver training. Founder Xavier Mura said the transaction reinforces the company's long-term vision of building the future of home care while keeping employees at the center of its strategy. | Investors In Healthcare
📇 Company: HTDS (Hi-Tech Detection Systems Group)
🏷️ Sectors: Security, DeepTech, Detection Systems, Industrial Technology
🔍 Description: HTDS is a French distributor and service provider of high-tech detection, inspection and safety systems, supplying X-ray scanners, explosive and metal detectors, laboratory instruments and radiation protection solutions to governments and industrial customers across Europe, Africa and the Middle East.
💻 Website: https://www.htds.fr
📍 HQ City: Massy
🧗 Round: Growth Equity
💰 Amount Raised: Undisclosed
🏦 Investors: AfricInvest Europe, Trocadero Capital Partners, Bpifrance, Société Générale Capital Partenaires, Abenex
👨💼👩💼 Founders: Louaye Moudarres, Farice Moudarres, Etienne Moudarres
🗞️ News: HTDS has completed a new investment round led by AfricInvest Europe's French-African Fund 3 alongside Trocadero Capital Partners, Bpifrance and Société Générale Capital Partenaires, with existing shareholder Abenex reinvesting. The transaction also enables the Moudarres family and the management team to increase their ownership stake in the company. HTDS, which operates across France, Africa and the Middle East, plans to use the funding to accelerate both organic growth and acquisitions, expand into new markets and diversify its products and services. The company has grown revenue by more than 50% between 2022 and 2025 and now maintains a presence in 14 countries, with Africa accounting for more than half of its revenue. AfricInvest said it will leverage its network across Africa to support HTDS's continued international expansion. | Africinvest
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