🧮 Data Point: An AI Startup They Couldn't Refuse
In "The French AI Report 2026: Key Trends, Financing Trends, and Emerging Champions" by Chausson Partners, Serena, and Galion.exe, one of the report's more striking findings is the emergence of new French AI "mafias." These networks of former employees have gone on to found the next generation of startups. While Criteo remains the country's most prolific founder factory, with alumni companies having raised €340 million, newer scaleups including Dream (€135M), Owkin (€102M), Alan (€62M), and Theodo (€37M) are rapidly building founder ecosystems of their own.
The data suggests that France's AI boom is becoming increasingly self-reinforcing, as successful startups generate the talent and entrepreneurial networks that seed the next wave of innovation.

💸 Weekly Funding Recap: June 26



📇 Company: Alan
🏷️ Sectors: InsurTech, Artificial Intelligence
🔍 Description: Alan is an AI-native digital health and insurance platform that combines health insurance, prevention, healthcare services, and care navigation into a single experience for businesses, self-employed professionals, retirees, and individuals. The company uses AI to improve customer service, automate operations, and deliver personalized preventive healthcare.
💻 Website: https://alan.com
📍 HQ City: Paris
🧗 Round: Growth Round
💰 Amount Raised: €480 million
🏦 Investors: Prosus, Teachers' Venture Growth, Index Ventures, Dara Holdings
👨💼👩💼 Founders: Jean-Charles Samuelian-Werve, Charles Gorintin
🗞️ News: Alan has raised €480 million at a €5.5 billion valuation, led by Prosus, to accelerate international expansion and AI-powered product development. The company now serves more than 1.1 million members and over 37,000 businesses across France, Spain, Belgium, and Canada, surpassing €800 million in annual recurring revenue in Q1 2026 while remaining profitable in France. The funding will support expansion into four additional countries over the next 18 months, further integration of its AI medical assistant Mo, and continued investment in proprietary insurance and healthcare infrastructure. Prosus will also support Alan's international growth through its global ecosystem and AI capabilities. The transaction is subject to regulatory approval by the French financial authorities. | Financial Times, Les Echos
📇 Company: Bionyra Pharma
🏷️ Sectors: BioTech, HealthTech
🔍 Description: Bionyra Pharma is a clinical-stage biotechnology company developing biologic therapies for immune-mediated inflammatory diseases, initially targeting severe atopic dermatitis (eczema) and inflammatory bowel diseases, including Crohn's disease and ulcerative colitis.
💻 Website: https://www.bionyrapharma.com
📍 HQ City: Paris
🧗 Round: Series A
💰 Amount Raised: €140 million
🏦 Investors: Jeito Capital, Sofinnova Partners, Arkin Bio, Sanofi Ventures, Sixty Degree Capital, Vives Partners, Apollo Health Ventures
👨💼👩💼 Founders: Frédéric Marrache
🗞️ News: Bionyra Pharma has emerged from stealth with a €140 million oversubscribed Series A, described as the largest biotech Series A ever raised in France and the biggest in Europe so far this year. The company is advancing three clinical-stage drug candidates targeting severe immune-mediated inflammatory diseases, beginning with atopic dermatitis and inflammatory bowel disease. The funding will primarily finance clinical trials, with all three programs already in or entering human studies. Founded alongside Sofinnova Partners, Bionyra aims to address significant unmet medical needs where existing therapies fail to help roughly half of patients. The company currently employs around 20 people and expects to grow its team to 25–30 employees by the end of the year. | Maddyness, Genetic Engineering News
📇 Company: TISSIUM
🏷️ Sectors: MedTech, BioTech
🔍 Description: TISSIUM develops biomorphic polymer-based medical devices for tissue reconstruction and repair. Its platform enables sutureless tissue repair across multiple surgical applications, including peripheral nerve repair, hernia repair, and cardiovascular surgery.
💻 Website: https://www.tissium.com
📍 HQ City: Paris
🧗 Round: Series D
💰 Amount Raised: €30 million
🏦 Investors: Undisclosed
👨💼👩💼 Founders: Christophe Bancel, Maria Pereira
🗞️ News: TISSIUM has secured a €60 million financing package consisting of a completed €30 million Series D2 and up to €30 million in financing from the European Investment Bank to support commercialization and product development. The company will use the capital to expand the U.S. rollout of COAPTIUM® CONNECT, the world's only FDA-authorized sutureless nerve repair system, and to advance its hernia repair and cardiovascular surgery pipeline. Founded in 2013 from research at MIT and Harvard's Brigham and Women's Hospital, TISSIUM has now raised more than $200 million to date. The EIB financing will be released in milestone-based tranches tied to commercial, clinical, and financing objectives. The funding also supports the expansion of the company's biomorphic polymer platform across six products targeting three surgical specialties. | Tech Funding News
📇 Company: Tsuga
🏷️ Sectors: Artificial Intelligence, SaaS
🔍 Description: Tsuga develops an AI-native observability platform that runs entirely within customers' cloud environments, enabling enterprises to monitor AI applications and cloud infrastructure without moving telemetry to third-party clouds. Its platform eliminates data duplication, reduces observability costs, and provides AI agents with access to complete, unsampled telemetry.
💻 Website: https://www.tsuga.ai
📍 HQ City: Paris
🧗 Round: Series A
💰 Amount Raised: €30 million
🏦 Investors: Singular, General Catalyst, DST Global Partners, QuantumLight, Picus, Databricks Ventures
👨💼👩💼 Founders: Gabriel-James Safar
🗞️ News: Tsuga has raised €30 million in a Series A round to accelerate deployment of its AI-native observability platform and expand its go-to-market efforts. Founded in 2024, the company enables enterprises to keep telemetry data inside their own cloud environments while reducing infrastructure costs and improving AI governance. Just six months after emerging from stealth, Tsuga has reached several million euros in annual revenue, secured six-figure enterprise contracts, and signed customers including Black Forest, Le Monde, Camunda, and Buk. The funding will support product development and expansion across global cloud platforms, including AWS, Microsoft Azure, Google Cloud, and sovereign cloud providers. Tsuga aims to redefine enterprise observability for the AI era by replacing legacy architectures that rely on third-party data ingestion with a cloud-native, AI-ready approach. | EU-Startups
📇 Company: AlpSemi
🏷️ Sectors: Semiconductors, Artificial Intelligence, ClimateTech, DeepTech
🔍 Description: AlpSemi develops next-generation semiconductor power switches for solid-state circuit breakers (SSCBs), enabling digitally controlled, software-defined electrical distribution for buildings, industrial systems, AI data centers, and electric mobility. Its vertically integrated platform spans materials, devices, and systems to improve the efficiency, safety, and intelligence of power infrastructure.
💻 Website: https://alpsemi.com
📍 HQ City: Grenoble
🧗 Round: Seed
💰 Amount Raised: €17 million
🏦 Investors: Yotta Capital, SE Ventures, Navitas Semiconductor, Cycle Group
👨💼👩💼 Founders: Frédéric Dupont, Fabrice Letertre
🗞️ News: AlpSemi has raised €17 million to industrialize and commercialize its semiconductor power switches for solid-state circuit breakers, targeting residential and commercial buildings as well as 800V DC AI data centers. The company's first product, AS800, is designed for digital circuit breakers operating in standard 110V and 230V electrical systems, with a roadmap extending to next-generation high-voltage power architectures for AI infrastructure. The funding will accelerate manufacturing, product commercialization, and expansion of AlpSemi's semiconductor platform. Investors view the company as well-positioned to benefit from growing demand for intelligent power distribution driven by electrification, AI computing, and energy efficiency. Based in Grenoble, AlpSemi aims to become a global leader in software-controlled power electronics and next-generation electrical infrastructure. | Les Echos
📇 Company: Flease
🏷️ Sectors: Mobility, Climate Tech, SaaS
🔍 Description: Flease provides flexible B2B leasing and fleet management solutions for reconditioned vehicles. Its platform combines telematics and fleet management software to optimize vehicle usage, maintenance, and total cost of ownership while promoting the adoption of refurbished vehicles.
💻 Website: https://www.flease.fr
📍 HQ City: Lyon
🧗 Round: Series A
💰 Amount Raised: €13 million
🏦 Investors: Partech
👨💼👩💼 Founders: Constantin Eliard, Vincent Dreyfus
🗞️ News: Flease has raised €13 million in equity, alongside €2.5 million in debt financing, to accelerate the expansion of its B2B leasing platform for reconditioned vehicles. Founded in 2021, the company offers flexible leasing contracts ranging from one to 50 months, supported by a telematics platform that optimizes fleet operations and reduces total cost of ownership. Flease currently manages a fleet of 2,000 vehicles serving SMEs and large enterprises across France. The fresh capital will be used to scale commercial operations and strengthen its position against established long-term leasing providers such as Arval and Ayvens. By promoting refurbished vehicles, Flease also aims to help businesses reduce the environmental impact of their fleets. | Maddyness
📇 Company: Wheere
🏷️ Sectors: SpaceTech, DeepTech, Semiconductors
🔍 Description: Wheere develops next-generation positioning technology that enables precise indoor and outdoor localization using proprietary VHF radio signals capable of penetrating complex environments. The company aims to build a sovereign alternative for Positioning, Navigation, and Timing (PNT), ultimately extending its technology through a low Earth orbit satellite constellation and dedicated semiconductor chips.
💻 Website: https://www.wheere.com
📍 HQ City: Montpellier
🧗 Round: Seed Extension
💰 Amount Raised: €4.2M equity
🏦 Investors: Blast Club, Éric Larchevêque, Sofilaro, business angels (existing investors)
👨💼👩💼 Founders: Pierre-Arnaud Coquelin, Antoine Carrabin
🗞️ News: Wheere has secured €8.5 million in bridge financing to accelerate development of its proprietary indoor positioning technology and prepare for a future €40 million Series A. The company uses VHF radio frequencies to deliver meter-level positioning through up to 50 meters of concrete, targeting industrial sites, logistics facilities, and critical infrastructure where GPS performance is poor. Wheere plans to validate its technology in orbit in 2027 through a low-Earth-orbit satellite demonstrator while also developing a proprietary ASIC to embed its positioning technology into smartphones, robots, drones, and connected devices. Customers already include major industrial groups such as TotalEnergies, EDF, and L'Oréal. The funding will support commercialization, satellite development, and semiconductor integration as Wheere seeks to become a new player in the global Positioning, Navigation and Timing (PNT) infrastructure market. | FrenchWeb
📇 Company: Linc
🏷️ Sectors: SaaS, FinTech, Artificial Intelligence
🔍 Description: Linc develops AI-powered payroll software for accounting firms, helping them manage payroll more efficiently through modern workflows, real-time data access, and automation. The platform is designed specifically for payroll professionals, offering collaborative tools and deep regulatory coverage of the French payroll system.
💻 Website: https://www.lincpay.io
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €8.5 million
🏦 Investors: Headline, Resonance, Founders Future, Acadian Ventures, Adnexus, 50 Partners, Motier, 199 Ventures, Aonia, Better Angle, Clover, plus more than 100 business angels
👨💼👩💼 Founders: Baptiste Le Bihan, Félix Wattez, Thomas de Priestere
🗞️ News: Linc has raised €8.5 million to challenge the dominance of legacy payroll software providers in France by offering an AI-native platform built for accounting firms. The company currently serves around 60 accounting firms and plans to grow to 180 by the end of 2026 and to 500 by 2027, while expanding its coverage of France's complex collective bargaining agreements. The funding will be used to strengthen the product, extend regulatory coverage, and recruit senior payroll experts to support customers. Linc believes the French payroll market is undergoing the same digital transformation that accounting software has experienced in recent years, with increasing demand for collaborative, real-time payroll data. Founded in 2024, the company plans to remain focused exclusively on the French market before considering international expansion. | The French Tech Journal
📇 Company: Sopht
🏷️ Sectors: ClimateTech, Artificial Intelligence
🔍 Description: Sopht develops a software platform that helps enterprises optimize the cost, performance, and environmental footprint of their IT infrastructure. By consolidating data across cloud environments, datacenters, and end-user devices, the platform identifies cost-saving opportunities and recommends actions to improve both financial and environmental efficiency.
💻 Website: https://www.sopht.com
📍 HQ City: Lyon
🧗 Round: Series A
💰 Amount Raised: €5 million
🏦 Investors: Ternel, Axeleo Capital, Wind Capital, FDJ United Ventures
👨💼👩💼 Founders: Julien Rouzé, Jérémie Veg
🗞️ News: Sopht has raised €7.5 million to expand its AI-powered IT optimization platform across Europe as enterprises face rising infrastructure costs driven by AI adoption. The company serves around 50 enterprise customers—including LVMH, BNP Paribas, E.ON, and the UK's NHS—and helps organizations reduce both cloud spending and carbon emissions by analyzing infrastructure data and automating the application of optimization recommendations. The new funding will be used to enhance the platform's capabilities and accelerate expansion into key European markets, particularly Germany and the United Kingdom. Founded by two former Capgemini executives, Sopht positions itself at the intersection of digital efficiency and sustainability. The company also plans to leverage systems integration partners to expand internationally, including in the United States, without building large local teams. | Maddyness
📇 Company: Blyyd
🏷️ Sectors: CleanTech, Mobility
🔍 Description: Blyyd designs and manufactures 100% electric yard vehicles for logistics and industrial sites, enabling the movement of trailers while improving operational efficiency, safety, and reducing carbon emissions through electric propulsion, swappable batteries, and fleet management software.💻 Website: https://blyyd.com
📍 HQ City: Lyon
🧗 Round: Growth Equity
💰 Amount Raised: €5 million
🏦 Investors: Meridiam
👨💼👩💼 Founders: Damien Gambey
🗞️ News: Meridiam has invested €5 million in Blyyd through its Green Impact Growth Fund to support the company's next phase of growth. The funding will accelerate the industrialization of Blyyd's next-generation electric yard vehicles, expand commercial operations, and support international expansion across Europe. Founded in 2015, Blyyd has deployed more than 160 vehicles across over 100 logistics and industrial sites. Meridiam will also leverage its European infrastructure and logistics ecosystem to help Blyyd build strategic partnerships, particularly within the battery value chain, and access new logistics platforms. | Fusacq
📇 Company: Cardiawave
🏷️ Sectors: MedTech, HealthTech, DeepTech
🔍 Description: Cardiawave develops Valvosoft®, the first non-invasive, image-guided ultrasound therapy for severe calcific aortic stenosis. The CE-marked device uses focused ultrasound to fracture valve calcifications without surgery, implants, or general anesthesia, targeting patients who are ineligible for or unwilling to undergo valve replacement.
💻 Website: https://cardiawave.com
📍 HQ City: Levallois-Perret
🧗 Round: Growth Equity
💰 Amount Raised: €3.8 million
🏦 Investors: Capital Cell
👨💼👩💼 Founders: Mickaël Tanter, Mathieu Pernot, Emmanuel Messas
🗞️ News: Cardiawave has begun the commercial rollout of Valvosoft®, its CE-marked, non-invasive ultrasound therapy for severe aortic stenosis, following successful clinical trials involving 100 patients across 12 European centers. The company is raising approximately €3.8 million through Capital Cell to accelerate European commercialization, expand production, and prepare FDA submissions for entry into the U.S. market. Initial deployments have begun in France, Germany, and the Netherlands, with distribution discussions underway across additional European and international markets. Cardiawave estimates its addressable market exceeds €10 billion and initially targets roughly 300,000 patients who are not eligible for conventional valve replacement. The company expects the new funding to support manufacturing scale-up, continued clinical studies, and international expansion. The crowdfunding campaign appears to form part of a broader recapitalization following Cardiawave's emergence from a French bankruptcy restructuring in 2024. | Capital Cell, Les Echos
📇 Company: Macrodata Labs
🏷️ Sectors: AI, Robotics
🔍 Description: Macrodata Labs builds infrastructure that transforms raw multimodal robotics data into training-ready datasets for embodied AI. Its flagship product, Refiner, is an open-source framework and managed cloud runtime that processes video, sensor data, robotics logs, and other heterogeneous inputs into high-quality datasets for robot foundation models.
💻 Website: https://macrodata.co
📍 HQ City: Paris
🧗 Round: Pre-Seed
💰 Amount Raised: €3.6 million
🏦 Investors: Air Street Capital, Kima Ventures, Thomas Wolf, Drysdale Ventures, OPRTRS CLUB, commit, YG Ventures
👨💼👩💼 Founders: Guilherme Penedo, Hynek Kydlíček
🗞️ News: Macrodata Labs has emerged from stealth with a $4 million pre-seed round led by Air Street Capital to build a "data refinery" for robotics. Founded by former Hugging Face researchers Guilherme Penedo and Hynek Kydlíček, the company aims to solve one of the biggest bottlenecks in embodied AI by converting messy multimodal robotics data into training-ready datasets. Its Refiner platform supports formats including LeRobot, HDF5, Zarr, MCAP, and raw video while offering cloud-scale processing, observability, and automated data refinement. The founders previously built widely used open-source AI datasets, including FineWeb, FineWeb 2, FinePDFs, and FineTranslations, and are applying the same data engineering expertise to robotics. Macrodata believes standardized data infrastructure will become a foundational layer for the next generation of robot foundation models and physical AI applications. | AirStreet, The Agent Times
📇 Company: Haiku
🏷️ Sectors: LegalTech, Artificial Intelligence, SaaS
🔍 Description: Haiku develops an AI-powered legal research and productivity platform that helps legal professionals search, analyze, and draft legal documents. The company partners with bar associations, institutions, and legal publishers to bring AI tools to the legal sector.
💻 Website: https://www.haiku.fr
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €3 million
🏦 Investors: Newfund Capital, M Capital
👨💼👩💼 Founders: Jules Touzet, Jorick Nuss, Jean Marcel Touzet
🗞️ News: Haiku has raised €3 million to accelerate development of its AI-powered legal platform, bringing its total funding to nearly €5 million. Existing investor Newfund Capital participated in the round, while M Capital joined as a new investor. The company will use the funding to expand its product, invest further in AI capabilities, recruit new talent, and support its European expansion. Haiku says it has already attracted thousands of users and established partnerships with bar associations, institutions, and leading legal publishers. Its long-term ambition is to become the reference AI infrastructure for the European legal industry. | LinkedIn
📇 Company: Concord
🏷️ Sectors: AdTech, Artificial Intelligence, SaaS
🔍 Description: Concord develops an agentic AI platform that automates media buying by turning campaign briefs into live advertising campaigns, managing execution, optimization, and reporting across major advertising platforms, including Google, Meta, Amazon DSP, The Trade Desk, and TikTok.
💻 Website: https://concord.ad
📍 HQ City: Paris and New York City
🧗 Round: Seed
💰 Amount Raised: €2.63 million
🏦 Investors: A16Z Scout, Drysdale, Motier Ventures, Better Angle, Rémi Lemonnier, Philippe Corrot, Arthur Querou, Thomas Zaepffel, other industry angels
👨💼👩💼 Founders: Nathan Venezia, Nicolas Cosson, Antoine Chwalek
🗞️ News: Concord has raised a $3 million seed round to accelerate development of its AI-powered media buying platform and expand across the U.S. and EMEA. Its flagship product, Concord Agent, automates campaign creation, optimization, and reporting across major advertising platforms, with early customers reporting time savings of up to 70%. The company already works with advertisers within the WPP and Havas agency networks and aims to become the execution infrastructure for modern digital media buying. The funding will be used to expand platform integrations, accelerate product development, and grow the team. Industry veterans, including Scibids AI co-founder Rémi Lemonnier, backed the company, citing agentic execution as the missing layer in programmatic advertising. | PR
📇 Company: Beams
🏷️ Sectors: MedTech
🔍 Description: Beams is a French medtech spin-off from the CNRS developing TRIOP®, an intra-operative probe that uses nuclear medicine to help surgeons detect and remove residual cancer tissue during oncological surgery, improving surgical precision and reducing the risk of recurrence.
💻 Website: https://www.beams.bio
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €1.5M
🏦 Investors: Business Angels, Bpifrance
👨💼👩💼 Founders: Virginie Simon, Estelle Villedieu de Torcy, Prof. Stéphane Palfi, Laurent Ménard
🗞️ News: Beams has secured more than €3 million in financing, split equally between private investment and public funding, to accelerate the clinical and industrial development of its TRIOP® cancer surgery technology. The funding will support preclinical development, regulatory work, clinical trial preparation, industrialization, and international expansion. Founded in 2021 as a CNRS spin-off, the company aims to begin first-in-human clinical trials in 2027. TRIOP® is designed to help surgeons detect residual tumor tissue in real time during operations, potentially reducing cancer recurrence and repeat surgeries. | LinkedIn
📇 Company: Cilcare
🏷️ Sectors: BioTech, HealthTech, Artificial Intelligence
🔍 Description: Cilcare is a biotechnology company developing novel therapies for hearing disorders, including hearing loss and tinnitus, while leveraging proprietary auditory biomarkers and AI-driven analytics to improve drug development and patient stratification.
💻 Website: https://cilcare.com
📍 HQ City: Montpellier
🧗 Round: Growth Equity
💰 Amount Raised: Undisclosed
🏦 Investors: Sanofi
👨💼👩💼 Founders: Celia Belline, Sophie Gaboyard-Niay
🗞️ News: Cilcare has updated its licensing agreement with Sanofi covering its lead hearing-loss programs, CIL001 and CIL003, securing substantially improved royalty terms while welcoming Sanofi as a minority shareholder. The agreement follows Cilcare's recent Series A financing and strategic partnership with Shionogi, further strengthening its pharmaceutical collaborations. The company says the revised deal reflects the growing maturity and commercial potential of its therapeutic pipeline. Cilcare is developing precision-medicine therapies for hearing loss and tinnitus by combining proprietary biomarkers with AI-powered auditory analytics. The company believes hearing loss is one of the world's largest unmet medical needs, with more than 1.6 billion people currently affected. | PR
📇 Company: Fascent
🏷️ Sectors: E-commerce & Retail
🔍 Description: Fascent is a Paris-based fragrance brand creating playful, sustainable perfumes at accessible price points. Founded in 2023 by former executives from Diptyque, Guerlain, Firmenich, and LVMH, the company combines French fragrance expertise with eco-conscious packaging and a direct-to-consumer approach.
💻 Website: https://fascent.com
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €1.3 million
🏦 Investors: Business Angels, including founders, investors, and senior executives from Coty, Jacquemus, Firmenich, and Elle International
👨💼👩💼 Founders: Fanny Descamps, Edwina Réthoré
🗞️ News: Fascent has raised a €1.3 million angel round to accelerate its expansion in the United States after achieving more than 300% year-over-year growth. Rather than partnering with a traditional VC fund, the founders chose 14 industry angels to gain strategic expertise and close relationships with investors. The company plans to use the funding to expand production, open a U.S. warehouse, and strengthen its retail presence, which already spans nearly 400 stores across 30 countries, including Revolve, Credo, and Luckyscent, with Anthropologie joining this summer. Fascent expects to generate approximately $2.3 million in revenue this year and continues to expand its fragrance lineup with new travel-size and large-format bottles. The founders ultimately aim to secure distribution through Sephora while maintaining the brand's sustainable positioning and accessible luxury appeal. | Beauty Independent, Beauty Scale
📇 Company: MNGRS.AI
🏷️ Sectors: Artificial Intelligence, Entertainment
🔍 Description: MNGRS.AI develops an AI-powered artist management platform that helps independent musicians with career planning, strategy, content development, and other management functions, bringing professional artist management tools to creators at scale.
💻 Website: https://mngrs.ai
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: Undisclosed
🏦 Investors: Cortez Bryant
👨💼👩💼 Founders: Alexandre Deniot, Thomas Quenoil
🗞️ News: Artist manager Cortez Bryant, known for managing Lil Wayne, Drake, and Nicki Minaj, has invested in MNGRS.AI and joined the company as Strategic Advisor, becoming its first U.S.-based music industry investor. Bryant will advise on artist development frameworks, industry partnerships, and international growth as the startup expands across Europe and North America. Founded by Global Music Community, MNGRS.AI uses AI to provide independent artists with structured career guidance traditionally available only through professional managers. The company previously raised $1 million in 2025 from investors, including football stars Aurélien Tchouaméni, Jules Koundé, and Mike Maignan. MNGRS.AI says its goal is not to replace artist managers, but to make professional management principles accessible to millions of creators. | Music Business News
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