🧮 Data Point: Eight is Enough
The Dealroom Global Tech Ecosystem Index 2026 ranked France as one of Europe’s deepest and most geographically diversified innovation economies. The country ranked fifth globally in terms of the number of qualified tech hubs, with 11 French ecosystems included in the index, behind only the United States, the United Kingdom, China, and Germany.
Beyond Paris, cities such as Grenoble, Lyon, Toulouse, and Strasbourg contribute meaningfully to national startup activity, reinforcing the view that French innovation is increasingly distributed rather than concentrated in a single metropolitan area.
Mais...
Paris still stands out as the flagship of the French ecosystem. It ranks #8 globally among “Global Champions” and #2 in Europe, trailing only London on the continent. The report noted that Paris has accelerated significantly over the past 12–24 months, driven largely by its strength in AI, where it ranks #7 globally. Paris benefits from a concentration of technical talent, leading universities and research institutions, and growing international visibility. According to Dealroom’s metropolitan analysis, the Greater Paris region contains more than 21,000 startups, approximately $372 billion in enterprise value, and 42 unicorns when combining Central Paris and the wider Île-de-France area.
Eurosatory 2026, the benchmark global tradeshow for Defense and Security, returns to Paris from June 15 to June 19.
The French Tech Journal is pleased to partner with investors from BSV Ventures and JOIN Capital, alongside military leaders and innovators, to discuss how defense investment can scale fast enough to deliver operational impact. Drawing on lessons from the Russia–Ukraine war, the panel explores how private capital and non-traditional suppliers are accelerating capability development for Europe and NATO while preserving interoperability and sovereignty.
June 17, 4 p.m. Delta | Hall 4
💸 Weekly Funding Recap: June 5
📇 Company: Quobly
🏷️ Sectors: Quantum Computing, DeepTech
🔍 Description: Quobly develops silicon-based quantum processors using a proprietary silicon spin qubit architecture designed for scalable, industrial-grade quantum computing. The company leverages semiconductor manufacturing processes to build fault-tolerant quantum systems capable of scaling to millions of qubits.
💻 Website: https://www.quobly.io
📍 HQ City: Grenoble
🧗 Round: Series A
💰 Amount Raised: €115M
🏦 Investors: STMicroelectronics, Bpifrance, SEALSQ, Isalt
👨💼👩💼 Founders: Maud Vinet, Laurent Schmid, Philippe Campana
🗞️ News: Quobly has raised €115 million in Series A funding to accelerate the industrialization and commercialization of its silicon-based quantum computing technology. Spun out of CEA-Leti in 2022, the company develops quantum processors based on silicon spin qubits, a technology designed to leverage existing semiconductor manufacturing infrastructure. Quobly’s architecture addresses key challenges in scaling quantum computers by reducing interference between quantum dots and replacing traditional charge sensors with gate-based reflectometry, enabling more efficient qubit control and readout. The company collaborates closely with STMicroelectronics, which manufactures its chips using 300-mm silicon wafers and silicon-28 isotopes to reduce noise and improve performance. Following an earlier €40 million funding round, Quobly plans to launch its first commercial quantum computer by the end of 2026, develop a 100-qubit system with STMicroelectronics in 2027, and ultimately target a one-million-qubit quantum computer by 2032. The new funding will support continued R&D, industrial deployment, and international commercial expansion. | SiliconAngle
📇 Company: Innovafeed
🏷️ Sectors: AgriTech, FoodTech, ClimateTech
🔍 Description: Innovafeed produces sustainable insect-based ingredients derived from black soldier fly (Hermetia illucens) larvae for animal nutrition, pet food, and agricultural applications. The company operates one of the world's largest insect protein production facilities and focuses on reducing dependence on traditional marine and agricultural feed resources.
💻 Website: https://www.innovafeed.com
📍 HQ City: Paris
🧗 Round: Growth Equity
💰 Amount Raised: €51M
🏦 Investors: Creadev, Qatar Investment Authority, Temasek, French Future Champions, ABC Impact, ADM
👨💼👩💼 Founders: Aude Guo, Bastien Oggeri, Clément Ray
🗞️ News: Innovafeed has secured €51 million in new financing to support the next phase of its development after successfully completing the industrialization of its insect-protein platform. The company announced that its flagship production site in Nesle is now fully operational, having produced more than 15,000 tons of insect protein and oil while increasing production volumes tenfold and reducing production costs by a factor of seven. Revenues have doubled annually, supported by growing demand for its Hilucia™ ingredient range in aquaculture and pet food markets. The funding will be used to accelerate commercial deployment of its products, expand applications and product offerings, invest in industrial equipment, and optimize production capacity. As part of this transition from industrial scale-up to commercial growth, Innovafeed is consolidating activities at its Nesle site and reorganizing operations, including integrating R&D activities from Gouzeaucourt and a planned reduction of approximately 60 positions. The company positions its insect-based ingredients as a scalable, commercially viable solution for more sustainable food and feed systems, delivering carbon emission reductions of 70% to 90% compared with conventional alternatives through its circular production model.
📇 Company: Innovorder
🏷️ Sectors: FoodTech, SaaS, Artificial Intelligence
🔍 Description: Innovorder develops an all-in-one SaaS platform for restaurant digitalization, covering order management, payments, kitchen operations, business management, customer loyalty, and AI-powered analytics for both commercial and contract catering operators.
💻 Website: https://www.innovorder.com
📍 HQ City: Paris
🧗 Round: Growth Equity
💰 Amount Raised: €20M
🏦 Investors: UL Invest, Evolem
👨💼👩💼 Founders: Jérôme Varnier, Romain Melloul, Olivier Loverde
🗞️ News: Innovorder has raised €20 million in a financing round led by UL Invest, the family office of entrepreneur Laurent Useldinger. The transaction combines new capital with the buyout of shares from historical investors, while Evolem remains a shareholder. Founded in 2014, Innovorder has become a leading French restaurant software provider, serving both commercial catering brands and major contract catering groups, including Sodexo, Elior, Compass, and API Restauration. The company plans to use the funding to accelerate its European expansion strategy, pursue targeted acquisitions, and strengthen its AI-first transformation. Innovorder has already deployed AI agents through its proprietary Atlas platform to automate restaurant operations and enhance decision-making. Active in France, Morocco, Spain, and Italy, the company aims to become the European leader in restaurant digitalization by 2030. Profitable since 2024, Innovorder reports 40% annual organic growth and expects to reach €15 million in revenue by 2026. | EU Startups
📇 Company: NP Co.
🏷️ Sectors: Artificial Intelligence, DeepTech
🔍 Description: NP Co. develops AI foundation models for industrial simulation, enabling engineering teams to run complex physics simulations in seconds rather than days or weeks. Its technology applies transformer architectures to fluid dynamics and industrial engineering problems, helping manufacturers accelerate product design and innovation.
💻 Website: https://augursim.ai/
📍 HQ City: Paris
🧗 Round: Pre-Seed
💰 Amount Raised: €6M
🏦 Investors: Partech, Guillaume Lample, Cédric O, Peugeot Family Office, Florian Douetteau, Vincent Luciani
👨💼👩💼 Founders: Emmanuel Menier, Matthieu Nastorg
🗞️ News: NP Co. has raised €6 million in a pre-seed round led by Partech to develop AI-powered industrial simulation models that dramatically reduce the time required for engineering calculations. Founded in 2025 by former industrial simulation researchers Emmanuel Menier and Matthieu Nastorg, the company aims to bring foundation-model capabilities to heavy industry, aerospace, manufacturing, and defense applications. The startup's technology applies transformer-based AI architectures to industrial physics simulations, allowing engineers to evaluate thousands of design alternatives in the time it traditionally takes to run a single simulation. NP claims it has already demonstrated simulation speedups of up to 1,000x on industrial benchmarks, with a roadmap toward 50,000x acceleration for large-scale engineering assemblies. The company is developing pre-trained physics foundation models that reduce the amount of customer-specific data required for deployment, making advanced simulation capabilities more accessible to industrial organizations. Its platform is designed to operate directly on customers’ infrastructure, an important requirement for sensitive sectors such as aerospace and defense. The new funding will be used to expand NP’s commercial team, deepen development of its pre-trained simulation models, strengthen industrial partnerships, and recruit AI researchers and engineers specializing in both machine learning and physics. The company ultimately aims to build automated engineering design tools and real-time industrial simulation systems. Positioning itself as a European AI champion, NP is focusing initially on strategic industries across France and Europe, where sovereignty, industrial reshoring, and defense modernization are driving demand for advanced engineering technologies. | The French Tech Journal
📇 Company: noa
🏷️ Sectors: FitnessTech, HealthTech, Artificial Intelligence
🔍 Description: noa is a premium digital wellness startup developing personalized fitness and Pilates applications. The company focuses on structured, long-term coaching experiences that combine fitness, design, and technology to improve user engagement and outcomes.
💻 Website: https://www.noa.fit
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €5M
🏦 Investors: Founders Future, Kima Ventures, Drysdale, Eden, Intuition, Business Angels
👨💼👩💼 Founders: Guillaume Sztejnberg, Shreyas Rajagopalan, Jason Akakpo
🗞️ News: noa has raised €5 million to launch its next-generation fitness and Pilates platform and build what it describes as a new standard for digital wellness. Founded in 2025, the company aims to move beyond traditional fitness apps that serve as content libraries by offering structured training journeys that guide users toward long-term goals through progressive coaching. The startup’s first product is a premium fitness and Pilates application featuring programs designed by international coaches specializing in Pilates, cardio, and strength training. The experience is inspired by boutique fitness studios and emphasizes personalization, coaching quality, design, and user engagement. Initially designed around women's needs while remaining inclusive of all users, the platform eliminates the need to choose from hundreds of workouts by automatically providing personalized training plans and progression paths. The founding team brings significant experience in consumer mobile applications, having previously built AppTurbo and Green Panda Games, which surpassed 800 million downloads before being acquired by Ubisoft in 2019. The new funding will be used to expand the team and broaden noa’s wellness ecosystem beyond fitness, with planned launches in nutrition, meditation, sleep, and women’s health tracking. The company’s long-term ambition is to become a global leader in digital fitness and wellness.
📇 Company: Upstream
🏷️ Sectors: Artificial Intelligence, SaaS
🔍 Description: Upstream is building an AI-native email platform designed for both humans and AI agents. The company transforms the inbox into a collaborative workspace where AI agents can manage workflows, draft responses, schedule meetings, retrieve information, and coordinate actions across teams.
💻 Website: https://www.upstream.do/
📍 HQ City: Paris
🧗 Round: Pre-Seed
💰 Amount Raised: €2.61M
🏦 Investors: Y Combinator, Connect Ventures, and more than 30 founders and operators from companies including Algolia, Asana, Framer, Webflow, and Alan. Notable angel investors include Koen Bok and Jorn van Dijk (Framer), Nicolas Dessaigne and Julien Lemoine (Algolia), Linda Tong (Webflow), Jean-Charles Samuelian-Werve and Charles Gorintin (Alan), and Roxanne Varza.
👨💼👩💼 Founders: Louis Lecat, Jonathan Tiret
🗞️ News: Upstream has emerged from stealth with a $3 million pre-seed round and the launch of what it describes as the first inbox built simultaneously for humans and AI agents. Founded in 2023 and based at Station F in Paris, the company aims to rethink email as a collaborative environment where teams of people and AI agents can work together rather than simply using AI assistants to draft emails. The platform enables AI agents to automatically sort messages, prepare responses in a user's writing style, schedule meetings, retrieve information from previous conversations, send follow-ups, and coordinate workflows across teams. Upstream also integrates contextual information from calendars, meeting notes, and knowledge bases, and supports external AI systems via protocols such as MCP. CEO Louis Lecat previously served as Head of Product at Algolia, helping scale the company beyond $100 million in ARR, and earlier worked on Asana’s product team during its growth phase. Co-founder Jonathan Tiret previously served as VP of Engineering at legaltech company Doctrine and is also known for creating the popular French game Dino Gaïa. Thousands of users have already tested the platform during its invite-only beta. According to the company, some users have reduced the time spent managing email from more than an hour per day to around fifteen minutes through workflow automation and AI-powered coordination. The new funding will be used to accelerate product development, expand integrations, and continue building an AI-native productivity platform inspired by modern software products such as Linear, Arc, and Granola. Upstream is betting that as AI agents become increasingly embedded into workplace operations, email will evolve from a communication tool into a critical infrastructure layer for human-agent collaboration. | TechFundingNews
📇 Company: Drotek
🏷️ Sectors: Drones, Robotics
🔍 Description: Drotek designs and manufactures professional drones and proprietary swarm-flight software for drone light shows. The company provides an integrated offering covering drone production, show creation, regulatory support, rental, technical support, and after-sales services.
💻 Website: https://www.drotek.com
📍 HQ City: Avignonet-Lauragais
🧗 Round: Growth Equity
💰 Amount Raised: Undisclosed
🏦 Investors: Re-Sources, Grand Sud-Ouest Capital
👨💼👩💼 Founders: Jérôme Perin
🗞️ News: Drotek has opened its capital to Re-Sources and Grand Sud-Ouest Capital to accelerate its next phase of growth in the rapidly expanding drone light show market. Founded in 2012, the company develops and manufactures professional drones and proprietary swarm-flight software used for large-scale aerial entertainment events. The company has experienced strong commercial momentum, nearly doubling revenue between 2024 and 2025 to reach approximately €8 million. Drotek reports producing more than 1,000 drones per month, supporting over 5,000 drone shows worldwide, and serving more than 50 customers globally. The new investment will be used to strengthen R&D capabilities, increase production capacity, support organizational scaling, and accelerate international expansion. A key priority is North America, where Drotek has already established Drotek Inc. in Orlando, Florida, to serve U.S. customers and partners. Drotek’s flagship IO Star 3 drone and vertically integrated business model have helped position the company as a leading player in the drone entertainment sector. The company emphasizes maintaining industrial production and technological know-how in France while expanding globally. Management, led by Jérôme Perin and Olivier Chenoz, retains majority ownership and operational control of the business. The company is benefiting from a rapidly growing market, with global drone light show revenues projected to exceed $1.5 billion by 2031, driven by increasing adoption across public events, advertising, brand activations, and corporate experiences. | Gazette du Midi
📇 Company: Primomanda
🏷️ Sectors: PropTech, SaaS
🔍 Description: Primomanda operates a technology platform dedicated to exclusive real estate mandates, connecting property sellers with real estate agents through a proprietary matching and scoring infrastructure. The company combines marketplace and SaaS models to optimize mandate distribution and agent selection.
💻 Website: https://primomanda.fr
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €600K
🏦 Investors: Patrick Dalsace, Thierry Herrmann, Stéphane Le Guen, Christian Terrassoux, Tatiana Terrassoux, Business Angels
👨💼👩💼 Founders: Benjamin Leiba, Benjamin Mechaly
🗞️ News: Primomanda has raised €600,000 to accelerate the development of its platform focused on exclusive real estate mandates. The startup aims to modernize the allocation of residential property listings to agents by combining data-driven matching, mandate scoring, project qualification, recommendation algorithms, and pricing optimization. The platform enables sellers to submit their real estate projects while receiving an immediate premium for granting exclusivity. In parallel, agents invest financially to access and commercialize these mandates. Primomanda’s model seeks to align incentives between sellers and agents while improving transparency and efficiency in mandate allocation. Founded less than two years ago, the company reports publishing around 100 new mandates per month, working with approximately 50 active partner agents, and achieving an average sales cycle of 48 days. Agents from networks including Arthurimmo.com, OXIA, Human Immobilier, and Courtois are already using the platform. Alongside the funding round, Primomanda signed a national partnership agreement with Arthurimmo.com and appointed well-known real estate entrepreneur Thibault Chanel as an ambassador. The new capital will be used to strengthen the company’s technology stack, further develop its scoring and matching algorithms, expand its national footprint, and recruit additional partner agents. Primomanda’s long-term ambition is to industrialize the distribution of real estate mandates at scale and become a data-driven infrastructure layer for residential property transactions. | J'aime les startups
📇 Company: Tiva
🏷️ Sectors: SportsTech, HealthTech
🔍 Description: Tiva develops performance-focused cosmetic products designed to improve athletic performance, including grip-enhancing gels, waxes, and sports sunscreen products used by professional and amateur athletes.
💻 Website: https://tiva.care
📍 HQ City: Paris
🧗 Round: Pre-Seed
💰 Amount Raised: €525K
🏦 Investors: Apex, Elina Svitolina, Eno Polo, Lars Jonker, Alberto Uncini Manganelli, Momentous Ventures, Business Angels
👨💼👩💼 Founders: Louis Cossart, Amaury Obadia
🗞️ News: Tiva has raised more than $600,000 in a pre-seed round at an approximately $4 million post-money valuation. The round was led by Portugal-based investment firm Apex and included participation from Ukrainian tennis star Elina Svitolina, who also joined the company as both an ambassador and investor. Founded by Louis Cossart and Amaury Obadia, Tiva is pioneering what it calls the "performance cosmetics" category, developing products that help athletes improve performance rather than focusing on traditional beauty applications. Its flagship products include a grip-enhancing gel and wax designed to prevent slipping caused by sweat during sports such as tennis, padel, golf, and fitness training. The company has gained traction among both elite and recreational athletes and secured distribution through Intersport stores across France. Tiva currently has products available in around 60 retail locations and plans to expand to more than 200 outlets. The new funding will support retail expansion across France, entry into Spain, Italy, and Portugal, and the launch of a new sunscreen product targeting France’s pharmacy channel. Tiva aims to surpass €1 million in revenue in 2026 and is exploring expansion into the U.S. market by 2027. Svitolina, currently ranked among the world's top female tennis players, has integrated Tiva’s products into her training and competition routine and will help promote the brand globally through her audience of more than two million followers across social platforms. The company’s long-term ambition is to establish performance cosmetics as a new consumer category at the intersection of sports, wellness, and personal care, positioning itself as a performance-focused equivalent of major cosmetics brands. | Sportico
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