> ## Content Index > Fetch the complete content index at: https://www.frenchtechjournal.com/llms.txt > Use this file to discover other available public pages before exploring further. # French Tech Funding Wire May 16: Tinubu Square, Orasio, Riverse & More! - URL: https://www.frenchtechjournal.com/french-tech-funding-wire-may-16-tinubu-square-orasio-riverse-more/ - Published: 2025-05-17T14:56:52.000Z - Updated: 2025-05-17T14:56:52.000Z - Description: Other startups that raised a round between May 12 and May 16 include: Plakar, Alta Ares, and Legapass. - Author: Chris O'Brien - Tags: Funding News ***Want to reach an audience of more than 30,000 readers each month?*** ***The French Tech Journal is the leading English-language media platform covering France's dynamic tech ecosystem. With 31,000 + engaged readers across key global markets and consistently high engagement rates, our sponsorships provide unparalleled access to decision-makers in French tech.*** [Learn more about sponsorships](https://www.frenchtechjournal.com/contact/) --- # πŸ”₯πŸ”₯πŸ”₯πŸ”₯ πŸ“‡ **Company**: Tinubu Square πŸ” **Description**: Leading expert in trade credit risk management, providing solutions for financial institutions and insurance companies. πŸ’» **Website**: [http://www.tinubu.com](http://www.tinubu.com/?ref=frenchtechjournal.com) πŸ“ **HQ City**: Issy-les-Moulineaux πŸ§— **Round**: Growth Equity VC πŸ’° **Amount Raised**: €40.91 million 🏦 **Investors**: Morgan Stanley Expansion Capital πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό **Founders**: Jerome Peze, Olivier Placca πŸ—žοΈ **News**: [**Morgan Stanley**](https://www.morganstanley.com/im/en-us/institutional-investor/about-us/newsroom/press-release/tinubu-raises-45m-to-accelerate-specialty-insurance-saas-leadership.html?ref=frenchtechjournal.com), [**LinkedIn**](https://www.linkedin.com/feed/update/urn:li:activity:7327967234444713984/?ref=frenchtechjournal.com) --- ![](https://www.frenchtechjournal.com/content/images/2025/05/image-13.png) πŸ“‡ **Company**: Orasio πŸ” **Description**: Develops AI-powered video analysis software to detect, alert, and provide actionable insights for cities, homeland security forces, and businesses. πŸ’» **Website**: [https://www.orasio.com/](https://www.orasio.com/?ref=frenchtechjournal.com) πŸ“ **HQ City**: Paris πŸ§— **Round**: Seed πŸ’° **Amount Raised**: €16 million 🏦 **Investors**: Global Founders Capital, Frst Capital, Expeditions Fund πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό **Founders**: Florian Fournier, Arnaud Delaunay, Fabio Gennari πŸ—žοΈ **News**: [**LinkedIn**](https://www.linkedin.com/company/orasio/posts/?feedView=all&ref=frenchtechjournal.com)**,** [**Sifted**](https://sifted.eu/articles/payfit-cofounder-orasio-defence?ref=frenchtechjournal.com) --- πŸ“‡ **Company**: Riverse πŸ” **Description**: Provider of a carbon credit certification platform tailored for industrial decarbonization projects, including biogas, equipment reconditioning, and bio-based construction materials. πŸ’» **Website**: [https://www.riverse.io](https://www.riverse.io/?ref=frenchtechjournal.com) πŸ“ **HQ City**: Paris πŸ§— **Round**: Seed πŸ’° **Amount Raised**: €5 million 🏦 **Investors**: Alven, RacineΒ² (managed by Serena and Makesense), Speedinvest, Kfund πŸ‘¨β€πŸ’Ό **Founders**: GrΓ©goire Guirauden, ClΓ©ment Georget, Ludovic Chatoux πŸ—žοΈ **News**: [**Maddyness**](https://www.maddyness.com/2025/05/15/riverse-leve-5-millions-deuros-pour-epauler-les-industriels-sur-le-marche-des-credits-carbone/?ref=frenchtechjournal.com) --- πŸ“‡ **Company**: Plakar πŸ” **Description**: Developer of an open-source backup and restore platform designed for AI and cloud-native workloads, offering deduplication, encryption, and structured data storage. πŸ’» **Website**: [https://plakar.io](https://plakar.io/?ref=frenchtechjournal.com) πŸ“ **HQ City**: Paris πŸ§— **Round**: Pre-Seed πŸ’° **Amount Raised**: €2.67 million 🏦 **Investors**: Seedcamp, HelloWorld, IrregularExpression, Galion.exe, Kima Ventures, OPRTRS; angel investors including Olivier Pomel (Datadog), Solomon Hykes (Docker), and Alexandre Yazdi (Voodoo) πŸ‘¨β€πŸ’Ό **Founder**: Julien Mangeard πŸ—žοΈ **News**: [**BusinessWire**](https://www.businesswire.com/news/home/20250515030023/en/Plakar-raises-%243M-from-Seedcamp-to-Launch-AI-Ready-Open-Source-Backup-Platform?ref=frenchtechjournal.com) --- ![](https://www.frenchtechjournal.com/content/images/2025/05/image-15.png) πŸ“‡ **Company**: Alta Ares πŸ” **Description**: AI-driven drone detection solution enhancing operational efficiency in military and industrial sectors. πŸ’» **Website**: [http://altaares.com](http://altaares.com/?ref=frenchtechjournal.com) πŸ“ **HQ City**: Romainville πŸ§— **Round**: Seed πŸ’° **Amount Raised**: €2 million 🏦 **Investors**: Kima Ventures, Starburst Accelerator, Better Angle, Expansion Ventures, Samuel Dralet, Apok Invest, Apeiron Venture Capital, Durandal Capital πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό **Founders**: Hadrien Canter, Stanislas Walch, ThΓ©o Bondarec, Hadrien Bernard, Alain Henry πŸ—žοΈ **News**: [**FrenchWeb**](https://www.frenchweb.fr/alta-ares-leve-2-millions-deuros-pour-industrialiser-son-ia-embarquee-au-service-des-forces-armees/454298?ref=frenchtechjournal.com), [**Maddyness**](https://www.maddyness.com/2025/05/12/guerre-en-ukraine-la-startup-francaise-alta-ares-et-son-ia-embarquee-levent-2-millions-deuros/?ref=frenchtechjournal.com) --- πŸ“‡ **Company**: Legapass πŸ” **Description**: Secures the transmission of digital legacy, ensuring secure and encrypted transfer of digital assets. πŸ’» **Website**: [http://legapass.com](http://legapass.com/?ref=frenchtechjournal.com) πŸ“ **HQ City**: Nice πŸ§— **Round**: Early VC πŸ’° **Amount Raised**: €1.2 million 🏦 **Investors**: Techmind VC, Adnexus πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό **Founders**: Jean-Charles Chemin, Adelina Prokhorova πŸ—žοΈ **News**: [**Fintech Planet**](https://www.planet-fintech.com/Le-fonds-d-investissement-Adexus-renouvelle-son-soutien-a-Legapass%5Fa6134.html?ref=frenchtechjournal.com)