France

Lago, a Paris-based open source billing platform, banks $22M

A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing — a space it discovered was even more broken among potential c

As European dynamism gathers momentum, Elaia and partners double down with new deep tech fund

Elaia's third deep tech seed fund, DTS3, is double the size of the two previous funds, and signals the momentum that is forming around an emerging concept: European dynamism.

Kolet makes travel eSIM cards easier to navigate

Kolet is a new French startup created by four experienced co-founders in the French tech ecosystem who want to make it easier to stay connected when you travel. The company has crafted an interesting

French startup Nijta hopes to protect voice privacy in AI use cases

France-based startup Nijta, whose flagship product Voice Harbor anonymizes voices for AI, raised €2 million in funding from various sources, including deep tech VC fund Elaia.

Zama’s homomorphic encryption tech lands it $73M on a valuation of nearly $400M

Homomorphic encryption, a complex technique that uses cryptographic algorithms to keep data secure as it travels around networks and to third parties, continues to elude mass-market scalability and th

Flush with cash, French fintech unicorn Qonto acquires Regate

While many entrepreneurs are currently facing the harsh reality of a VC funding crunch, Qonto isn’t one of them. The Paris-based business banking startup still has hundreds of millions of cash on ha

NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter

Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s

Catalog is building the B2B commerce platform for small companies

When you think about commerce platforms, chances are the first names that come to mind are big names like Adobe Commerce or Salesforce Commerce Cloud. Large companies processing millions of orders alr

Vibe helps small companies buy video ads on streaming services

As streaming apps and services are gradually showing more ads to viewers, adtech startup Vibe plans to help small businesses take advantage of that trend by letting them access that ad inventory with

OpenCTI maker Filigran raises $16M for its cybersecurity threat management suite

Paris-based cybersecurity startup Filigran is capitalizing on the success of OpenCTI to build a suite of open source threat management products. That’s why the company recently raised €15 million

Microsoft made a $16M investment in Mistral AI

Yesterday, Mistral AI, a Paris-based AI startup working on foundational models, announced a new large language model that could rival OpenAI’s GPT-4, a chat assistant and a distribution partnership

Mistral AI releases new model to rival GPT-4 and its own chat assistant

Paris-based AI startup Mistral AI is gradually building an alternative to OpenAI and Anthropic as its latest announcement shows. The company is launching a new flagship large language model called Mis

Consolidation continues in micromobility as Cooltra snaps up Cityscoot

Paris’ commercial court has accepted Cooltra’s offer to acquire Cityscoot. These two companies provide shared electric mopeds that you can unlock and ride to go from one place to another. Cityscoo

Bioptimus raises $35 million seed round to develop AI foundational model focused on biology

There’s a new generative AI startup based in Paris. But what makes Bioptimus interesting is that it plans to apply everything we’ve collectively learned about AI models over the past few years wit

Planity raises $48 million because even hair salons need their own SaaS product

If you’ve ever traveled in rural areas in France, you may have realized a French peculiarity. Even in the seemingly less-populated towns, there’s a hair salon. French startup Planity has been taki

Google’s new AI hub in Paris proves that Google feels insecure about AI

This morning, Google’s CEO Sundar Pichai inaugurated a new hub in Paris dedicated to artificial intelligence. This hub is located in a newly renovated building near Google’s main office in Paris.

How a French health insurance unicorn plans to leverage AI to reach profitability

Alan’s meteoric rise in the French tech ecosystem has been both figurative and literal. A few years ago, the startup’s office was limited to one floor in a nondescript office building near the Can

Memorizer is a movie and book tracking app that also helps you find inspiration

There are quite a few apps that let you log the movies, TV shows and books that you have watched and read. Some of them are indie apps that take advantage of various online databases. Some of them, li

Accounting software startup Pennylane becomes France’s latest unicorn

Just like clockwork, Pennylane is raising another €40 million ($43 million at today’s exchange rate). This new funding round comes after the accounting startup raised €4 million in 2020, €15 m

Varsity is a new early-stage VC fund based in Paris

It’s not every day that a new VC firm comes out of stealth. This time, Varsity is announcing its first fund. Founded by a former Société Générale executive and two VC investors who worked at Ser
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