France Newsletter

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  • Alven Capital raises $261 million fund to invest in French entrepreneurs

    Alven Capital raises $261 million fund to invest in French entrepreneurs

    French VC firm Alven Capital has been around since 2000 and has become a major player in the VC scene in Paris. The firm recently closed a brand new $261 million fund called Alven V (€250 million), which is a big step up as Alven IV was only a $125 million fund (€120 million). Over the years, the firm has managed to invest in many successful startups led by French entrepreneurs. Alven… Read More

  • Molotov activates the cloud DVR feature and raises $23.3 million

    Molotov activates the cloud DVR feature and raises $23.3 million

    French startup Molotov launched five months ago, but a key feature had yet to go live. Molotov users can now bookmark TV shows and movies in the cloud so that they can watch them later. That’s not all, the startup has also raised $23.3 million (€22 million). I’ve already written quite a few words about Molotov, but it’s worth reiterating that it’s the best way to watch… Read More

  • Startup studio eFounders raises $5.3 million because it can’t get enough of SaaS

    Startup studio eFounders raises $5.3 million because it can’t get enough of SaaS

    European startup studio eFounders is raising an additional $5.3 million (€5 million) from entrepreneurs and family offices. eFounders has been behind some very promising software-as-a-service startups, providing human and financial resources for the first year or so before the startups can go and do great things on their own. In exchange, the startup studio takes a significant portion of… Read More

  • Partech Ventures closes its $107 million seed fund

    Partech Ventures closes its $107 million seed fund

    French VC firm Partech Ventures announced that they closed their seed fund of $107 million (€100 million) for early stage startups. Partech Entrepreneur II is focusing on seed rounds, and the firm plans to invest in 80 different startups. The firm already announced the creation of the seed fund 18 months ago. At the time, Partech had $65 million (€60 million) under management. So it looks… Read More

  • Wynd grabs $31.7 million for its point-of-sale solution

    Wynd grabs $31.7 million for its point-of-sale solution

    French startup Wynd has raised a $31.7 million Series B round (€30 million) from Sodexo Ventures and Orange Digital Ventures, with Bpifrance also participating. Orange Digital Ventures had already invested in the Series A round with Alven Capital. Wynd is working on a software-as-a-service solution to replace your existing point-of-sale service that you use in your restaurant or… Read More

  • Agricool harvests $4.3 million to grow fruits and vegetables in containers

    Agricool harvests $4.3 million to grow fruits and vegetables in containers

    French startup Agricool has raised $4.3 million (€4 million) from newly launched VC firm Daphni as well as Parrot founder Henri Seydoux and Captain Train (acquired by Trainline) co-founder Jean-Daniel Guyot. Agricool’s product is quite unusual as the company wants to grow strawberries and later other fruits and vegetables inside shipping containers. With many people moving to… Read More

  • Prynt grabs $7 million for its photo-printing phone case

    Prynt grabs $7 million for its photo-printing phone case

    Prynt just raised a $7 million Series A round led by GGV Capital. Prynt turns your smartphone into a Polaroid camera thanks to a phone case that can print instant photos. In addition to the hardware component, Prynt also has a nifty app that lets you scan photos to view short video clips. The Prynt phone case started as a popular Kickstarter project, raising more than $1.5 million. You can… Read More

  • Lima beefs up its Dropbox alternative with the $129 Lima Ultra

    Lima beefs up its Dropbox alternative with the $129 Lima Ultra

    Meet the Lima Ultra, a tiny device that lets you create a personal cloud and control your data more easily. Think about it as a Dropbox alternative with data sitting on a hard drive in your home. The Lima Ultra is a new and improved version of the original Lima. It’s more powerful and you can expect a big performance boost. The idea behind the Lima Ultra is still the same. It’s a… Read More

  • Afrostream launches its video streaming service in 24 new countries

    Afrostream launches its video streaming service in 24 new countries

    As the name suggests, Afrostream is like Netflix for African, African-American, and Caribbean films and series. Backed by Y Combinator, the service is launching in many different countries today, mostly in Africa. And yet, Afrostream isn’t limited to Africa as many people around the world can enjoy Afrostream. “When I was a kid, for a long time, I was looking for role models on TV… Read More

  • Dataiku grabs $14 million for its collaborative data science platform

    Dataiku grabs $14 million for its collaborative data science platform

    French startup Dataiku has been profitable for the past three years. But the company wants to go further and is raising a $14 million Series A round led by FirstMark Capital with all existing investors also investing. Dataiku helps data scientists and data analysts manage huge sets of data to get some insights about what’s happening with their customers, suppliers, transactions and more. Read More

  • OpenDataSoft raises $5.4M to turn data into APIs

    OpenDataSoft raises $5.4M to turn data into APIs

    French startup OpenDataSoft just raised a $5.4 million Series A round (€5 million) to make it easier to manipulate huge sets of data. Aster Capital and Salesforce Ventures invested in today’s round, with existing investor Aurinvest also participating and Ader Finance helping with the deal. Interestingly, this is one of the first investments in a French startup from Salesforce… Read More

  • Ibanfirst grabs $11 million to expand beyond foreign exchange services

    Ibanfirst grabs $11 million to expand beyond foreign exchange services

    French startup Ibanfirst is launching its full-fledged banking service for companies. The startup was previously known as FX4BIZ, a sort of TransferWise for business transactions. The company just raised $11 million (€10 million) from Xavier Niel and others. Ibanfirst plans to go much further than being a foreign exchange service. The initial idea behind Ibanfirst is quite simple. Many… Read More

  • VC firm Daphni announces its first $165 million fund

    VC firm Daphni announces its first $165 million fund

    Paris-based VC firm Daphni is announcing its inaugural fund for seed and Series A investments. The team will manage a $165 million fund (€150 million) and try some new things when it comes to venture capital in Europe. On paper, Daphni looks like many other funds. A bunch of limited partners have given a big pile of money so that a team of tech-savvy people can invest everything in startups. Read More

  • Netatmo launches an indoor climate monitor

    Netatmo launches an indoor climate monitor

    Netatmo’s first device was a sophisticated weather station. But it’s not for everyone. Chances are you don’t need to know the historical trend when it comes to the humidity in your house. That’s why the company is releasing the Healthy Home Coach, an indoor device that lets you see stats about your home at a glance. In many ways, the Healthy Home Coach looks similar to… Read More

  • Payfit grabs $5.6 million to manage French payrolls

    Payfit grabs $5.6 million to manage French payrolls

    French startup Payfit wants to modernize the good old paychecks in France. After just a few months, the company just raised $5.6 million (€5 million) from Otium Venture and Xavier Niel. Payfit officially started in April 2016. And it looks like many companies were waiting for a product like this one given today’s funding round. Geoffroy Roux de Bézieux, Jean-Daniel Guyot, Oleg… Read More

  • Side matches students with companies for short-term jobs

    Side matches students with companies for short-term jobs

    Meet Side, a French startup that until recently was called WeSlash. Side is a marketplace for short-term jobs. Companies may need a few extra hands for a few days or weeks, and students may want to work on the side to make a bit of money or gain experience — Side fills this need and raised $1.5 million (€1.3 million) from Connect Ventures, Fly Ventures, Kima Ventures and… Read More

  • Lydia grabs $7.8 million for its peer-to-peer payment service

    Lydia grabs $7.8 million for its peer-to-peer payment service

    French startup Lydia raised $7.8 million (€7 million) from New Alpha AM and Oddo & Cie in order to expand to other European countries. The startup lets you easily pay back your friends without any fee using a mobile app — among other things. Think about it as a sort of Venmo for France. While Lydia has only been available in France, with today’s funding round, the company… Read More

  • Zenly raises $22.5 million from Benchmark for its location-sharing app

    Zenly raises $22.5 million from Benchmark for its location-sharing app

    French startup Zenly has raised $22.5 million over the summer from Benchmark and a few other investors. Business Insider first reported the round and TechCrunch got an official confirmation. Here’s what we know. Benchmark is leading the round with Peter Fenton joining the board of the company. Fenton has invested in a few social network companies and also is a board member of Twitter. Read More

  • StarOfService raises $10 million for its service marketplace

    StarOfService raises $10 million for its service marketplace

    French startup StarOfService just raised another $10 million for its European Thumbtack alternative. Andrea Piccioni and Silvio Pagliani, ENERN Investments and Point Nine Capital participated in today’s round, as well as various business angels. When I first covered StarOfService, the company didn’t even try to hide from me that it was a Thumbtack copycat. The main difference is… Read More