The fundraises that actually matter.
72 funding rounds analysed by the team that structures B2B scale-up growth day in, day out — senior leadership, channel experts, AI agents in production. Critical reading, zero copied press releases.
SciFin
SciFin came out of stealth with $44M and a thesis: the revenue stack was built on data salespeople never wanted to enter. Its VP of Marketing breaks down “context convergence”.
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GMNSM
GMNSM raises $2M from VEYRA Capital to open in Riyadh and Monaco. Founder Andrej Kuprejev breaks down a model where jiu-jitsu is only half the product, and growth runs on word of mouth.
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Flowt
Flowt raises $550K to show that the real barrier to financing African SMEs isn’t capital, but trust and visibility into payment cycles.
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Hermetiq
Hermetiq raised $2.2M in seed funding to fix the builds that AI-generated code keeps breaking. The far less documented story is the distribution question underneath it.
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Pasqal
The first French quantum company to list on the Nasdaq, Pasqal completes its IPO with $360M available and a $2 billion valuation. What changes for the sector.
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The Exploration Company
The Exploration Company is in talks to raise $300M from Bessemer Venture Partners and Atomico, at a valuation of over $2 billion — a strong signal for the European new space sector.
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Carsup
Carsup, the Orléans-based car concierge service specializing in exceptional vehicles, closes a €12M third funding round with the Ferrari family. €25M raised since 2019, targeting €30M in revenue this year.
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Finovox
Finovox raises 8.2 M€ in a Series A led by TX Ventures to expand its document fraud detection platform into Spain and the United Kingdom. The startup has 70 clients across 15 countries.
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ENGO
ENGO, a Grenoble-based spin-off of MicroOLED, raises €5.1M with Ventech to further miniaturize its sports AR glasses — 38.5 g, 20h battery life, 90% of revenue from international markets.
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Gradium
Gradium, a Paris-based spinoff from the Kyutai lab, has raised its seed to over $100M with NVIDIA as a new investor. What this signal says about the global voice AI market in 2026.
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Naaia
Naaia raises €6M from Ventech to help large enterprises comply with the AI Act. The Paris-based startup, founded in 2022 by three lawyers and a digital expert, targets CAC 40 companies and mid-caps facing AI regulatory obligations.
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Skello
Skello raises 200 M€ with Bridgepoint leading the round. The Paris-based HR tech company, profitable since 2025, is targeting European consolidation of the HR software market for frontline teams.
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Flease
The Lyon-based startup Flease raises €13M from Partech Impact to roll out its flexible leasing of refurbished vehicles to French SMEs and large companies.
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Tsuga
Tsuga raises $35M in a Series A led by Singular. The Paris-based AI-native observability startup, founded by two Datadog alumni, deploys its telemetry in the customer's cloud.
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Sopht
Founded in 2021 by two former Capgemini executives, Sopht raises €7.5M to unify IT observability, reduce cloud costs, and manage the carbon footprint of large enterprises.
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Alan
Alan closes a €480M round led by Prosus, bringing its valuation to €5.5 billion. The Paris-based insurtech reports €787M in ARR (+54% year over year) and is setting its sights on international expansion.
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Green-Got
Sustainable fintech Green-Got raises €8M in 52 minutes on Crowdcube, a record for the platform. What this community round reveals about the green neobank in 2026.
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Linc
Linc raises €8.5M to modernize payroll for French accounting firms. Headline and Resonance are leading the round. Target: 500 clients and €5M in ARR within 18 months.
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Green-Got
Green-Got closes €8M in 52 minutes on Crowdcube, a European record. The third campaign for the sustainable neobank founded in 2020, which aims to reach profitability within 18 to 24 months.
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Morpho
Morpho raises $175M led by Paradigm, a16z crypto and Ribbit Capital, at a valuation of up to $2B. A closer look at a round that says a lot about on-chain credit.
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Mistral AI
Mistral AI is in talks to raise €3 billion, which would double its valuation to €20 billion. A strong signal for European AI — and a bet on compute infrastructure.
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Mendo
French startup Mendo raises 12 M€ in a Series A led by Ventech to accelerate generative AI adoption in large enterprises — 100+ clients, 100 000 employees trained.
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Alta Ares
The French defense startup Alta Ares raises €50 million in Series A funding to industrialize its anti-drone interceptors, already combat-tested in Ukraine.
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Eclipse
Eclipse raises €20M in Series A funding with BNP Paribas to accelerate the rollout of stationary batteries in France, Belgium and Spain through its Flowstream optimization platform.
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Innovorder
Innovorder closes €20M with UL Invest to accelerate its acquisitions in Europe and deploy AI agents in commercial and institutional catering.
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Quobly
Quobly raises €115M in Series A funding, with STMicroelectronics and Air Liquide joining the cap table. A breakdown of the silicon bet and the signal it sends to the French quantum sector.
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Noa
The founders of AppTurbo and Green Panda Games are launching Noa, a premium fitness and Pilates app targeting women. €5M raised in seed funding from Founders Future, Kima Ventures, and several business angels from the mobile industry.
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MokN
MokN raises $15M in Series A with GV (Google Ventures) to industrialize its phish-back technology: fake portals that trap attackers and neutralize stolen credentials before an intrusion.
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Prelude
Two Zenly alumni raise $20M to replace traditional CAPTCHAs and OTPs with a continuous trust infrastructure, as AI makes onboarding fraud easier than ever.
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Pivot
Founded in 2023 by alumni of Qonto and Swile, Pivot raises $40M in Series B funding to replace legacy procurement tools with agentic AI that tracks spend before the books close.
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