French startups raise record-breaking €73.8M in one week
October 20-26 is a record-breaking week for French startups with €73.8 million raised among nine French startups, according to a report by Maddyness.
“With 73.8 million euros raised, this is the best performance recorded in a month,” reports Maddyness, adding that not one transaction was under the 1 million euro mark this week.
Medtech startup Padoa, which develops a solution to promote health at work, has distinguished itself this week with €20 million raised just two years after its creation. The French startup will take the opportunity to double its workforce and accelerate its commercial development.
Biotech startup Acticor, which develops treatments for the acute phase of thrombotic diseases, has raised €15.3 million, and Invectys, which seeks to cure chronic lymphocytic leukemia, has completed a round of €15 million.
Super-resistant smartphone manufacturer CrossCall also distinguished itself, raising €12 million.
Here is the breakdown of the nine French startups that raised a combined €73.8 million this week:
Padoa: €20 Million
Padoa is a global and innovative solution that reinvents health at work by freeing up time for each actor and valuing truly exploitable data.
Acticor: €15.3 Million
Acticor is a biopharmaceutical company, founded in 2013 as a spin-off of Inserm (Paris, France), developing an innovative drug for the treatment in the acute phase of ischemic stroke.
Invectys: €15 Million
Invectys is a biopharmaceutical company focused on the development of innovative immunotherapy approaches to treat cancer.
Crosscall: €12 Million
Crosscall offers tough, waterproof mobile phones and smartphones, with long-lasting batteries.
Magnisense: €5 Million
Magnisense designs, develops and commercializes diagnostic tests for cardiovascular diseases using its proprietary MIAtek® technology and instrument.
Volta Medical: €2.3 Million
Volta Medical is a med-tech company that develops artificial intelligence algorithms for interventional cardiologists.
SailEazy: €1.7 Million
SailEazy proposes short and long-term self-service sailboat rentals, with or without your own skipper, as well as excursions into the Calanques.
Hub-Grade: €1.5 Million
Hub-Grade is a digital real estate agent dedicated to startups, small businesses and SMEs that connects unused spaces with professionals looking to rent premises that match their needs, accompanied by services.
Braineet: €1 Million
Braineet is the first platform that allows you to share your ideas with your favorite brands. Help them to improve their products and services and co-create the innovations of tomorrow.