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French startups raised €588 million in September 2020

After the summer lull, September is always an intense month for fundraising. And this year is no exception, despite the fears that still remained a few months ago about the ecosystem’s ability to finance itself. Thus, French startups raised €587.78 million in September 2020, compared to €508 million in September 2019. The favourite sector for investors this month is retail, which took 62% of the funds raised (€366 million), followed by fintech (€48 million) and adtech / martech / publishers (€43 million).

Sectors raising the most funds in September 2020

Amount raised (in millions of euros) Share of total amount (%) Number of deals
Retail 365,83 62,2 14
Fintech 48,2 8,2 10
Adtech / Martech / Publishers 42,75 7,3 9
e-HR 36,7 6,2 8
Biotech 11,5 2,0 3
IoT 7,6 1,3 3
Mobility 7,4 1,3 3
Proptech 4,3 0,7 3
Other 63,5 10,8 23
Total 587,78 76

The biggest fundraising of the month, of the year, and even of the history of French start-ups is Mirakl. The company, which designs software for creating marketplaces, has raised $300 million (€255 million), which values it at more than $1.5 billion. The start-up plans to recruit 1,000 additional employees over the next three years, including 300 in France. Another big deal this month was Exotec, a manufacturer of robots for e-commerce logistics warehouses, which raised €77 million to export its automation technology outside France. The publisher of email marketing solutions Sarbacane closes the podium, with 23 million euros raised to continue European.

French start-ups raising funds in September 2020

Start-up Amount Investors Sector
Mirakl 255 Permira, 83North, Bain Capital Ventures, Elaia Partners, Felix Capital Retail
Exotec 77,2 83North, Iris Capital, Breega Retail
Sarbacane 23 IDI Adtech / Martech / Publishers
Descartes Underwriting 17,5 Serena, Cathay Innovation, BlackFin Capital Partners Fintech
Comet Meetings 15 Bpifrance, Idinvest Partners, HEC Ventures, business angels e-RH
Joone 10 Vaultier7, Alven Retail
Qobuz 10 Nabuboto, Quebecor Adtech / Martech / Publishers
Antaios 9,3 Innovacom, Applied Materials, Bpifrance, Sofimac Others
Yomoni 8,7 Weber Investissements, Crédit Mutuel Arkea Fintech
Yooji 7,5 Danone Manifesto Ventures, Capagro, Caravelle, Pymwymic, DS Participations, business angels Retail
Gleamer 7,5 XAnge, MACSF, Majycc eSanté Invest, Crista Galli Ventures, Elaia, Bpifrance, business angels Others
Medaviz 6 Groupama Loire Bretagne, Matmut, MBA Mutuelle, Bpifrance Others
SpaceFill 6 Idinvest Partners, La Famiglia VC, Financière Saint James, business angels Others
Imcheck Therapeutics 6 BB Pureos Bioventures Biotech
Swan 5 Creandum, Bpifrance Fintech
Supermood 5 Brighteye Ventures, Educapital, Citizen Capital, Alven Capital, 50 Partners, business angels e-RH
Cyclofix 5 Decathlon, Via ID Mobility
PandaScore 5 V13 Invest, Alven, KB Partners, aXiomatic Gaming Adtech / Martech / Publishers
Biodol Therapeutics 4,5 V-Bio Ventures, Bpifrance Biotech
Domalys 4,5 iXO Private Equity IoT
Garantme 4 NewAlpha, Axeleo, Bpifrance Fintech
Nutri & Co 4 Creadev, business angels Retail
Welcome at Work 4 Generis Capital Partners, Bpifrance e-RH
Totem 4 Samaipata Ventures, Tekton Ventures, Maki Ventures e-RH
Badakan 3,7 Onepoint, business angels e-RH
Share(d) (ex-Coot) 3,7 Family office, Bpifrance Others
reciTAL 3,5 Breega Others
Blueway 3,5 Capital & Management Partners Others
Per Angusta 3,2 Hi Inov, Kreaxi, Pléiade Venture, business angels Others
PowerZ 3 Educapital, Hachette Livre, business angels Adtech / Martech / Publishers
Kard 3 Founders Future, business angels Fintech
Alogia 3 business angels Others
La Bouche Rouge 2,5 Bpifrance, business angels Retail
ParaSwap 2,5 Coinfund, CoinGecko, Blockchain Capital, Lemniscap, Spartan Capital, CMS Holdings, Arrington XRP Capital, Woodstock Fund, Jarvis Network, DeFiance Capital, business angels Fintech
Kaliz 2,3 Bpifrance, business angels Proptech
Leocare 2,2 Bpifrance, business angels Fintech
Limatech 2,2 Finple Others
Smartpush 2,1 Truffle Capital, Région Sud Investissement Fintech
WeeM 2,1 business angels IoT
Oso-AI 2 Innovacom, Novinvest Partners, Breizh Up Others
Pricing Hub 2 Elaia, Lafayette Plug and Play Retail
Zei 2 Bpifrance, Founders Future, business angels Others
MagicPallet 2 Demeter, Irdi Soridec Gestion, Qair Innovation, AMBA Invest Retail
Alenvi 2 Phitrust, NovESS, 123 IM Impact Senior Others
Maria Schools 2 Crédit Mutuel Innovation, business angels e-RH
Maria Schools 2 Crédit Mutuel Innovation, business angels e-RH
Multis 2 White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One, Digital Currency Group Fintech
Cuure 1,8 Kima Ventures, Newfund Retail
Squiz 1,8 One Création, Maif Investissement Social et Solidaire Others
Syroco 1,4 Business angels Mobilities
SportRIZER 1,2 business angels Others
Odit-e 1,2 SICAE de la Somme et du Cambraisis, Crédit Agricole Alpes Développement Others
TwicPics 1,2 50 Partners, Holnest, business angels Others
1,2 Vol-V, business angels Retail
Fintel 1,2 OneRagtime, business angels Fintech
Arskan 1,2 JEMFI, Pulsalys, Bpifrance Others
New Deal 1 business angels e-RH
Wintics 1 Ardian, business angels Mobilities
BioInspir 1 TF Participations Biotech
Patrivia 1 business angels Retail
Apimo 1 Akiles Proptech
Swallis Medical 1 Irdi Soridec Gestion IoT
Colette 1 Business angels Proptech
Escape Technologies 0,85 Frst, business angels Others
Brothers Loving Beer 0,7 Karot Capital Retail
The Artist Academy 0,7 Bpifrance, business angels Others
Yumain 0,6 Banque Populaire, BFC Croissance & Innovation, Caisse d’Epargne, BDR-IT Others
Emulseo 0,55 Business angels Others
Modjo 0,5 Aglaé Ventures, business angels Adtech / Martech / Publishers
The Good Spoon 0,5

Lever VC

Retail
Yelda 0,5 Paris Business Angels Adtech / Martech / Publishers
Oppi 0,43 NC Retail
Rocambole 0,35 business angels Adtech / Martech / Publishers
Wavlive 0,3 WeLikeStartup Adtech / Martech / Publishers
RunMotion Coach 0,3 Business angels Others
Heypster 0,1 NC Adtech / Martech / Publishers

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