G.News 🗞|Your weekly dose of Tech #12
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1 | Elaia closes €77M for new deeptech fund, Elaia Alpha II
🧬 Deeptech - VC
💡In partnership with Inria, Elaia aims to invest in 30-40 pre-seed and seed startups across Europe in various sectors (AI, data science, digital health, cybersecurity, etc).
💰Elaia exceeds it initial target of €65M and will issue tickets of €200K to €2M. They are backed by VINCI Concessions, Inria, etc.
Elaia is an European VC firm focused on digital and deeptech startups, from early stage to growth development. The newly launched fund has already invested in 14 startups (Kheops, inHeart, i-Virtual, etc.).
2 | Morpho Labs raises $18M to transform decentralised lending
🦋 Crypto / Fintech - Startup / VC
💡To further pursue the ambitions of the recently founded Association for the development of Morpho DAO and to pursue the development, adoption, and decentralization of Morpho.
💰Operation co-led by a16z and Variant with participation from Bpifrance, Cherry Ventures, Coinbase Ventures, etc.
Morpho Labs uses lending protocol that combines the current liquidity pool model used in Compound or AAVE with P2P matching engines used in order books. Morpho-Compound improves compound by providing the same user experience, the same liquidity, and the same liquidation parameters but with enhanced APY thanks to peer-to-peer matchings.
3 | Quantonation Ventures announces €91M of closing for their 1st fund, Quantonation 1
🔬 Quantum Tech - Startup
💡To back early-stage companies, from Seed to Series A and holds all the participations the team has invested in since 2018.
💰Quantonation Ventures exceeded its initial target of €50M and is backed by Fonds National d’Amorçage 2 (Bpifrance).
Quantonation is the first VC fund dedicated to Quantum Technologies (molecular design, high performance calculation, cybersecurity, drug discovery, ultra precise sensing, etc). They have 19 companies in their portfolio with 2 exits already. They have invested in Pasqal, Quandela, Nord Quantique, Qubit Pharmaceuticals, etc.
4 | 3rd and largest fund to date at €1bn for Cathay Innovation
🌍 Sustainable transformation - VC
💡To back Series A and B companies across Europe, the US and Asia with a focus on consumer tech, enterprise software, AI, inclusive fintech, digital health, new mobility and energy tech.
💰Cathay Innovationn will issue tickets of €5M to €80M and has more than $2bn in assets under management.
Cathay innovation is a multi-stage venture capital firm, affiliated to Cathay Capital, and invests in startups at the center of the digital revolution. They have backed 19 unicorns (Glovo, Ledger, etc) and secured 7 exits (Wallbox, Pinduoduo, etc).
5 | Contentsquare closes a $600M growth investment round at $5.6bn valuation
📊 Digital Analytics - Startup
💡To scale investments in innovation (organically and through M&A), support long-term growth in key markets, expand to new territories and deliver greater impact in digital accessibility, privacy & sustainability.
💰$400M in Series F equity led by Sixth Street with participation from Bpifrance, Canaan, Eurazeo, Highland Europe, KKR, LionTree, SoftBank Vision Fund 2, etc.
$200M in debt financing with contributions from BNP Paribas, Crédit Agricole Corporate & Investment Bank, Goldman Sachs, JP Morgan, and Société Générale.
Contentsquare is a digital experience analytics platform that enables brands to transform the way they do business, allowing them to take action at enterprise scale and build customer trust.
See you next week 👋
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