G.News 🗞|Your weekly dose of Tech #13
Tired of missing the hottest news from the FrenchTech? 🇫🇷
1 | Shares raises $40M in Series B funding
💳 FinTech - Startup
💡To continue its expansion across Europe and to incorporate cryptocurrency trading into its platform.
💰Operation led by Valar Ventures. Shares has now raised $90M to date.
Shares is a social trading platform where users can invest and trade stocks but also engage with an online community with chats, posts and investment education content.
2 | €8M for Bizao to help its regional expansion in Africa
💳 FinTech - Startup
💡To accelerate Bizao’s growth across the African continent and to develop new products and services.
💰Operation led by AfricInvest Financial Inclusion Vehicle (AfricInvest FIVE), Adelie, and Seedstars Africa Ventures.
Bizao helps local and international companies accelerate their growth through the digitalization of payments. Its platform allows clients to collect and issue payments online and in-stores via point-of-sale.
3 | $10.5M for Core Biogenesis in Series A funding
🔬 HealthTech - Startup
💡To build an industrial scale facility dedicated to producing growth factors and cytokines for the cell therapy market and cellular agriculture industry, and to hire additional scientific staff.
💰Round led by XAnge with support from Blue Horizon Ventures and Thia Ventures.
Core Biogenesis produces key molecules for cell therapy that accelerate the development of cells involved in the treatment of cancer and neurodegenerative diseases.
4 | Aglaé Ventures will launch a €100M Web3 Fund
🪙 Web3 - VC
💡To target startups with a focus on centralised and decentralised finance, Web3 infrastructure, blockchain scalability specialists and more.
💰The size of the fund will be between €100M and €110M. Former CoinFund head of portfolio growth Vanessa Grellet and former Aave COO Jordan Lazaro Gustave will lead Aglaé’s crypto investment.
Aglaé Ventures was founded by Bernard Arnault and has previously backed Web2 giants such as Airbnb, Netflix, Slack and Spotify. It made its first foray into Web3 by co-leading a $30M round for crypto-asset trading solution Flowdesk.
See you next week 👋
G.Ventures Next-Gen VC for Next-Gen Founders