G.News 🗞|Your weekly dose of Tech #6
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1 | €70M raised by Diabeloop to accelerate deployment of automatic insulin pump
🩺 HealthTech - Startup / VC
💡Diabeloop aims at developing their commercial activity and expanding internationally.
💰Operation led by LBO France with the support of Terumo Corporation, Innovacom and historical investors (CERITD, CEMAG invest, etc)
Diabeloop develops an artificial pancreas for people with type 1 diabetes and according to the wearer’s medical data, automated insulin is delivered thanks to therapeutic AI.
2 | Dalma raises €15M to develop telehealth and petting care services
🛡 InsureTech - Startup / VC
💡Development of telehealth services and to launch a third-party payment service.
💰€15M raised from Northzone, Project A, Anterra Capital and their historical investors (Global Founders, Frst, Kima Ventures and business angels)
Dalma is the health insurance for pets and is created so that no one has to choose between the veterinary and health reimbursements of their pet and their budget. Dalma will also add to their offer a marketplace for pet products and launch themselves into Germany.
3 | Unity SC raises €48M to strengthen their position in the market
💿 Hardware - Startup / VC
💡Unity SC aims to accelerate the production of their metrology and inspection equipment
💰€48M raised from Jolt Capital, Supernova Invest and BPIFrance
Unity SC makes metrology and inspection equipment that measures characteristics and detects defects during the manufacturing process. They also plan to fund a demonstration lab in Singapore, expand their technical sales and marketing forces, particularly in China and South Korea and strengthen their teams in R&D and production in Grenoble.
4 | October acquires Credit.fr its direct competitor
💳 FinTech - Startup
💡The aim of this acquisition is to enhance October’s financing offer for VSE + SME.
💰Tikehau Capital ( shareholder Credit.fr) is now one of the investor of this new entity.
October enables better financing for businesses by allowing investors to lend money directly to small and medium-sized businesses. Credit.fr is the second largest French SME loan platform in terms of volume processed (€115M). By acquiring their main competitor in France, October has 40,000 active customers and an additional of 15 person in the team (130 employees in total) now. The company will reach more than €860M and lend to more than 3,000 SME or VSE in France, Spain, Italy, Germany...
5 | Largest early-stage fundraiser to date in France for Alven (€350M)
🤝 Web3, Crypto, ClimateTech - / VC
💡To back pre-seed to Series A startups all across Europe
💰Alven now counts over €2bn in assets under management.
Alven exceeded the initial target of €300M and will issue tickets from €100K to €15M and reserve around 60-70% of the fund for follow-ons. It is known for their investment in unicorns such as Qonto, Dataiku, Algolia, Ankorstore and has realised more than 70 exits which include the sale of Sqreen to Datadog and Frichti to Gorillas. Alven has widen their geographic investment thesis by targeting startups all across Europe...
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