🇫🇷 French Tech Wire: Fairmat's Blueprint For Green Tech
Summary
Founder and CEO Ben Saada explains the companys blueprint for scaling its industrial recycling solution.Subscribe to The French Tech Journal to access all the articles and archives.The 2025 VivaTech Barometer, conducted by OpinionWay, surveyed business executives in Europe and North America about their confidence in technology. This week, the company announced that restructuring expert Emmanuel Pinto has replaced CEO Shankar Krishnamoorthy, and historic investors have provided a 10M bridge round to buy a few months of runway. The report, based on data from over 800 VC-backed Open Source companies, reveals that COSS has become a mainstream VC category, attracting $9 billion annually across ~250 deals, with growing momentum in both the US and Europe. This initiative is backed by BNP Paribas Cardif, FDJ UNITED, LVMH, Ardian, and Xavier Niel, and reflects a growing focus on diversity and inclusion within European private equity. Now its eyeing expansion into energy and aerospace.As the company bids to become one of Europes most promising industrial deeptech startups, a big question looms: How far can European green innovation scale beyond Europe?\U0001f4c7 Company: Pennylane\U0001f50d Description: Accounting and financial management platform for businesses.\U0001f4bb Website: https://www.pennylane.tech/\U0001f4cd HQ City: Paris, France\U0001f9d7 Round: Late VC\U0001f4b0 Amount Raised: 75 million\U0001f3e6 Investors: Sequoia, DST Global, Meritech Capital, CapitalG\U0001f468\U0001f4bc\U0001f469\U0001f4bc Founders: Felix Blossier, Tancr\xe8de Besnard, Thierry Deo, Quentin de Metz, Edouard Mascr\xe9, Alexandre Roquoplo, Arthur Waller\U0001f5de News: Sifted, Maddyness, FrenchWeb, EU Startups\U0001f4c7 Company: Sekoia.io\U0001f50d Description: SaaS cybersecurity platform that uses AI for real-time detection and response to cyber threats.\U0001f4bb Website: https://sekoia.io\U0001f4cd HQ City: Rennes, France\U0001f9d7 Round: Series B\U0001f4b0 Amount Raised: 26 million\U0001f3e6 Investors: Bpifrance, Omnes Capital, Unexo, Bright Pixel Capital, Revaia\U0001f468\U0001f4bc\U0001f469\U0001f4bc Founders: Freddy Milesi\U0001f5de News: FrenchWeb, LUsine Digitale, EU Startups, Revaia\U0001f44b\U0001f3fb If youre enjoying The French Tech Journal, support the project by forwarding it to friends and sharing it on your social networks.