French startups secured €107 million in funding across 13 deals this week, a significant rebound from the €30 million raised last week. The largest rounds were dominated by B2B and climate tech companies, reflecting continued investor focus on sustainable and enterprise solutions.
Leading the week, carbon accounting platform Sweep raised €52 million in a Series B extension. The round was co-led by existing investors Lakestar and Bpifrance, with participation from HSBC. Sweep, which helps large corporations track and reduce emissions across their value chains, will use the funds to accelerate product development and expand its commercial reach in North America and Europe.
In second place, Malt, the freelance marketplace for tech and creative professionals, raised €35 million in debt financing from BlackRock and Bpifrance. This capital injection aims to strengthen Malt's balance sheet and support its growth ambitions, particularly in the German market where it has been actively expanding.
Other notable deals include:
* Finres (€8 million): An agricultural fintech startup that secures farmers' revenues against climate risks, backed by MAIF Avenir, NCI Waterstart, and Starquest Capital.
* Altaroad (€6 million): A developer of digital twins for logistics infrastructure, funded by Région Sud Investissement and Go Capital.
* Deepki (€3 million): A ESG data intelligence platform for real estate, receiving growth financing from Bancroft Capital.
* Dance (€1.5 million): A provider of leak detection solutions for water networks, funded by Breega and Région Sud Investissement.
The week's activity underscores a strategic shift in venture capital towards startups with clear business models, proven traction, and a focus on profitability, moving away from the high-burn, growth-at-all-costs approach of previous years. Climate tech and enterprise software remain particularly resilient sectors for investment.