117 million euros raised by French startups this week

As part of this weekly report on fundraising, Maddyness lists all the operations announced by innovative companies whose head office is in France and which were created from 2001 onwards. All sectors of activity are eligible.

Other financial news

Choco raises 102 million euros. The scaleup, at the origin of an order management platform between restaurants and suppliers, was co-created in 2018 by French people in Germany. Through the operation, it won the status of unicorn thanks to an estimated valuation of 1.12 billion euros. The American venture capital investment firm G-Squared provided 90% of these funds, supplemented by the remaining 10% brought by the investor Insight Partners, according to a press release, released six months following an 82 round. 5 million euros. This fundraising will allow the company to develop “new functionalities with the aim of accelerating its strong growth in Europe and the United States” and D’“open new markets” which she does not wish to reveal at this stage.

Showroomprivé acquiert The Bradery. The group, an expert in private online sales, is acquiring – for an undisclosed sum – the activity of the startup, which is at the origin of a high-end ready-to-wear sales service. By taking 51% of the capital of the latter, Showroomprivé intends to consolidate its offer by “bringing together platforms with complementary positioning: Showroomprivé for all that is generalist, Beauté Privée for beauty and The Bradery for premium and young fashion” . Showroomprivé put an option to buy the remaining 49% by 2026. An announcement hailed on the stock market, its title having taken 10% in the hours that followed. The Bradery will continue to develop under its own brand, with its current team.

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