7 largest funding rounds closed by French startups in 2020

AIN.TECH selected French startups that raised the largest investments in 2020.

Ÿnsect, $224 million

Ÿnsect has received $372 million from Astanor Ventures, LA-based Upfront Ventures, Hollywood star Robert Downey Jr.’s FootPrint Coalition, existing investor Happiness Capital, Supernova Invest and Armat Group.

Ÿnsect is the world leader in the breeding of insects and their transformation into premium ingredients for animal and plant nutrition. Ÿnsect offers an organic, long-term sustainable solution to accelerating the consumption of protein and plants.

InnovaFeed, $167 million

InnovaFeed, a biotech company, has received $167 million from existing investors Creadev and Temasek. The fundraising is bringing the total financing of InnovaFeed to $238 million. 

InnovaFeed is a biotech company that produces a new source of protein from insect rearing for animal feed and aquaculture in particular. The company is aimed to generate local economic dynamics and have a global impact on the environment. 

Sendinblue, $160

Sendinblue, the leading all-in-one digital marketing platform, has raised $160 million in a Series B round. The round was led by Bridgepoint, Bpifrance, BlackRock with participation from existing investor Partech.

Sendinblue is the only all-in-one digital marketing platform empowering B2B and B2C businesses, e-commerce sellers, and agencies to build customer relationships through end to end digital marketing campaigns, transactional messaging, and marketing automation. 

Lydia, $86 million

Lydia, a mobile financial services platform, has raised an additional $86 million in Series B round. The round was led by the global venture capital firm Accel. 

Lydia is a fast-growing mobile financial services platform with over 4 Million users.

Luko, $60 million

Luko, the fastest-growing French insurtech leader, has raised  $60 million in a Series B funding round. The round was led by EQT Ventures with participation from existing investors such as Accel, Funders Fund, and Speedinvest. 

Luko is an insurance company that provides a device that focuses on home security and reduces electricity bills. 

SparingVision, $52.6 million

SparingVision, a genomic medicine company focused on ocular diseases, has raised $52.6 million in its first funding round. The round was led by 4BIO Capital, UPMC Enterprises, Jeito Capital, and Ysios Capital with participation from the existing investors Bpifrance and Foundation Fighting Blindness.

SparingVision is a biotechnology company focused on the discovery and development of innovative therapies for the treatment of blinding inherited retinal diseases. 

Livestorm, $30 million

Paris-based Livestorm, a video communication platform, has raised $30 million in a Series B round. The round was led by Aglaé Ventures and Bpifrance Digital Venture, with participation from Raise Ventures and IDInvest. 

Livestorm is the only video platform that works in the browser from any device you choose. Livestorm is used both for one-on-one meetings and for large virtual events with more than 1,000 participants.