Category: Deals

Read the original article here.

 

The Toulouse-based start-up Hinfact, which offers commercial pilot training centres an advanced analytics solution, has completed its first round of funding of nearly 4 million euros, with a view to accelerating the commercialisation of these solutions and expanding them into new sectors such as the military, the nuclear industry and healthcare.

 

Having validated its technology and won over its first clients, Hinfact announced on 12 April 2023 that it had raised €4 million in its first funding round. This round comprises a mix of debt and equity, with the venture capital firm Innovacom – advised by Joffe & Associés – contributing €1.5 million from its ‘early-stage’ fund, Technocom 3, alongside several business angels. The aim is simple: to accelerate the industrial and commercial development of its solutions and to extend its technology to a range of other sectors.

 

Hinfact works with airline training centres around the world. Its technology, at the cutting edge of neuroscience research, is based on neurotransmitters and stimulators used on pilots, which aim to improve flight safety in three key areas: pilot training, aircraft design and flight operations. The Toulouse-based start-up thus offers a tool that collects, analyses and interprets pilots’ flight and eye-tracking data via the stimulators, with the aim of objectively identifying areas for improvement. This solution has been available on the market since March 2022, and growth is expected to accelerate in 2023, notably with a doubling of the company’s workforce, which currently stands at around ten employees.

 

---

 

Paris-based Pricemoov announced Wednesday that it has raised $10 million (about €9.1 million) in a Series A funding round led by ISAI and Bpifrance Digital Venture.

 

 

A company on the rise

 

Today, with inflation, supply chain disruptions and cost volatility, customers and consumers expect transparency from companies across all channels; companies need to carefully examine their pricing strategies to ensure they remain competitive, while making a profit. That’s where Pricemoov comes in.

 

In 2018, Pricemoov had already raised nearly €2M from Global Founders Capital, Kima Ventures and Financière Saint James. At that time, this publisher of a multi-sector dynamic pricing solution claimed about ten customers. Although the company remains discreet today about the number of users, including SMEs and ETIs, “it has been able to attract good references, particularly in the United States, where it has been established for nearly two years, the director Pierre Hébrard having moved there,” says François Collet, partner at Isai.

 

 

Strong investors

 

ISAI Gestion, an AMF-approved management company with over €500 million under management, aims to finance and support high-potential technology companies in the seed/post-seed phase or when they have already reached break-even. “We are impressed with Pricemoov’s pricing expertise and platform capabilities, and believe the company is well positioned to accelerate its growth in this promising market,” said François Collet. “We look forward to working closely with Pricemoov’s management team to continue to push the boundaries of pricing,” he adds.

 

Bpifrance Digital Venture finances companies at all stages of their development with loans, guarantees and equity. In addition to investment, the venture capital firm also offers consulting, training, networking and an acceleration program for startups, SMEs and mid-sized companies.

 

“We believe Pricemoov has the opportunity to bring smart pricing to companies at any stage of their pricing maturity with an intuitive and easy-to-use platform,” said Adrien Neel, Investment Director at Bpifrance Digital Venture.

 

 

Between 5 and 10 million in revenue

 

Pricemoov combines several sources of company data, such as product catalogs, inventories, and transactional data, by connecting to ERP and CRM systems, and adapts in real time to the company’s needs. The tool allows the user to simulate the impact of price changes on its revenues, but also to compare the different scenarios considered, before making a decision. The French company achieves this by leveraging data science, end-to-end automation and an intuitive user experience.

 

Pricemoov claims a 150% annual increase in revenue and a 200% increase in its customer base, including new customers Jokr, Recommerce, Samkaup et Audi.

 

The biggest source of revenue for the company, estimated at between €5 and €10 million, remains the sale of the solution, according to a source close to the case, which also relies on services such as the configuration of the pricing architecture. The company currently has a staff of more than 40 employees.

---

• Buyer or Investor : ISAI , François Collet , BPIFRANCE INVESTISSEMENT , Adrien Neel , SOCIETE FINANCIERE SAINT JAMES
• Company Corporate Lawyer : GIDE , Pierre Karpik
• Purchaser Lawyer Corporate : JOFFE & ASSOCIES (Thomas Saltiel et Rudy Diamant)
• Acq. DD Financial : CFINANCE , Jacques Haccoun , Julien Solyjan , Lucas Gauthier
• Acq. Environmental consulting, DD ESG : COLLECTIVELY.LIFE
• Fundraising Consulting / Agent : ALPHA CAPITAL PARTNERS

Paris-based Pricemoov announced on Wednesday that it had raised $10 million (approximately €9.1 million) in a Series A funding round led by ISAI and Bpifrance Digital Venture.

 

A company experiencing rapid growth

 

Today, with inflation, supply chain disruptions and cost volatility, customers and consumers expect a certain level of transparency from businesses across all channels; businesses must therefore carefully review their pricing strategies to ensure they remain competitive whilst still making a profit. This is where Pricemoov comes in.

 

In 2018, Pricemoov had already raised nearly €2 million from Global Founders Capital, Kima Ventures and Financière Saint James. At that time, this provider of a multi-sector dynamic pricing solution claimed to have around ten clients. Whilst the company remains tight-lipped today about the number of users, including both SMEs and mid-market companies, “it has managed to attract some impressive clients, particularly in the United States, where it has been established for nearly two years, with CEO Pierre Hébrard having moved there,” says François Collet, a partner at Isai.

 

 

Strong investors

 

ISAI Gestion, an AMF-authorised asset management company with over €500 million under management, aims to finance and support high-potential technology companies in the seed or post-seed stage, or those that have already reached break-even point. “We are impressed by Pricemoov’s expertise in pricing and by the capabilities of its platform, and we believe the company is well positioned to accelerate its growth in this promising market,” says François Collet. “We look forward to working closely with Pricemoov’s management team to continue pushing the boundaries of pricing,” he adds.

 

Bpifrance Digital Venture provides funding to businesses at all stages of their development through loans, guarantees and equity. In addition to investment, the venture capital firm also offers advisory services, training, networking opportunities and an acceleration programme for start-ups, SMEs and mid-market companies.

 

“We believe that Pricemoov has the opportunity to bring smart pricing to businesses at any stage of their pricing maturity through an intuitive and user-friendly platform,” says Adrien Neel, Investment Director at Bpifrance Digital Venture.

 

 

Between 5 and 10 million in revenue

 

Pricemoov’s system brings together several of the company’s data sources – such as its product catalogue, stock levels and transactional data – by connecting to its ERP and CRM systems, and adapts in real time to the company’s needs. The tool thus enables users to simulate the impact of price changes on their revenue, as well as to compare different scenarios before making a decision. The French company achieves this through data science, end-to-end automation and an intuitive user experience.

 

Pricemoov claims to have recorded a 150 per cent year-on-year increase in turnover and to have grown its customer base by 200 per cent, including new clients such as Jokr, Recommerce, Samkaup and Audi.

 

The company’s largest source of revenue, estimated at between €5m and €10m, remains the sale of the solution, according to a source close to the matter, who also highlights services such as the configuration of pricing architecture. The company currently employs over 40 staff.

 

 

---

 

• Purchaser or Investor: ISAI, François Collet, BPIFRANCE INVESTISSEMENT, Adrien Neel, SOCIETE FINANCIERE SAINT JAMES
• Corporate Legal Adviser: GIDE , Pierre Karpik
• Purchaser’s Corporate Legal Adviser: JOFFE & ASSOCIES (Thomas Saltiel et Rudy Diamant)
• Financial Due Diligence for the Acquirer: CFINANCE , Jacques Haccoun , Julien Solyjan , Lucas Gauthier
• Environmental and ESG Due Diligence for the Acquirer: COLLECTIVELY.LIFE
• Fundraising Adviser / Agent: ALPHA CAPITAL PARTNERS

Read the original article from Boursier.com here.

 

Joffe & Associés, advisers to Pontine Groupe, announces the sale to Société de la Tour Eiffel of an office property complex situated at 10 Boulevard de la Bastille in the 12th arrondissement of Paris.

 

The property complex was sold following the move-in of Team To, an independent French production company and television and film animation studio, under a fixed-term lease of nine years.

 

The property, formerly occupied by the contemporary art centre ‘La Maison Rouge’, has been fully refurbished to meet the needs of its new occupants and staff in terms of comfort and flexibility, and meets all the requirements of a recognised player in animation technology.

 

Pontine Groupe was supported throughout these restructuring, extension and change-of-use operations by its subsidiary Active Promotion, acting as delegated project manager, and by Joffe & Associés, which assisted with all legal matters (land acquisition, town planning, construction, commercial leases, taxation and the sale upon completion of the project).

 

---

 

The Joffe & Associés’ team in charge of the transaction:

Real estate and construction: David TAVERNIER, Samir KHAWAJA and Irina RATSIMANDRESY

Property tax: Virginie DAVION, and Clément PEILLET.

 

Read the original Boursier.com article here.

 

Pontine Groupe, advised by Joffe & Associée, announces on Tuesday March 7, 2023 the acquisition by Société de la Tour Eiffel of a real estate complex located in the 12th district of Paris.

 

The Société de la Tour Eiffel, advised by Joffe & Associés, is acquiring a new building of nearly 3,000 sq.m. at 10 Bastille. The building, which benefits from excellent transport links in the immediate vicinity of the Gare de Lyon and the Place de la Bastille, is also known for its dynamism and its strong mix of international company headquarters, restaurants, shops, housing, services, living areas and tourism…

 

The property is leased to Team To, an independent French producer and animation studio for television and film, on a firm 9-year lease.

 

The property, formerly occupied by the emblematic contemporary art center “La Maison Rouge“, has been entirely renovated to meet the needs of new uses and employees in terms of comfort and flexibility. There are also over 300m(2) of terraces and outdoor spaces available. All of them are seeking to obtain the “Breeam Very Good” label.

 

Pontine Groupe has entrusted the complete realization of these restructuring, extension and change of target operations to its subsidiary Active Promotion as part of its delegated project management mission.

 

---

 

Joffe & Associés’s team in charge of the operation : David TAVERNIER, Virginie DAVION, Irina RATSIMANDRESY et Clément PEILLET.

Read the original CF News article here.

 

Joffe & Associés advises Inarix for a fund raising. The company, which specializes in agricultural crop imaging analysis solutions based on artificial intelligence, is accelerating its development in Europe and the United States with the help of a €3.1 million round of financing.

 

The technology developed by Inarix aims to simplify agricultural harvesting by monitoring production quality through a smartphone application. It allows “to get results instantly, on the go, and without having to use bulky and complex machines,” states Inarix founder and CEO Pierre Chapelle. He adds that “These analyses are usually done by machines. And we manage to have the same reliability rate as them”.

 

After developing independently for over four years, Inarix is opening up its capital for the first time. Among other things, the CEO in 2018 self-funded the development of its agricultural crop analysis software, until the signing of a first customer in 2019.

Now with a team of more than thirty employees, 400 agricultural user sites as well as a flourishing marketing, the company is raising €3.1 million from Ankaa Ventures, followed by the Spanish company Label Investment, which specializes in innovation in agriculture, Newfund, Alliance for impact, a vehicle managed by Ventech, and ResiliAnce, an investment structure.

 

“The vast majority of imaging solutions for agriculture are dedicated to unharvested crops. Inarix’s solution is unique in this sense,” confirms Jonathan Cohen-Sabban, co-founder of Ankaa Ventures.

 

With this round of financing, Inarix hopes to position itself as a leader in the American and European markets. Investments in R&D will also be made, notably in order to be able to analyze corn, soybean and coffee crops, in addition to strengthening the core technology

 

---

 

• Target company : INARIX
• Acquéreur ou Investisseur : ANKAA VENTURES , Jonathan Cohen-Sabban , LABEL INVESTMENTS , Alexandre Pierron-Darbonne , RESILIANCE (RESILIANCE.IO) , NEWFUND , VENTECH 
•  Corporate Lawyers society : JOFFE & ASSOCIES , Océane Christmann
•  Associate Corporate Lawyers : CHARLES RUSSELL SPEECHLYS , Renaud Ferry
• Acq. DD Financial : DAFINITY , Dimitri Speyer

Read the original CF News article here.

 

Joffe & Associés advises Inarix on a fundraising round. The company, which specialises in AI-powered crop imaging analysis solutions, is accelerating its expansion in Europe and the US with funding of €3.1 million.

 

The technology developed by Inarix aims to simplify the harvesting process by monitoring crop quality via a smartphone app. It enables users to “obtain results instantly, whilst on the move, and without having to use bulky, complex machinery”, says Inarix’s founder and CEO, Pierre Chapelle. He adds that “These analyses are usually carried out by machines. And we manage to achieve the same level of reliability as they do.”

 

After growing independently for more than four years, Inarix is opening up its share capital for the first time. In 2018, the CEO self-funded the development of the company’s agricultural yield analysis software, right up until the signing of its first client in 2019.

Now boasting a team of over thirty employees, 400 agricultural sites using its services and a thriving sales operation, the company has raised €3.1 million from Ankaa Ventures, followed by the Spanish firm Label Investment – which specialises in agricultural innovation – Newfund, Alliance for Impact (a fund managed by Ventech) and ResiliAnce, an investment firm.

 

“The vast majority of imaging solutions for agriculture are designed for non-harvested crops. Inarix’s solution is unique in this respect,” confirms Jonathan Cohen-Sabban, co-founder of Ankaa Ventures.

 

With this funding round, Inarix aims to establish itself as a market leader in the US and European markets. Investments will also be made in R&D, particularly to enable the analysis of maize, soya and coffee crops, as well as to strengthen the core technology.

---

 

• Target company: INARIX
• Acquirer or Investor: ANKAA VENTURES , Jonathan Cohen-Sabban , LABEL INVESTMENTS , Alexandre Pierron-Darbonne , RESILIANCE (RESILIANCE.IO) , NEWFUND , VENTECH
• Corporate Legal Adviser: JOFFE & ASSOCIES , Océane Christmann
• Corporate Legal Adviser of the acquirer: : CHARLES RUSSELL SPEECHLYS , Renaud Ferry
• Financial Due Diligence Adviser to the Acquirer: DAFINITY , Dimitri Speyer

Read the original article on the Avicenna.AI website.

 

 

The company, which specialises in artificial intelligence and medical imaging, has raised a total of $10 million as part of its global expansion.

 

On Wednesday 8 February 2023, Avicenna.AI, a company specialising in the use of AI in medical imaging, announced today that it had secured total funding of nearly 10 million dollars. This funding round was backed by existing investors Innovacom and CEMAG Invest. The funds will be used to accelerate the global roll-out of Avicenna.AI’s solutions and to diversify the company’s offering into new, highly sought-after areas of medicine.

 

“Last year was a pivotal year for Avicenna.AI, with significant growth in the roll-out of our solutions worldwide, coupled with very positive feedback from users,” says Cyril Di Grandi, co-founder and CEO of Avicenna.AI. “We have laid the groundwork to accelerate the expansion of our offering into new areas of medicine. We have finally secured our first patents, which will enable us to consolidate our position as a leader in the field, with a disruptive approach to the use of deep learning in clinical decision-making. This new investment reflects the continued confidence of our investors and means we are poised to become a dominant force in healthcare AI. ”

 

During 2022, Avicenna’s AI solutions were deployed in more than 140 hospitals across 14 countries on three continents. The company is now ready to take the next step in 2023, and plans to roll out the solutions to at least 30 new sites every month this year.

 

At the same time, Avicenna’s R&D efforts will complement the four FDA approvals and the six CE markings already granted for its products. The company’s FDA-approved and CE-marked tools for neurovascular and thoraco-abdominal conditions are seamlessly integrated into the clinical workflow, automatically triggering and communicating algorithm results via the systems already used by radiologists.

 

 

About Innovacom

 

Innovacom is a pioneer in innovation capital in France. Since 1988, it has invested nearly one billion euros, supported more than 300 digital and high-tech start-ups, participated in more than 20 initial public offerings and completed more than 150 industrial divestments.

 

The team, which has extensive experience in high technology, has contributed to several recent successes across a range of sectors and boasts a strong track record, including unicorns such as Heptagon and Soitec.

 

Today, Innovacom supports innovative industrial projects and high-potential disruptive technologies by providing them with funding, advice and support. Its partnership with the Turenne Group has given rise to one of France’s leading independent private equity firms, with a platform of €1.5 billion under management. With offices in Paris and Marseille, Innovacom Gestion is authorised by the Autorité des Marchés Financiers.

 

 

About Cemag Invest

 

Cemag Invest is a company specialising in healthcare and technology, with the aim of creating added value for patients. In particular, Cemag Invest has invested in Wandercraft and Diabeloop, and, alongside Innovacom, in Aryballe Technologies.

 

---

 

Joffe & Associés (Thomas Saltiel, Paddy Pascot and François Galéa) advised all parties involved in this transaction.

 

As part of the industrialization of its engines for minisatellites, Exotrail raised nearly 54 million euros on Tuesday, February 8, 2023.

 

After winning a series of contracts for its electric motors and space bus, the “NewSpace” nugget has announced a €54 million fundraising round, with the aim of becoming a global player in in-orbit services. The Toulouse-based startup plans to double its workforce by 2023, while starting to industrialize its products.

 

At the same time, it is also developing a software offer to differentiate itself from the competition. In other words, Exotrail has miniaturized the Hall effect technology (very popular on geostationary orbit satellites) multiplying the thrust 5 to 6 times higher than other electric propulsion technologies, to implement it on small satellites in low orbit.

 

Among the investors of this operation, we can mention Bpifrance, SPI (the fund Société de projets industriels), the Defense Innovation Fund of the French Ministry of the Armed Forces, as well as private investors like Eurazeo and the software engineering company Celad.

 

In addition to these investors, there are also historical investors, well known to Exotrail (360 Capital, Karista, Innovacom, iXO Private Equity, BNP Paribas…). This operation brings to more than 70 million euros of financing raised by Exotrail, since its launch in 2017.

 

J&A (Thomas Saltiel, Charlotte Viandaz) acted as advisor to Bpifrance (Bpifrance Innovation – Compartment Venture and Ambition Amorçage Angels Fund) in this fundraising.