Joffe & Associés acted alongside Innovacom and several business angels in connection with Turbotech’s €8.5 million fundraising round.
Joffe & Associés advises Innovacom and several business angels on Turbotech’s fundraising round
Joffe & Associés advised Innovacom – an investment fund backed by the Île-de-France Region – as well as several business angels in connection with the €8.5 million fundraising round completed by Turbotech, a French company specializing in high-tech hybrid propulsion solutions for the aerospace sector.
This second fundraising round brought together, alongside Innovacom, five wealth managers and several individual investors.
The funds raised will enable Turbotech to finance the certification of its first turboprop engine, which is already integrated into several light aircraft models. The company will also be able to develop a new range of more powerful engines (250 to 500 horsepower) to address the entire general aviation market.
This operation will allow Turbotech to accelerate its R&D projects, increase production capacity, and strengthen its presence in strategic markets — further consolidating its growth and technological leadership in the aerospace industry.
Joffe & Associés advised Innovacom and the business angels on corporate aspects, with a team composed of Thomas Saltiel (partner), Charlotte Viandaz (counsel), and Alexia Guyot (associate).
