Joffe & Associés advised Demeter, a leading European private equity firm dedicated to the ecological and industrial transition, in connection with the €3.6 million fundraising completed by the startup Allergen Alert.
Joffe & Associés advised Demeter, a leading European private equity firm committed to ecological and industrial transition, in connection with the €3.6 million fundraising carried out by the startup Allergen Alert.
The transaction was completed through the Lyon/Saint-Étienne Metropolitan Industrial Seed Fund (FAIM), alongside bioMérieux and a banking pool comprising Bpifrance and private banks.
Based in Lyon, Allergen Alert develops an innovative and portable technology enabling the rapid detection of food allergens and gluten, addressing a major public health issue. The solution, resulting from a technology transfer from bioMérieux, aims to significantly reduce exposure risks for allergic and celiac individuals.
This new round of financing will allow Allergen Alert to finalize its technical developments, accelerate industrialization, and prepare for large-scale commercial deployment.
The Joffe & Associés team involved in this transaction included Thomas Saltiel, partner, and Paddy Pascot, associate.
