Led · Equity · Dec 2025

Founded in 2013, NanoXplore is a French, family-owned fabless IC design firm specializing in radiation-hardened Field Programmable Gate Arrays (FPGAs) and the accompanying software toolchain. Its products, including the recently launched NG-ULTRA rad-hard SoC FPGA, operate in extreme environments such as satellites, missiles, and other defence systems. By maintaining an entirely European supply chain, the company’s components are ITAR-free and already fly on flagship space programs like Galileo and Copernicus. Management positions NanoXplore as a cornerstone of European electronic sovereignty and a domestic alternative to U.S.-controlled suppliers. The firm plans to leverage its technology base to move deeper into defence markets, developing ultra-secure and low-power FPGAs tailored for land, air, and naval platforms. Newly raised capital will also fund strategic acquisitions that broaden its product portfolio and consolidate Europe’s microelectronics base. No revenue, profitability, or unit-shipment figures were disclosed in the article.

Participated · Seed · Sep 2024

Founded in 2021 in Eastleigh, UK, Aquark Technologies builds what it calls the world’s smallest and most deployable cold-atom quantum devices. Its flagship product, AQlock, is a compact atomic clock that provides distributed, GNSS-independent positioning, navigation and timing (PNT) for critical infrastructure. Leveraging expertise in quantum physics, vacuum engineering, micro-fabrication and photonics, the company aims to make quantum hardware robust, energy-efficient and affordable for real-world field use. Aquark’s technology targets sectors such as telecommunications, power distribution, emergency services and defence, where precise timing resilience is essential. Future plans include demonstrating AQlock’s commercial readiness through deployments at major UK telecom sites and reducing national reliance on vulnerable satellite signals. The business has already completed successful trials with the National Physical Laboratory and the Royal Navy, and it continues to work closely with Innovate UK on multiple projects. Previous non-dilutive support includes a €2.1 million Future Leaders’ Fellowship, underscoring steady government backing for its roadmap.

Participated · Equity · Nov 2023

Numalis develops solutions that validate AI algorithms using formal methods to provide explainability and to test robustness and reliability. Its product targets critical systems where mathematical rigor is required, with interest from defense and health sectors. The company offers solutions hosted on a sovereign infrastructure and aims to serve organisations of all sizes seeking certified AI deployments. With the new financing, Numalis plans significant investment in R&D and to accelerate deployment of its solutions in France and Europe. The startup also intends to explore expansion into North America and Asia. The company is based in Montpellier and emphasizes the French tradition in formal-methods approaches.