Led · Equity · Jul 2026

Founded in 1988 by Bernard Gillery and chaired by Mathieu Bailly for the past ten years, Eurodia develops industrial processes—using technologies such as electrodialysis, filtration and chromatography—for demineralization and purification of liquids. Historically active in agro-food markets (notably dairy and sugar/starch industries), the company has expanded into energy and decarbonation applications, including processes used to extract lithium for batteries. Eurodia's solutions aim to reduce customers' carbon footprint by lowering pollutant inputs and saving water and energy. The company has about 120 employees and reported revenues rising from €34 million in 2023 to €60 million in 2025. Eurodia has deployed approximately 450 installations in around 50 countries, conducts about 80% of its business internationally, and counts clients such as Rio Tinto in South America. The firm plans to scale up with more and larger installations and accelerate its international development, particularly in lithium-rich markets in Chile, Argentina and Bolivia.

Led · Equity · Jun 2026

AlpSemi is a Grenoble-based company building vertically integrated semiconductor power switches for solid-state circuit breakers used in residential, commercial and data-center power systems. It has launched its first product, the AS800, aimed at miniature circuit breakers in 110V and 230V environments and positioned for industrial-scale deployment through a global supply chain. The company’s technology spans materials, devices and systems and targets scalability to higher-voltage architectures, including 800V DC systems for AI data centers. AlpSemi emphasizes digital, software-controlled power distribution to enable real-time control, improved energy efficiency and reliability across AC and DC architectures. The recent €17 million financing is intended to accelerate industrialization, commercial ramp-up and further product development. AlpSemi counts strategic industry investors and partners among its backers, including Navitas Semiconductor and SE Ventures.

Led · Equity · Nov 2025

SAX Power is a manufacturer of energy storage systems aimed at supporting the clean-energy transition. The company’s core product line centers on battery-based storage solutions, though specific technologies and end-markets were not detailed in the article. In its third funding round, SAX Power secured €10 million (~$11.6 million) from a mix of international and regional investors. Management plans to deploy the capital to strengthen the firm’s market position and accelerate industrial-scale production of its storage units. The transaction was advised by WIPIT. By advancing industrial scaling, the company expects to meet rising demand and expand its commercial footprint, positioning itself for the next phase of growth.

Led · Series B · Sep 2025

Scintil Photonics builds integrated Photonic System-on-Chip (PSoC) products using its proprietary SHIP™ heterogeneous integration process, combining lasers, photodiodes, and modulators on a single chip. Its flagship LEAF Light™ is a DWDM-native single-chip light engine designed to deliver high bandwidth density (6.4 Tbps/mm) at roughly one-sixth the power consumption of conventional pluggable solutions. The technology targets co-packaged optics (CPO) for scale-up GPU clusters and emerging AI systems and is positioned to reduce data-centre energy per bit and associated carbon footprint. Scintil draws on more than 15 years of research at CEA-Leti and operates from Grenoble within Europe’s semiconductor ecosystem. The company is entering high-volume production of LEAF Light™ and plans global hiring and expansion, including strengthening its US presence. The business recently closed a $58M Series B to support its commercial ramp, production scale-up, and international expansion. Scintil Photonics develops and markets silicon photonic integrated circuits (PICs) with monolithically integrated lasers and optical amplifiers, including integrated laser arrays, multiples of 800 Gbit/sec transmitters and receivers, and tunable transceivers for near‑chip and chip‑chip communication. Its circuits are fabricated on a proprietary III/V‑Augmented Silicon Photonics technology and produced in a multi‑customer silicon foundry. The company also delivers control electronics and reference package implementations to accelerate customer adoption. Led by CEO Sylvie Menezo, Scintil sells CMOS‑compatible PICs and optical I/O aimed at optical interconnect markets. Scintil is based in Grenoble, France and Toronto, Canada and is currently taking its product to industrial level as it gears up for mass production. It raised €13.5M in a second financing to support industrialization and global commercialization. Scintil Photonics develops fully integrated silicon photonic circuits by combining silicon and indium phosphide using wafer-scale bonding to integrate multi-wavelength lasers, waveguides, filters and photodetectors. The company is fabless and relies on commercial silicon foundry processes to build its heterogenous photonic ICs. Management is led by CEO Sylvie Menezo and chairman Pascal Langlois. Scintil plans to use the funds to develop 800 Gbit/sec transceiver photonic circuit prototypes in commercial semiconductor foundries and to sample strategic customers in the data center market. The company will strengthen its team and development partnerships, including relationships with CEA-Leti and the University of Toronto. Scintil is gearing up to take its technology to an industrial level for mass production.

Participated · Equity · Apr 2025

Ecoat develops high-performance, water-based and bio-based binders that replace fossil-based polymers in decorative, wood, and metal paints. The company’s mission is to decarbonise paints and coatings, a sector responsible for roughly 2% of global industrial greenhouse gas emissions. Its technology offers low-carbon, bio-based alternatives to fossil-derived polymers and has been presented as cost-competitive by investors. The recent financing includes €18M in equity from Yotta Capital Partners, the European Circular Bioeconomy Fund (ECBF), and Starquest Capital, alongside government and debt support. France 2030 funding via ADEME and a debt package backed by Bpifrance and the company’s banking partners bring total investment to more than €21M. Ecoat will use the funds to scale production, expand its R&D team, operations and commercial development, and to accelerate expansion into international markets including the US and Asia.