“Friends, Family and Business Angels played an instrumental role at the inception of our journey”
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.
With €100 million provided by the French Ministry of Defense, Definvest combines the complementary expertise of the French Defense Procurement Agency (DGA) and Bpifrance. As an extension of the SME support mechanisms already deployed by the DGA, the fund aims to take equity stakes in strategic Defense Industrial and Technology Base (DITB) SMEs, alongside financial and industrial investors, to enable them to develop independently.
The French Defense Procurement Agency (DGA) is an expert testing and engineering arm of the French Ministry of Defense. The DGA’s mission is to equip armies in a sovereign manner, prepare the future of defense systems, promote European cooperation, and support exports. As the State’s largest buyer, in 2021 the DGA placed €23.5 billion of orders with industry and invested €1.404 billion in innovation and defense technology projects. With 18 sites in France, its 10,000 civilian and military men and women (nearly 60% of whom are managers, engineers or experts) and its network of international collaborators, the DGA is involved in all areas of defense (land, naval and air combat, electronic communication and information systems, deterrence, space, cyber security, robotics, etc.).
French Tech Seed
Equipped with 500 million euros, the French Tech Seed Fund acts on behalf of the French State by Bpifrance within the scope of the France 2030 investment plan, aiming to support fundraising for innovative start-ups and very small enterprises (VSEs) with less than 3 years of technology-intensive innovation. Coming from France 2030 and coordinated by Bpifrance, the fund has been counting on certified corporate collaborators, responsible for identifying and qualifying these young entrepreneurs, in addition to acting as a bridge between them and private investors. These corporate contributors guarantee the technological validity of the project and enable public investment through Convertible Bonds of up to 400 million euros and capital provided by private investors. 100 million euros are also earmarked for capital investments beyond the conversion of Convertible Bonds.
As a group of entrepreneurs, Innovacom combines demonstrated success in digital and deep tech with extensive experience in startup partnership and development.
As a key player in the French and European digital startup community, Innovacom has been funding innovative entrepreneurs in science and digital technology for over 30 years. Created by France Telecom in 1988 and associated with the private equity group Turenne Capital since 2018, Innovacom’s domain expertise has continued to evolve – from the digital revolution to the inception of deep tech.
Soitec (Euronext, Tech 40 Paris) is a world leader in designing and manufacturing innovative semiconductor materials. The company uses its unique technologies to serve the electronics markets. With more than 3,700 patents worldwide, Soitec’s strategy is based on disruptive innovation to meet its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the United States and Asia. Fully committed to sustainable development, Soitec adopted in 2021 its corporate purpose to reflect its engagements: “We are the innovative soil from which smart and energy efficient electronics grow into amazing and sustainable life experiences.”
Thales is a global technology leader, which invests in innovations in digital and “deep tech” – connectivity, big data, artificial intelligence, cybersecurity and quantum – to build a future of trust, essential for the development of our societies. The Group provides solutions, services and products that assist its customers – companies, organizations and governments – in the domains of defense, aeronautics, space, transport, and digital identity and security, to fulfill their critical missions by placing humanity at the heart of its decisions. Thales employs 81,000 people in 68 countries. In 2021, the Group generated sales of €16.2 billion.
Zepp Health (NYSE: ZEPP) is a global smart wearable and health technology leader, empowering users to live their healthiest lives by optimizing their health, fitness, and wellness journeys through its leading consumer brands, Amazfit, Zepp Clarity, and Zepp Aura. Powered by its proprietary Zepp Digital Management Platform, which includes the Zepp OS, AI chips, biometric sensors, and data algorithms, Zepp delivers cloud-based 24/7 actionable insights and guidance to help users attain their wellness goals. The company has also applied its AI expertise to emerging industrial medical imaging technologies and delivers big data and analytics capabilities to support medical and diagnostics care service providers. To date, Zepp has shipped over 200 million units, and its products are available in 90+ countries. Founded in 2013 as Huami Corp., the company became Zepp Health Corporation in February 2021. Zepp has 1,300+ team members and offices across North America, EMEA, and APAC regions.