2016 has been a good year for fundraising in Bordeaux: more than 30 Bordeaux businesses have completed successful rounds of fundraising and at least 22 of them raised sums in excess of €1 million.
The Bordeaux region is one of the most dynamic in terms of start-ups and has ranked 3rd in France for fundraising since 2014 (Trendeo data).
The biggest fundraising operations in 2016 listed by Invest in Bordeaux are within the sharing economy, health, and digital technology sectors.
Sharing economy, national leaders
Bordeaux, which ranks as the top French city for its use of sharing economy platforms (Astéres Study 2016), is also a pioneer for companies in this fast-growing sector.
With growth of 40% per month over the past year, Jestocke.com, the leader in peer-to-peer furniture storage unit rentals, has raised €1.6 million to establish itself in Northern Europe and double its workforce.
The Bordeaux site currently has more than 270,000m³ of storage in France and 1,000 clients. This is the second fundraising operation with MAIF Avenir and BPI, after the one in 2015 (€300,000).
Bordeaux start-up Samboat specialises in motor and sailing boat rentals between individuals and has just raised a record €1 million from Maif Avenir.
Comerso is a stand-out Bordeaux company which combats food waste using a system which puts food companies in touch with associations to redistribute unsold products. It has raised €2.2 million from Impact Partenaires, Aquiti Gestion and bpifrance to recruit sales people and logisticians.
Yescapa, a Bordeaux start-up (formerly Jelouemoncampingcar.com), and the leader in France in peer-to-peer camping car and van rentals, has raised €3 million from Maif Avenir to continue its development in Europe. Yescapa currently has 85,000 users and more than 100,000 rental days.
Digital and FrenchTech, a brilliant development
Two years after obtaining the FrenchTech label, the digital sector in Bordeaux continues to grow. This eco-system is attracting young businesses: 1,033 new digital companies have been created around the metropolis since the label was awarded.
Created in 1994, Immersion is a Bordeaux SME that specializes in 3D simulation technologies for industry, and was listed on the Alternext Paris stock market at the beginning of 2016, raising €2.53 million euros from a dozen investors.
These funds will enable the company to continue its innovation and R&D efforts, and help with recruitment. The workforce should increase from 45 to 60 people.
Set up at the end of 2015 in the Cité de la Photonique in Bordeaux, the DIOTA start-up, the leading French publisher of augmented reality software solutions dedicated to industry, has completed its first round of fundraising for an amount of €3 million.
This financial support, notably from top investors such as CEA Investissement, Safran Corporate Ventures and Calao Finance, will enable the company to accelerate the roll-out of its large-scale industrial solutions.
Health and digital technology: a strong link
Bordeaux is at the forefront of the e-health and medical device sector. The metropolis is attracting global leaders of the industry and is fast becoming a breeding ground for innovative start-ups.
Specialised in designing digital applications for patients and health professionals, Interaction Healthcare has raised €5 million from the Audacia investment fund, Bpifrance, the Regional Council of Nouvelle-Aquitaine and historic partners.
These funds are intended to increase the capacity of the department of digital health simulation, SimforHealth, by strengthening medical, business and R&D teams.
SimForHealth, the digital process for training health professionals, has been selected to attend the Las Vegas CES, the global innovation and new technologies event.
Based at the CHU biomedical technology innovation platform in Bordeaux, Fineheart is developing a medical device to fight heart failure. It has raised €6.4 million from six investors, including Broadview Ventures, an American based in Boston, Capital Partners, and 2 regional funds: Sofimac and Galia Gestion.
Gironde company Implanet (48 people), specializing in the manufacturing and marketing of medical implants (knees, spinal cords) and arthroscopic equipment, has raised €6.83 million.
This capital increase will enable Implanet to pursue its innovation efforts and accelerate its development.
Bordeaux industrial groups growing strongly
SMEs in Gironde are not to be outdone. They aim to expand quickly and are turning to private sources to raise funds.
Specializing in precision machining of metal and composite structural parts for the ASD sector, JVgroup (240 people in total) has raised €4 million from iXO Private Equity ‘to finance the restructuring of the group’s industrial facilities and capital’.
JV Group (€20 million in turnover), a Tier 1 space and defense, and Tier 2 aeronautics supplier, has 4 subsidiaries in Gironde (Artigues près Bordeaux, Eysines, Mérignac), and in Charente-Maritime.
Innoveox is an SME in the Gironde which specializes in the treatment and recovery of toxic industrial waste, and has fundraised €3 million from a Chinese investor based in Hong Kong.
With this capital increase, the company can accelerate the marketing of large capacity units in China for the treatment and recycling of dangerous waste.