Toulouse start-ups raised 42.5 million euros in the second quarter of 2023

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Four Toulouse start-ups raised €42.5 million in the second quarter of 2023, according to the Toulouse Tech Index. A fine performance in a collapsing national fundraising context in this sector. Explanations.

While a collapse of mega fundraising is announced in France, the Toulouse start-ups are resisting with more than 42 million euros of funds raised in the second quarter of 2023, out of a total of four operations. This figure, lower than the same period in 2022, remains at
overall evolution of the first semester. At the beginning of 2023, more than 147.5 million euros in funds were thus raised, an amount higher than in the same period of 2022 and even higher than in 2021, a record year for the Toulouse ecosystem.

Economic dynamism and more successful projects

These data therefore reflect the dynamism of Toulouse tech, which is resisting national trends thanks in particular to the emergence of increasingly successful projects, according to a press release from the French Tech Toulouse.
“As in 2022 and in the first quarter of 2023, collections in progress are investments of series A, therefore first collections that are increasingly qualified on companies in the growth phase. This is the strength of our ecosystem of Toulouse, dense and
success, which allows us to remain very optimistic for this year 2023. Despite the national decline in fundraising, we see beautiful nuggets emerging in Toulouse and this in various sectors, especially in the technological and aeronautical sectors”, he explains
Frédérick Roques, VP Finance of La French Tech Toulouse, Chief Financial Officer of Genoskin.

Head-up display for motorcycles or collision avoidance with space debris

EyeLights has raised 20 million euros. this start-up offers the smallest head-up display that can be installed on any type of motorcycle helmet: GPS map, speed and calls are thus displayed in the field of vision. Look Up Space, with 14 million euros raised on 2And fourth, it is developing space surveillance radar to predict threats from
collisions posed by space debris and satellite proliferation.

X-pressure (€4.5 million) focuses on a medical device to measure pressure and cerebrospinal fluid circulation to better diagnose diseases of the nervous system and Hinfact (€4 million) on software solutions to improve flight safety through three main axes: pilot training, aircraft design and in-flight operations.

Toulouse Tech Index and French Tech Toulouse, what is it?

Created in 2019, the Toulouse Tech Index provides an update on the development of technology and innovative companies in the Toulouse ecosystem, every year and every quarter. The index is based on all fundraisings exceeding 300,000 euros by companies with their head office, as well as at least a significant part of their employees, in the Haute-Garonne or in a neighboring department. It integrates the data of all innovative companies in the area with a turnover of less than 100 million euros.
French Tech is an initiative launched in 2013 by the Ministry of the Economy to support the development of French start-ups. Since 2023, 16 cities have been labeled “French tech capital”, including Toulouse. Since April 2019, in Toulouse, the dynamics of French Tech has been guided by a collective of entrepreneurs established in association under the 1901 law.

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