French deeptech changes dimension

Flying Whales raised $135 million in 2022 for its new generation of airships, capable of carrying heavy loads in hard-to-reach areas. Flying Whales

“If we want to continue to live in good conditions without exhausting our planet, we have to change the way we produce. And for that, we need to scale up disruptive innovations,” insists Arnaud de la Tour, the president of Hello Tomorrow, the organization dedicated to deep tech, which brings together in Paris on March 9 and 10 the gratin of breakthrough innovation from the Old Continent. For European deeptech companies, which develop disruptive solutions based on advanced scientific research and cutting-edge technologies, finding investors willing to take the inherent financial risks has long been a challenge. Things are changing.

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By accumulating $254 billion in venture capital investments in 2021 and 2022, or 19% of the global total, “deeptech has become the second class of assets, behind software as a service“, explains Jean-François Bobier, partner and director of BCG, who analyzed…