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The Climb #6 - Foodtech consolidation, sextech rise, massive layoffs and more 🔥

Hi all! It has been 15 busy days, it seems that everyone is back to work after a great refreshing win
The Climb #6 - Foodtech consolidation, sextech rise, massive layoffs and more 🔥
By Ghislain de Buchet • Issue #6 • View online
Hi all! It has been 15 busy days, it seems that everyone is back to work after a great refreshing winter break! French startups unveiled several big rounds and we saw some interesting exits here and there. On the other side of the ocean, the CES 2020 gathered some of the most innovative consumer tech products.

🥖 Major funding rounds in France
> Business sustainability ratings SaaS provider EcoVadis raised $200m from CVC Growth Partners. The company will use the funds to recruit 200 people, accelerate in the US, Australia and Japan and further develop its software.
> Eyevensys closed a €27m B round. The biotech develops non-viral gene therapies for retinal and other eye diseases. The financing was led by existing investor Boehringer Ingelheim Venture Fund and followed by a consortium of 7 investors.
> Alderaan Biotechnology bagged €18.5m as part of a Series A led by Advent France Biotechnology and Medicxi.
> Autonomous farming robots startup Naïo Technologies raised €14m from Bpifrance (lead), Capagro, Demeter Partners and Pymwymic to expand to the US.
> Cardiologs, which develops an AI-based heart disease diagnostic solution, landed a €13.5m Series A funding led by Alven at a valuation comprised between €35m and €40m.
> Simplifield raised a $11m Series A led by American investment firm Five Elms Capital with existing investors CapHorn and Runa Capital also participating. The company develops a software which aims to improve the flow of information between operations and management in the retail industry. The fresh funding will be used to expand to the US.
> Other funding rounds include SaaS publisher CSN Energy, data analysis SaaS Datategy, influencer marketing platform Hivency, compost startup Les Alchimistes, biotech Mutabilis, classical music practice app NoMadPlay, second-hand platform provider Place2swap, medtech Sensome, delivery platform Shopopop, online supermarket for specific dietary Smartfooding, SaaS solution dedicated to the maritime sector Shipfix, digital enabler Weblib and mountain navigation app Whympr among others.
⚡ Other hot moves in France
> Carrefour acquired 60% of the lunch delivery company DejBox at an undisclosed valuation as part of a dual-track process. The 300-people foodtech generated €20m in revenues in 2019 and will benefit from Carrefour broad network to prepare its ready-to-eat meals.
> Software publisher Medisys acquired Sikio which develops and markets a SaaS suite dedicated to the home services sector called Ogust Manager. Terms of the deal remain undisclosed.
> Birchbox France founders reacquired the French subsidiary with the help of Otium Capital. The entity delivered 3m boxes to 220k subscribers in France in 2019.
And also:
> Lime Week Pass is now available in France! For €5.99 per week, you can unlock as many scooters as you want for free, you only pay the per-minute rate. Lime is the first micro-mobility company to offer a subscription plan in France.
> The French Ministry of Culture has unveiled the outlines of the new media law - Netflix will have to invest 25% of its French revenues in local audiovisual production.
🌍 European champions
> Dutch Takeaway finally takes over UK-based Just Eat for £6.2bn after Just Eat shareholders approved the operation. The merged entity could generate €7.3bn in GMV for 360m orders per year and will seriously compete with global foodtech giants like Uber Technologies, Deliveroo or Glovo.
> Sweden-based digital healthcare provider KRY raised a €140m Series C led by Ontario Teachers’ Pension Plan. Existing investors Index Ventures, Creandum, and Accel also participating.
> Travel booking platform Omio (formerly Go euro) is launching to the US and Canada, a major step in the global growth strategy of the German traveltech unicorn.
> German POS hospitality software solution provider Gastrofix was sold to Canadian Lightspeed for c. $100m.
🤝 Fellow backers
> Alven appointed Thomas Cuvelier of e.ventures as Partner.
> UK-based Felix Capital raised $300m for its 3rd fund. The money will be invested in Europe and the US in consumer brands, platforms and B2B enabling technologies.
🔥 What's up in the East (brief and short)
Tough days for Softbank's CEO Masayoshi Son...
Tough days for Softbank's CEO Masayoshi Son...
> Softbank-backed Oyo is massively cutting jobs across China and India for non-performance. The move intervenes in a very tough context for Soft Bank: WeWork failed IPO, Slack’s slumping share price, the exit of Wag at a disastrous price and massive layoff campaigns at several portfolio companies around the world.
> Indian edtech company Byju is valued $8bn after a $200m investment of Tiger Global.
> Indian foodtech unicorn Zomato bagged $150m from Ant Financial and $50m from Antfin at a valuation of $3bn. The round is part of a larger $500m fund raise to be closed by the end of Q1 2020.
> Huawei got the Indian government’s agreement to participate in trials for 5G networks.
💡 CES 2020
Samsung unveiled Neon, an artificial human
Samsung unveiled Neon, an artificial human
Like every year, startups and big corporations from around the world gathered in Vegas to unveil their latest consumer technologies products/solutions. In addition to what you can find or hear here and there, below two interesting points to note about this year’s event:
> There was a big push of surveillance technology companies this year. Our everyday habits generate enormous amount of data telling more and more about us. Surveillance tech is on the job to recover and exploit that data through different spying tools (talking speakers, doorbell cameras, fitness trackers, etc.). That being said, startups are becoming increasingly aware that they are not the owners of the data they collect but only the custodian according to Rajeev Chand, Partner at VC firm Wing.
> All eyes were on sextech companies this year as it was the first time (one-year trial) they were allowed to showcase their products at the global consumer tech rendez-vous. A dozen sextech companies had the chance to unveil their latest innovations in the Health and Wellness Category. An interesting decision as sextech (sex toys, apps and services) landscape is shifting and investors are now ready to pour money in the field.
🧮 By the numberz
> 1bn: the total number of transactions made on Indonesian digital wallet OVO in 2019, a 70% increase compared to 2018.
> WeChat shared some user behavior stats for 2019:
  • 1.151bn active users by Q3 2019, a 6% increase YoY
  • 6,932: average daily step count by people tracking their activity
  • +93% food delivery usage on weekends
> $7.20: the price of a hacked security camera account in China that belongs to someone else.
💡 Essential content
That's it for this issue.
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-See you in two weeks-
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Ghislain de Buchet

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