Month: September 2023

For further information on CFNews, click here.

 

On 21 September, Epoca announced that it had raised almost €10 million to develop its homecare solution for complex patients using connected technologies. The company’s aim? To improve the care of elderly people at home through remote medical monitoring and connected objects.

 

A medical and care team and publisher of an open remote monitoring platform, start-up Epoca has announced that it has raised a total of €10 million, including €3.5 million in bank debt. The deal was led by a consortium of investors, advised by Joffe & Associés (Thomas Saltiel and Rudy Diamant) and including Mutuelles Impact (a fund backed by Mutualité Française and managed by XAnge), Ring Capital, Orange Ventures and Investir&+. These new investors have joined existing investors Makesense and Elzeard in backing the start-up.

 

Epoca was founded in 2019 by Elise Cabanes, a geriatric doctor and emergency physician, and Mariana Fernandes, a nurse specialising in geriatrics. Their conviction was that many of the patients they saw in geriatric emergencies could benefit from care at home thanks to continuous medical monitoring.

 

To make this vision a reality, they developed a remote monitoring platform based on the use of connected medical devices. These devices collect data which is then analysed by medical and paramedical care managers. These professionals are available 24 hours a day, 7 days a week, and their role is to assess the person’s state of health and design a personalised care plan accordingly.

 

With this injection of funds, Epoca intends to continue deploying its solution, not only for patients at home, but also in independent residences, homes for dependent elderly people (EHPAD) and hospitals. The company’s aim is to monitor almost 2,000 patients by the end of 2023; it currently employs 30 people, including 15 healthcare professionals.

 

---

 

• Purchaser or Investor : INVESTIR& + , Andréas Gall , RING CAPITAL (RING) , Daphné Dupont Gurs , ORANGE VENTURES , Mathieu de la Rochefoucauld , BUSINESS ANGEL(S) , MAKESENSE , Léa Zaslavsky , ELSAN (EX VEDICI) , Jérôme Nouzarède
• Company Investment banker / M&A advisor : BLUEPRINT PARTNERS , Marc Chancerel , Eric Plantier , Elaine Yisi Wen
• Company Corporate Lawyer : DUMON PARTNERS , Bastien Moraga
• Purchaser Corporate lawyer : JOFFE & ASSOCIES , Thomas Saltiel , Rudy Diamant
• Acq. DD Financial : ACD CONSEILS , Cyril Doukhan

Caeli Énergie, an energy transition startup specializing in deeptech, is on a mission to replace polluting air-conditioning systems with low-carbon technology designed entirely in France. The company has just closed its second fundraising round, reaching a total of 10 million euros this Tuesday, September 5, 2023. The deal was jointly led by Asterion Ventures, Rise PropTech as well as Starquest and Bpifrance, both advised by Joffe & Associés (Thomas Saltiel, Charlotte Viandaz and Carla Ferron). The funds raised will be used to accelerate the production of their latest-generation products and to expand their commercial activities in France, and subsequently throughout Europe.

 

After developing several prototypes, Caeli Énergie took charge of the industrialization process itself. Rémi Perony points out that “not all the industrial partners we approached could fully satisfy our specific requirements”. The current objective is to improve the efficiency of its industrial process and, above all, to reduce costs with a view to the commercial launch scheduled for 2024. After successfully raising 2.1 million euros in January 2022 for the development of prototypes, the company has just completed a second round of funding.

 

It recently secured 10 million euros in financing from investors including Asterion Venture, Starquest, the French Tech Seed fund (managed by Bpifrance on behalf of the French government as part of France 2030). The company currently has 19 employees and aims to achieve sales of one million euros by 2024. To accelerate its growth, it also plans to recruit 15 people over the next 18 months.

 

Caeli Énergie has developed a revolutionary patented technology in partnership with the CNRS. Their air conditioner, manufactured in France, is based on indirect dew-point adiabatic technology. This technology operates without the need for refrigerant, without heat emission to the outside, and without the need for an external cooling unit. What’s more, its energy efficiency is five times greater than that of the best air conditioners currently on the market.