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Technical Absorbents
Technical Absorbents

29th July 2020, Lyon, France

French innovator raises €2.75m for growth and NPD

© Clim8.© Clim8.

Clim8, the young innovative company from Lyon, France, has just completed a financing round that raised €2.75 million from Seventure Partners, Agileo Ventures and the Deveaux Group to accelerate its sales growth and develop new products.

The French company, founded in 2016, is a leader in the connected textiles market with its intelligent and patented thermal technologies. With more than 50% of its sales abroad, Clim8 already counts major premium outdoor sports equipment brands in Europe (Odlo, Ixon), South Korea (K2 Korea), Japan (TheNorthFace) and the United States (W.L. Gore, Burton). With this A Series, managed by the MAZARS Corporate Finance teams in Lyon, the company wishes to continue to strengthen its leadership position and conquer new markets.

“Clim8 continues to think bigger with this new round of financing and reinforces its leadership in the e-textile market. These strategic partnerships with Seventure Partners, one of Europe’s leading innovation capital firms with a fund specializing in the sports economy (Sport and Performance Capital), the Deveaux Group, and Agileo Ventures, structure of financing and support for innovative companies in the specific fields of Sport & Entertainment, Technology and Science, aim to support the growing activity of the startup and to bring their respective expertise in the fields of innovation, deeptech and industrialization” the company said in a statement.

“This round of €2.75 million (excluding banking) merges three main objectives: Clim8 ambition to bring its technologies to new industries (industrial, defence) as well as to new international markets. Secondly, the company aspires to consolidate its Research and Development department with, among other things, the creation of the ‘Clim8 Lab’. This will notably give greater agility in the development of new products and prototyping and will push even further the scientific research around the different technologies manufactured. Finally, the start-up wishes to strengthen the team with new strategic collaborators to support its growth,” Clim8 added.

With the current global health situation, everyone’s unity has made it possible to bring this project to its completion, promising great prospects for the company, as Florian Miguet, CEO of Clim8, explains: “We are the only ones today to offer a breakthrough technology in active thermoregulation to generate comfort that adapts in real time to the user and the environment. We have developed a large IP portfolio and we have a team of specialists working with scientific, industrial and technology ecosystems. Clim8 was born in a hybrid environment of physiological research and knowledge of user needs. Since our beginning, premiums brands we partnered up with have appreciated and recognized our deep technical and scientific knowledge and trust us to engineer the thermal clothing of tomorrow.”

“With this fund raising, Clim8 brings together, beyond the means to finance its growth, international investors with expertise in deeptech and industrial innovation, two pillars of the company’s future development,” Clim8 concluded.

www.myclim8.com

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