French Tech: 1Kubator raises 6 million euros to connect the regional ecosystem and that of the capital
If Station F, an XXL start-up campus in Paris presented as the largest incubator of its kind in the world, is a showcase for French Tech internationally, we must not forget the regional incubators which have a role decisive for vitalizing the ecosystem. The latter have been developing more and more in recent years around cities such as Lyon, Bordeaux, Nantes and Lille, which act as real catalysts to get French start-ups off the ground.
Among the structures that have accompanied the rise of French Tech in recent years, we find 1Kubator, which has developed a network of incubators in Lyon, Bordeaux, Nantes, Rennes, Lille and Strasbourg. To ramp up in France, this innovation network announces a new funding round of 6 million euros. This fundraising was carried out with BNP Paribas Cardif, Caisse d’Épargne Pyrénées, the Surya group and historical shareholders including Banque Populaire Auvergne Rhône Alpes, Banque Populaire Grand Ouest and the French Tech Acceleration Fund for the Investment Program d’Avenir (PIA), managed on behalf of the State by Bpifrance as part of the French Tech public action. To finance its development, the structure had previously raised nearly 4 million euros in 2018.
Two new branches in Toulouse and Paris
Created by Alexandre Fourtoy, 1Kubator offers start-ups to benefit from a follow-up over 10 months, with a financing of 25,000 euros in return for 10% of their capital, to help them develop a professional network in their sector of activity and define a roadmap allowing them to take off in the target market. Since its launch in 2016, the network of regional incubators has supported more than 400 start-ups in France.
The structure intends to rely on this funding of 6 million euros to expand its network in France. This will result in the opening of a branch in Toulouse by March and another in Paris which will be a link between the regional ecosystem and that of the capital. “To a certain extent, the year 2020 has helped us to assemble the solidity of our approach, but above all how entrepreneurs and innovation are a real solution to the crisis. In 2021, we want to go even further, be as close as possible to start-ups and fund 150 more so that our portfolio approaches the 300 funded projects.», Indicates Alexandre Fourtoy, founder of 1Kubator.