Elaia is an independent venture capital firm, focused on the digital economy and deep tech. With over €700m under management, Elaia invests in high-potential disruptive startups from the first financing rounds to the emergence of global leaders. With more than 75 years of cumulated experience in both venture capital and digital industries, the investment team offers close, proactive, and relevant support to its entrepreneurs. Elaia was founded in 2002 by Philippe Gire and Xavier Lazarus and is based in Paris, Ile-de-France, France.

Elaia

Aquitaine Science Transfer is a Technology Transfer Office.

Aquitaine Science Transfer

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception. With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financing rounds.   Their companies are based in Europe allowing easy interaction with management. They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

Vesalius Biocapital Partners

Sagana is a dedicated team of investors, thinkers, and doers, working to unleash the potential of people, capital and business to create a better future for all. Driven by this bold vision, we leverage decades of experience in private equity, impact investing and entrepreneurship to discover, invest in and grow companies that are successfully solving some of the biggest challenges of our time.

SAGANA

Sofia Angels Ventures is an investment firm that focuses on technology startups at the pre-seed and seed stages.  Sofia Angels Ventures was founded in 2020 and was headquartered in Sofia, Bulgaria.

Sofia Angels Ventures

Webit Investment Network is an investment firm.

Webit Investment Network

NACO is a co-investment fund for start-ups and small and medium-sized businesses (SMEs).  NACO is a regional co-investment fund backed by Région Nouvelle-Aquitaine and managed by M/Capital Partners.

NACO

CWR Funds is a venture capital fund that invests in early-stage startups across diverse industries.

CWR Funds

SWEN Capital Partners, a subsidiary of OFI AM and Federal Finance Gestion (FFG), is a reference in Responsible Investments, investing in private equity, private debt and private infrastructure, mainly in Europe.   With over €3 billion under management, SWEN Capital Partners offers to its clients an investment consulting service as well as the administration and portfolio monitoring of their historical allocations in the private market.   The team is composed by 20 people, most of them having worked together for the last 10 years, and having an excellent networking in the insurance financial market in France. SWEN Capital Partners aims to continue its commitment to responsible investing by integrating Environmental, Social and Governance (ESG) criteria in its selection, investment and reporting process.

Swen Capital Partners

inHEART

inHEART delivers AI-enabled, digital twin of the heart to advance the care of patients living with cardiac disease. inHEART develops software solutions for medical image analysis and cardiac modeling in heart rhythm disorders. inHEART vision is to make the bridge between radiology and cardiology become an image-guided diagnosis, therapy planning, and navigation software solution for heart rhythm disorders.

France-based inHEART provides AI-driven digital twin solutions for heart care. It focuses on visual cardiac intervention in patients with arrhythmias, transforming preoperative medical images into a 3D digital twin of the patient's heart.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

InHeart

Bulgaria's Webit invests in France's InHeart

France-based inHEART provides AI-driven digital twin solutions for heart care. It focuses on visual cardiac intervention in patients with arrhythmias, transforming preoperative medical images into a 3D digital twin of the patient's heart.The company claims the use of inHEART has shown a potential reduction in ventricular tachycardia (VT) procedure times by up to 60%. Moreover, image-guided ablations, facilitated by the inHEART solution, are reported to decrease VT recurrence rates by 38% compared to traditional ablation methods.The technology enables cardiologists to optimize treatment strategies and improve clinical outcomes for patients with heart rhythm disorders. The company obtained its CE certification for the EU in <a href="https://www.inheartmedical.com/news/inheart-receives-ce-certification-under-new-mdr-for-novel-ai-based-digital-twin-of-the-heart">May 2023 </a>and subsequently received FDA approval in <a href="https://sp-edge.com/updates/27776">March 2024 </a>.Key Customers and PartnershipsIn 2022, it achieved a milestone of performing 1,000 inHeart cases. The company’s first US customer was Hartford Healthcare in 2021 and first EU customer was AZ Sint-Jan in 2019.Funding and FinancialsIn <a href="https://sp-edge.com/updates/29151">May 2024,</a> the company secured USD 11 million in a funding round co-led by Vesalius Biocapital IV and Elaia Partners. The funds were allocated towards inHeart's commercial expansion and software development.

Norway-based Cognite is a provider of digital twin modeling software for an entire operation through complex industrial data. With machine learning and physics simulators, companies are able to use these for predictive maintenance, production optimization, and better decision-making.&nbsp;Its main solution Cognite Data Fusion offers an open industrial digital twin by integrating IT, operational, and engineering data from sources such as ERPs, MES, and IoT platforms. The data is cleaned and contextualized into a single location and turned into insights for actionable advice, which then is used to build and automate workflows. The company claimed to be the first company to <a href="https://sp-edge.com/updates/17445">achieve DNV-RP-A204 compliance </a>for its core product, Cognite Data Fusion.&nbsp;In <a href="https://sp-edge.com/updates/16217">February 2023</a>, the company advanced with new data-modeling capabilities to accelerate (up to 10–25x) deployments of industrial digital solutions and reduce cost and complexity for users. In <a href="https://sp-edge.com/updates/25399">January 2024</a>, the company launched the beta version of a GenAI remote operations control room at the Celanese facility to deliver real-time operational transparency.&nbsp;Key customers and partnershipsThe company provides its solution mainly to the oil and gas, power and utilities, and manufacturing sectors. Its key customers include Siemens and Rockwell Automation.&nbsp;The company had partnered with Microsoft in January 2024 to integrate Cognite Data Fusion with Microsoft Fabric and deliver an AI-powered industrial data operations solution. In June 2022, Cognite formed a joint venture, CNTXT, with Saudi Aramco to provide its digitization services in the Middle East region for the private and public sectors. Also, in October 2022, the company partnered with industrial automation company Rockwell Automation to develop an industrial data hub for the manufacturing sector by combining Rockwell’s software, FactoryTalk, and Cognite Data Fusion.Furthermore, in September 2022, the company partnered with Schlumberger to integrate Cognite Data Fusion to Schlumberger’s Enterprise Data Solution to contextualize data in an interoperable platform.&nbsp;Funding and financialsThe company raised USD 150 million in May 2021 in an equity funding round from TCV, which brought the valuation of the company to USD 1.6 billion. The funds were allocated toward expanding its platform to global industries.&nbsp;Furthermore, in January 2022, petroleum and gas company Saudi Aramco purchased 100% of Aker BP's shares in Cognite to own a majority stake of 7.4% at a value of USD 183 million.

Cognite

Nexar develops AI-powered connected dash cameras and software solutions for vehicles. The company's dash cameras record high-definition video footage of both the exterior and interior of vehicles, with models offering resolutions ranging from 1080p to 4K. Its products feature automatic incident detection, GPS tracking, parking mode surveillance, and cloud backup capabilities. The cameras connect to smartphones via WiFi and utilize an AI-powered mobile app that automatically saves important clips and allows users to access footage remotely. Nexar's product lineup includes several models like the Nexar One (featuring 4K resolution and LTE connectivity), Nexar Beam (a compact single-lens camera), and Nexar Pro (a dual-lens system for interior/exterior recording). The cameras use AI algorithms to detect collisions, hard braking events, and other incidents, automatically generating detailed reports with video evidence, location data, and speed information for insurance claims.
Key customers and partnerships
The company primarily serves individual drivers, ride-share operators, and commercial fleet operators. Nexar's technology particularly appealed to professional drivers, ride-share services like Uber and Lyft, and fleet management companies looking to monitor driver behavior and vehicle security remotely. The company also caters to parents monitoring teen drivers through its real-time alert and tracking capabilities.

Nexar

Seeq is a provider of data analytics enabling insights, predictions, and collaboration for better production and business outcomes.The company’s product portfolio includes software for data analytics including 1) Seeq Workbench for advanced analytics, 2) Seeq Organizer for publishing reports and dashboards, 3) Seeq Data Lab for accessing Python libraries, and 4) Seeq Cortex for IT governance, data connectivity, and calculation features. Furthermore, the company provides deployment via cloud, SaaS solutions, and on premise depending on the customer’s system.Key customers and partnershipsThe company provides its services in more than 40 countries focusing on process manufacturing industries, including oil and gas, pharmaceutical, chemical, energy, mining, and food and beverage. In June 2024, Seeq partnered with Equinor, an international energy company, to leverage Seeq's platform across Equinor's global assets.Seeq’s software is built on long-term vendor partnerships such as SIsoft, Honeywell (since 2017), and Siemens (since 2017). Seeq has also partnered with Amazon Web Services (AWS) and Microsoft Azure to develop features specific to their offerings, recognizing Seeq's expertise in providing cloud solutions for the manufacturing and industrial sector. Other partners include Schneider Electric and Inductive Automation.

Seeq

Q Bio provides a predictive assessment platform to analyze existential risk in an individual’s health. The company claims its platform, Gemini Digital Twin, is the fastest and safest scanner, and taking 15 minutes to scan the entire body.The company provides the Q Exam, which gathers millions of data points from the individual’s body, such as blood, saliva, and vitals, and sends results via a web-based Q Dashboard to the individual’s physicians. Data is facilitated via the Gemini platform that captures whole body patient vitals in a non-invasive manner.&nbsp;&nbsp;The company operates a B2B2C business model offering services via employers and to individuals. It charges membership plans for one year at USD 3,495 for one exam and USD 6,495 for two exams.&nbsp;Q Bio's is developing the Mark I scanner which uses proprietary tensor field mapping technology to offer full-body scans with 3,000 anatomical measurements in just 10 minutes, creating digital twins and large biological models for health insights. In <a href="https://sp-edge.com/updates/31878">July 2024</a>, Q Bio secured USD 27 million in strategic funding to propel the Mark I scanner toward market launch.&nbsp;Key customers and partnershipsIn May 2021, the company partnered with Amazon Web Services to provide Q Bio’s services on its cloud platform.

Q Bio

Israel-based Locusview has developed a digital construction management platform to allow companies to manage projects from start to end. The platform is supported by technological capabilities in physical assets, such as plastic and steel pipes, to enable a digital thread (information of an asset such as model or size) and for supply chain and asset traceability.&nbsp;The platform provides features to manage construction projects in and off the field including GPS and sensor-based data collection, fieldwork validations, cloud-based deployment and scaling, real-time progress tracking, online approvals, and built-in reports. Furthermore, companies can lease the complete solution or get a consultation for a customized solution.The company operates a B2B business model, providing its services mainly to the energy, utilities, and telecom industries.&nbsp;Key customers and partnershipsThe company’s customer base includes more than 30 leading energy utilities and telecom companies. The company has a market presence in India, the US, Australia, Mexico, the UK, and Israel.&nbsp;The company had partnered with Esri to offer a complete end-to-end solution for Esri-based utilities. &nbsp;&nbsp;&nbsp;Funding and financialsThe company raised USD 64 million in April 2021 in a Series A funding round led by Israel Growth Partners. The funds were used to expand the platform capabilities and for market expansion.

Locusview

Companies that facilitate the creation of digital twins to monitor and maintain assets, including buildings and network infrastructure.

Platforms that facilitate digital twin modeling by either collectively or individually offering any combination of data capture and analytics solutions.

Companies that offer digital twins to gain insights for use in commercial planning, logistics and distribution, and other supply chain processes.

Companies that offer digital twins to assess risks and recommend solutions in areas such as disaster management, DNA testing, clinical trials (to simulate effects of treatments), etc.

Companies that offer digital twins to design and build components contributing to smart cities, roads, airports, public transportation systems, etc.

Startups can create digital twins of cities; enables modeling/simulation to improve efficiency/quality of life

Startups can use digital twins to automate and proactively monitor industrial production lines and facilities

Digital twins are the primary enabling technology for the digital twin industry

<div>
 Digital Twin solution provider, inHEART, has raised USD 11 million in a funding round. The round was co-led by Vesalius Biocapital IV and Elaia Partners. Other participants included NACO, Sagana, Sofia Angel Ventures, and other investors.
 inHEART also sourced funds through a crowd equity campaign on Tudigo and received money from the UK-based impact fund Astorg Foundation. Collectively, these fund-raising initiatives have garnered USD 15.2 million for the company.
 The company aims to use the new funds for commercial expansion into the US, EU, Asia-Pacific, and Middle East markets. It also intends to increase development of its AI software solutions designed for various cardiac conditions.
</div>

InHeart

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