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Orano Partners With Supernova Invest to Launch Venture Fund

Orano, a Châtillon, France-based international operator in the field of nuclear materials. and Supernova Invest announced the launch of Orano Venture Fund, an investment vehicle dedicated to sovereign and sustainable industrial transition.

With €50m, Orano Venture Fund will invest in around twenty European deeptech startups at the seed or series A stage. The sectors targeted are those of the circular economy (including recycling and production of strategic materials, value creation from industrial co-products, and digital traceability of materials) and advanced transformative technologies serving the industrial performance and engineering of tomorrow (advanced process control and optimization, predictive maintenance, interventional robotics for harsh environments, simulation and foresight taking account of climate impact). The fund will give priority to high-potential French and European startups.

Orano plans to partner with startups, offering them access to its industrial know-how and infrastructures to fast-track their development. Supernova Invest, for its part, will bring its expertise in deeptech investment to bear, underpinned by its privileged exposure to the sector in Europe (over 100 investments made in this area, with a current portfolio of 84 startups) and its multi-technology dimension.

Supernova Invest is a European deeptech investment platform with more than €750m under management. The firm is backing more than 80 high-impact deeptech companies developing products and services based on disruptive innovations in four key sectors: healthcare, energy and agricultural transition, industry 4.0 and digital technologies. Over the past 20 years, Supernova Invest has provided growth funding to major technological and industrial champions across the entire innovation capital lifecycle (seed, venture capital, late stage), with the aim of bringing together the deeptech value chain around its portfolio companies (industrialists, research centers and co-investors). Supernova Invest is backed by the Crédit Agricole Group, Amundi, Europe’s leading asset manager, and CEA, Europe’s leading public research organization. 

VCWire

25/03/2024