Quadrivium 1 is a €56.1 million seed fund launched in 2013 by French venture capital firm Seventure Partners. It supports high-potential start-ups in the life science – including bio, health and clean technology – and digital and robotic technology sectors.
Botfuel has been chosen to join the Business France delegation to the 4th Web Summit, to be held in Lisbon from 6-9 November 2017. With 165 countries represented, 60,000 visitors and 1,500 start-ups, Web Summit is one of Europe’s largest tech conferences.
Founded in 2016 by Javier Gonzalez Helly and Yan Georget, Botfuel develops chatbots – computer programs able to hold conversations – for business. Based on artificial intelligence and machine learning, through which computers learn without being programmed, they allow companies to use conversational intelligence to optimise customer relations.
The start-up raised €1.3 million at the beginning of 2017 from the EU-backed Quadrivium 1 seed fund. This has helped it speed up commercial development of its chatbot platform.
“This nomination is excellent news for the Botfuel teams. It allows them to increase their visibility in the market and shows their enormous potential for innovation” says Quadrivium 1 investment director Philippe Tramoy.
Seventure Partners' Quadrivium 1 fund finances start-ups linked to its 12 academic partner institutions. MilliDrop received €1 million from the fund in 2016.
MilliDrop designs and develops systems for locking bacteria into drops of water. This allows them to grow quicker than cultivating them in test tubes or Petri dishes, making analysis easier. For founder and CEO Laurent Boitard, “MilliDrop condenses the world of bacteria into a droplet.” The technology meets a growing need for analysis of microorganisms in industrial and academic research and medical diagnostics.
Laurent Boitard was named among the top 10 French innovators under 35 for 2016 by the Massachusetts Institute of Technology’s Technology Review. MilliDrop also won the innovation award at France’s Forum Labo 2017 laboratory exhibition.
Partners - Academic institutions and universities: