Orano joins forces with Supernova Invest to launch the Orano Venture Fund, which will invest in startups in the circular economy and advanced industrial technologies
Today, as part of the Paris Hello Tomorrow event devoted to deeptech startups, Orano and Supernova Invest announced the launch of Orano Venture Fund, an investment fund dedicated to sovereign and sustainable industrial transition. With €50 million for Orano, the fund will give priority to high-potential French and European startups in the fields of the circular economy and advanced industrial technologies, with the aim of meeting the challenges of decarbonization.
Born out of the determination of Orano and Supernova Invest to participate in the decarbonization of the European economy, at a time when certain geopolitical circumstances have highlighted the importance of sovereignty in specific value chains, this
fund aims to catalyze the development of deeptech startups active in the industrial and sustainable transition.
As a recognized international Group in the nuclear materials sector, Orano has joined forces with Supernova Invest, a leader
in deeptech investment, to amplify its outreach efforts on decarbonization issues, with the aim of supporting the long-term development of the nuclear industry, securing the production of strategic materials, and accelerating circular economy solutions.
Orano wants to create more alliances with startups, offering them access to its industrial know-how and cutting-edge 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.
French and European scope
With assets under management of more than €750 million, the Supernova Invest team is split between Paris and Grenoble, and has robust and longstanding ties with the world of research. The threefold expertise of their investors (scientific, financial, and operational) and their proven ability to support the industrial development and commercial growth of deeptech in the energy sector, will be mobilized to enable Orano Venture Fund to rapidly emerge as a solid partner not only in France, but also in Europe.
David Claverie, Orano's Chief Financial Officer, commented: "With this fund, we aim to create more synergies with deeptech ecosystems in France and Europe. Our ambition here is to support high-potential startups in the fields of the circular economy and advanced industrial technologies, in order to meet the challenges of decarbonization. We are delighted to join forces with Supernova Invest, a leader in deeptech investment, for the launch of Orano Venture Fund, an investment fund dedicated to sovereign and sustainable industrial transition. This is a first for Orano, even though we already have a long history of collaborating with startups to accelerate our innovation cycles.”
"We are thrilled to be joining forces with Orano to support deeptechs in the circular economy and advanced industrial technologies," says Pierre-Emmanuel Struyven, President and Managing Partner of Supernova Invest. "We believe that the future of industry will be decarbonized and technological or it won't happen. The success of the current French and European industrial rebuild will depend on profoundly transformative deeptech companies, which have the technological potential to disrupt value chains, and which can count on industrial support to deploy their solutions, including internationally. Orano's involvement can be a decisive factor in this. This fund confirms its status as a leading sovereign investor in deeptech, and strengthens its investment capacity at European level".
Press Contact
Orano Contact
Samira TAGUINE
samira.taguine@orano.group
+33 6 31 73 47 39
Supernova Invest Contact: Vae Solis Communications
Oscar BONNAND
oscar.bonnand@vae-solis.com
+33 7 61 31 87 26
Matthieu SENECOT
matthieu.senecot@vae-solis.com
+33 6 51 92 53 14
About Supernova Invest
Supernova Invest is a leading European deeptech investment platform with more than 750 million euros under management. Supernova Invest 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 pioneered growth funding of 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). The company is backed by the Crédit Agricole Group, Amundi, Europe's leading asset manager, and CEA, Europe's leading public research organization.