Business Wire

eLichens Raises over 3 Million Euros to Develop and Deploy Air Quality Solutions and Personalized Services

29.7.2016 09:51 | Business Wire

Del

eLichens, developer of software solutions and miniaturized sensors to digitalize air quality, announces a strategic fund raising of over 3 million euros from Emertec, ISource, Sofimac, Aereco, BPI France and Business Angels of the France Angels networks. This fundraising allows eLichens to accelerate the time to market of smart sensor products and the deployment of its solutions for the consumer and industrial markets in gas/pollutants detection, analyses & prediction.

eLichens solutions and services bring a true differentiator for monitoring and predicting air quality. eLichens solutions enable the information associated with the air quality to be hyper-local, relevant and personal, thus it becomes an essential part of improving our lives.

Innovative and patented eLichens solutions are developed jointly with leading research laboratories and especially with CEA-Leti. These solutions have numerous applications in industrial, smart home, smart city (through a deployment in 2016), and more broadly the consumer electronics markets. eLichens has already successfully secured strategic contracts with key players of these market segments.

"We are very proud to have the confidence of our investors in this new adventure. This fundraising allows us to pursue three main objectives: to deliver our products to our first customers, to recruit new talents and to step up our investment in innovations as to complement our technology portfolio. Our ambition is to become the leader in air quality services" said Wahid ISSA, CEO of eLichens.

eLichens, with its optical micro-sensors technology introducing ultra-low power consumption, brings a strong innovation in the air quality market. Its consequent patents portfolio defines its technological breakthrough. eLichens’ experimented management team has secured, in a short period of time, important industrial partnerships and EMERTEC, via its fund EMERTEC 5, is delighted to accompany this company in its ambitions” explains Olivier BORDELANNE, Investment Director in EMERTEC.

Wahid, Marc and Yanis were part of the team Movea which we supported few years earlier. This team combines industrial expertise with start-ups spirit and technical expertise with a strong and savvy business development and marketing background. From the start, they have elaborated their project around unique competencies, major industrials and disruptive technologies to provide the means of great ambition. With France business angel networks with whom we co-invest in this round (Grenoble BA, Angel’s Bay Invest, Badge, Women and Paris BA), and a fund managed by Sofimac Partners, we have been immediately seduced by their global strategy with a strong presence in the US, Europe and Asia, for a solution that affects the entire planet" commented Nicolas BOULAY, Partner at iSource.

Contact information

eLichens
Marc ATTIA, +33 (0)6 03 25 85 39
CMO
marc.attia@elichens.com
www.elichens.com
or
Olivier BORDELANNE, +33 (0)6 84 31 71 68
Investment Director
obordelanne@emertec.fr
www.emertec.fr
or
Nicolas BOULAY, +33 (0)1 45 01 46 46
Partner
nboulay@isourcevc.com
www.isourcevc.com
or
François MICELI, +33 (0)4 37 26 20 97
Managing Partner
f.miceli@sofimacpartners.com
www.sofimacpartners.com

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