Clim8, a French wearable technology startup, has raised €2.75 million from Agileo Ventures, the Deveaux Group and Seventure Partners, which is investing from its Sport & Performance Capital fund.
Founded in 2016, the Lyon-based company has patented thermal textiles for active wear. “We are the only ones today to offer a breakthrough technology in active thermoregulation to generate comfort that adapts in real time to the user and the environment,” explains CEO Florian Miguet.
According to a press release, the business makes over half of its sales outside of France, namely to outdoor sports equipment brands in Europe (Odlo, Ixon), South Korea (K2 Korea), Japan (TheNorthFace) and the US (W.L. Gore, Burton). “Since our beginning, premium brands we partnered up with have appreciated and recognized our deep technical and scientific knowledge and trust us to engineer the thermal clothing of tomorrow,” adds Miguet.
The Series A round will go to three business initiatives. For expansion, the company wants to introduce its products to the industrial and defense sectors and continue to enter new international markets. To develop its technology, the deeptech team will create the “Clim8 Lab”, a research and development hub that will ideally “give greater agility in the development of new products and prototyping”. As for the team, new members will come on board to support the next phase of growth.