About Provence Business Angels
Provence Business Angels, established in 1997, is an angel investment group based in Marseille, France. It primarily focuses on Seed investments in companies in France. Its portfolio includes 12 firms, spanning the High Tech, Consumer sectors. Its most notable investments include companies like Navily, Notilo Plus and DualSun. Its latest investment was a $962K Series A round in Defthedge on Feb 14, 2023 along with Be Angels.
To date, 22 investors have co-invested in Provence Business Angels's portfolio companies, including prominent names like Turenne Groupe.
Provence Business Angels' List of Top Investments
Provence Business Angels has a portfolio of 12 companies. Their most notable investments are in Defthedge and SENSING-LABS.Their portfolio spans across and France. They have invested in High Tech, Consumer, Retail and 11 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Provence Business Angels:
1. Navily
Navily provides a cruising guide for the booking service. It offers a mobile application that includes reviews on anchorages and marinas and users can book a berth via the app. The application is available on google play and apple store.
Key facts about Navily
- Founded Year: 2014
- Location: Nice (France)
- Stage: Seed
- Total Funding till date: $1.32M
- Employee Count: 29 as on Aug 31, 2026
- Investors: Turenne Groupe, Courtin Investment and 3 Others
- Latest Funding Round: Seed, Jun 28, 2018, $*****
- Highlight: Editors' Pick
2. Notilo Plus
Developer of underwater robotic systems, data management, and AI-powered analysis. The company provides remotely operated vehicles for underwater inspections. It offers data management solutions and automated report generation from underwater video. The company's products support data collection and analysis.
Key facts about Notilo Plus
- Founded Year: 2015
- Location: Marseille (France)
- Stage: Series A
- Total Funding till date: $2.23M
- Employee Count: 17 as on May 31, 2026
- Investors: Turenne Groupe, Europa and 3 Others
- Latest Funding Round: Grant (prize money), Sep 01, 2020, $*****
- Highlight: Editors' Pick
3. DualSun
Manufacturer of hybrid solar panels providing electricity and thermal energy. These systems integrate photovoltaic technology with thermal collection to generate power and heat for buildings. By coupling these panels with heat pumps, the technology facilitates water heating and space climate control. The hardware is designed to maximize self-consumption of solar energy by utilizing excess thermal output. Technical support and digital tools are provided to assist with project assessment and system monitoring. The equipment is suitable for residential and commercial applications, offering a method to reduce reliance on external energy sources through integrated solar solutions.
Key facts about DualSun
- Founded Year: 2008
- Location: Marseille (France)
- Stage: Series B
- Total Funding till date: $14.5M
- Employee Count: 61 as on Aug 31, 2026
- Investors: Noria, Turenne Groupe and 8 Others
- Latest Funding Round: Series B, Sep 01, 2022, $*****
4. iBubble
iBubble has developed an autonomous underwater cameraman robot which can follow a person and picture them while diving. The robot is capable of diving along with the swimmer and follows a particular diver along his path capturing footage of the dive. The robot can also be manually controlled during a dive and camera modes can be changed remotely by a bracelet. The robot comes with a professional grade camera and image stabilization system for better filming.
Key facts about iBubble
- Founded Year: 2015
- Location: Lyon (France)
- Stage: Seed
- Total Funding till date: $3.52M
- Investors: Investisseur Prive, Turenne Groupe and 3 Others
- Latest Funding Round: Seed, May 24, 2018, $*****
- Highlight: Editors' Pick
5. Fenotek
Fenotek has developed Hi! , a connected video doorbell for the front gate. The video doorbell allows the user to have two-way voice communication and one-way video to allow the user to see who is at the gate. When the doorbell is pressed it sends a notification to all members of families who have the companion application installed. The user can also view the front gate video in case movement is notified by the device. The device managed to raise over $50K in Indiegogo campaign.
Key facts about Fenotek
- Founded Year: 2015
- Location: Meyreuil (France)
- Stage: Seed
- Total Funding till date: $2.32M
- Employee Count: 2 as on Jul 01, 2024
- Investors: ISource Gestion, Credit Agricole and 6 Others
- Latest Funding Round: Seed, Jan 06, 2017, $*****
Provence Business Angels' Year-on-Year Investment Trends
Provence Business Angels has invested in 12 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Woodland Garden and most recent follow-on round was in Defthedge.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 1 | 2 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 2 | 0 | 2 |
2019 | 0 | 0 | 0 |
2018 | 3 | 1 | 4 |
2017 | 2 | 0 | 2 |
Provence Business Angels' Investments by Stage
Provence Business Angels has made 10 investments in Seed stage with an average round size of $1.32M and 2 investments in Series A stage with an average round size of $1.96M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 2 |
Note: We have considered here, only first round of investments
Provence Business Angels' Investments by Sector
Provence Business Angels has a diverse portfolio, with companies operating in the High Tech, Consumer, Aerospace, Maritime and Defense Tech, Energy Tech and Environment Tech. Notably, it has invested in 9 Tech companies, 7 Enterprise (B2B) companies, 5 Consumer (B2C) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 4 |
Consumer | 3 |
Aerospace, Maritime and Defense Tech | 2 |
Energy Tech | 2 |
Environment Tech | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
Provence Business Angels' Investments by Geography
Provence Business Angels has made most investments in France (12).Provence Business Angels' recent investments
Provence Business Angels has not made any investment in 2026 so far.Here are the most recent investments by Provence Business Angels:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 14, 2023 | France | Series A | 4272 | ||
Jan 03, 2023 | France | Seed | 1902 | [+2] | |
May 17, 2022 | France | Seed | 8381 | - | |
Aug 27, 2021 | France | Seed | 1859 | ||
Sep 04, 2020 | France | Seed | 5897 |
Co-investors of Provence Business Angels
Over the past 12 years, 29 investors have co-invested in Provence Business Angels's portfolio companies. This includes only funds.
- Invested before Provence Business Angels: Investisseur Prive and Kapinno have invested in rounds before Provence Business Angels. There is 1 company where Investisseur Prive has invested before Provence Business Angels and 1 company where Kapinno has invested before Provence Business Angels.
- Top Co-investors of Provence Business Angels: 22 investors entered a company along with Provence Business Angels. These include investors like Turenne Groupe (3 companies).
- Invested after Provence Business Angels: A total of 5 investors have invested in Provence Business Angels's portfolio after their investments. Top Investors include Europa (2 companies) and Turenne Groupe (1 company).
Recent News related to Provence Business Angels
•
France-based Defthedge bags €900K for its currency, commodity risk management softwareSilicon Canals•Feb 14, 2023•Defthedge, Provence Business Angels, Be Angels
•
Grinta raised 2 million euros this weekusine-digitale.fr•Aug 29, 2021•Grinta, Provence Business Angels, South Investment Region, Inspiring Sport Capital
