360 Views on Tech — February 2023

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5 min readFeb 28, 2023

Hi there 👋, welcome to the newest version of the 360 Capital Newsletter. Each month we bring you a full-circle view of the ecosystem and our portfolio’s latest news and insights.

If you’re reading this, it means you are a potential investor, collaborator, operator, tech-lover or are just interested in learning more about what 360 capital is doing and we’re glad you’re here.

Now, let’s dive in!

🌟 Breaking news: Exotrail raises $58M to pursue its ambitions for space mobility

Exotrail, in which we invested at Seed stage in 2018, is a French company focused on space logistics with the goal of making satellite constellations economically and environmentally sustainable. The company offers products for satellite mobility optimizing deployment, increasing performance and reducing space pollution. Products include propulsion systems, mission design software, and in-space logistics services.

Exotrail has raised 58 million dollars in a Series B fundraising round, with the support of new investors including Bpifrance, Eurazeo, CELAD, and all of Exotrail’s historic investors including 360 Capital. The funds will be used to scale-up existing products such as spaceware™ electric propulsion systems and spacestudio™ mission design software, as well as to introduce new offerings such as spacetower™ operations software and spacedrop™ space logistics service. The company also plans to expand its international presence, with a strong focus on the US and Asian markets.

Despite challenging times, the funding was oversubscribed due to the company’s strong commercial performances, which showed steady triple-digit growth in revenue over the past few years and tripled its backlog in last year. With a current workforce of 90 employees, Exotrail plans to hire over 70 additional people globally in the next year. Its customer base is spread across North America, Europe, and parts of Asia, and includes a mix of both commercial and institutional players across the industry, from launch service providers to satellite manufacturers and operators.

🔴🟠🟡 360 Capital is proud to follow Exotrail in its skyrocketing growth since day one!

🎉 360° of portfolio: news from February

Pierre Desjardins, CEO & co-founder of C12

C12’s Pierre Desjardins made the front page of Forbes [in French] with optimistic and engaged stance on French Quantum Computing. He encourages investors and deciders not to back down on Deeptech and quantum hardware, as he sees a real analogy with the beginnings of ‘traditional’ computing chips years ago. C12 is aiming a first integration of their quantum processors in a classical computer system by 2025.

Unicorn Exotec has added two key executives to its North American office to support strong position across the Atlantic. Both executives bring experience and expertise to support Exotec’s exponential growth in North America, where the company tripled its revenue last year, and plans to double its workforce by 2024.

Aymeric, CEO of 900.care discussed the bumpy — though exciting — ride of introducing their products into retail stores nationwide. A great tell on how to stay laser-focused while building a DNVB, as well as the struggles entrepreneurs face when penetrating — and leaving — the mysterious ways of supermarkets distribution.

Aymeric, CEO of 900.care on Le Panier Podcast [in French]

Heroes, a leader in FBA consolidation has announced a new brand acquisition to their platform. Heroes, a fast-growing e-commerce company, has been snapping up a large number of pregnancy and baby brands. This new acquisition will help them secure the model based on Amazon synergies.

Strong of a fresh €6m round raised in July 2022, 360’s Phononic Vibes are stepping up against noise pollution. The Italian DeepTech startup has set the reduction of its carbon footprint as a primary goal and intends to do so by using recycled raw materials as a priority, and investing in ESG reporting solutions to track their products’ lifecycle and measure their environmental impact.

Portfolio company SOPHiA GENETICS has taken a step forward in cancer analysis. With a new agreement with MSK, a Leading US Cancer Center, the companies will develop together a technology of precision medicine and therefore collect data on cancer treatment.

Arbe (NASDAQ: ARBE), our portfolio company was recognized as a soonicorn by Tracxn in its Top Sensors Startups ranking 2023. Arbe is developping new technologies in the Radar industry. By enabling truly safe driver-assist systems, Arbe is paving the way to full autonomous driving.

🎊 Congratulations to three of our portfolio companies, Exotec, PROPHESEE and Cubyn that made the coveted Next 40 and FT 120 ranking in France. The French Tech Next40/120 is a government support program dedicated to the most successful French start-ups with the capacity to become world-class technology leaders. We’re proud to support Deep Tech & Logistics companies on their paths to become key international players.

💼 Our portfolio companies are hiring !

Cubyn is looking for a new Senior Software Engineer in Paris.
Exotec is seeking its new Senior Sales Engineer in Lille.
Have a look at the 193 remaining offers here !

👋 What about us?

360 Capital was recognized one of the “real few” Defence Tech investors in Europe in a Sifted piece.
We’re happy to welcome Florian Auban to the team! From an engineering & business school background, he has accumulated a decade of experience first in VC and then in operations, acting as COO of Selency for 6 years.
Welcome to Julia Najman as well! Coming from a business school background, she has prior experience in VC and growth operations. We’re looking forward to her contributions to our team as an Analyst.
Youssef El Arjoun has just joined us from French unicorn Mirakl! Welcome to the team!