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

Regulatory News:

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

Orano has entrusted Supernova Invest with the management of the €50 million Orano Venture Fund, which will invest in around twenty European deeptech startups at the seed or series A stage. The sectors targeted are those of the circular economy (including recycling and production of strategic materials, value creation from industrial co-products, and digital traceability of materials) and advanced transformative technologies serving the industrial performance and engineering of tomorrow (advanced process control and optimization, predictive maintenance, interventional robotics for harsh environments, simulation and foresight taking account of climate impact). The startups we seek will be responding to the challenges of industrial transition, with a strategy of sustainable development.