# Implicity funding: rounds and investors

> Implicity has raised $45M across 3 rounds since 2019. Investors include XAnge, Bpifrance and Serena. Every round with its source.

Source: https://millionrounds.com/company/implicity (Millionrounds; every figure on the page links to its filing or article)

France · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Implicity*

3 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Biotech Healthcare

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$45M** raised across 3 rounds since 2019, from 4 sources

**$4.5M** Round **$41M** Growth

- **Latest round:** Growth, $41M Sept 2026
- **Led by:** Iris Capital
- **Step-up i:** 9×
- **Investors:** 9 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025 2026

**$4.5M** Round

**?** Venture

**$41M** Growth

- **First round:** Round, $4.5M
- **Biggest round:** $41M
- **Usual gap between rounds:** 5.3 years

## The rounds

- **Sept 2026** Growth **$41M** *2 new* *3 returning* [Iris Capital](https://millionrounds.com/fund/iris) Lead [Bpifrance](https://millionrounds.com/fund/bpifrance) [XAnge](https://millionrounds.com/fund/xange) [Karista](https://millionrounds.com/fund/karista) [Five Arrows Sustainable Investments (FASI)](https://millionrounds.com/fund/five-arrows-sustainable-investments-fasi) Reported by Firms' own news pages and 1 other
- **Jul 2024** Venture **Amount undisclosed** *3 new* *2 returning* [Bpifrance](https://millionrounds.com/fund/bpifrance) [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) [XAnge](https://millionrounds.com/fund/xange) [Serena](https://millionrounds.com/fund/serena) [Karista](https://millionrounds.com/fund/karista) Source recorded
- **Mar 2019** Round **$4.5M** *4 new* [XAnge](https://millionrounds.com/fund/xange) [Serena](https://millionrounds.com/fund/serena) [Siparex](https://millionrounds.com/fund/siparex) [CapDecisif Management](https://millionrounds.com/fund/capdecisif-management) Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2019 **Venture** 2024 **Growth** 2026 [XAnge](https://millionrounds.com/fund/xange) [Bpifrance](https://millionrounds.com/fund/bpifrance) [Serena](https://millionrounds.com/fund/serena) [Karista](https://millionrounds.com/fund/karista) [Iris Capital](https://millionrounds.com/fund/iris) L [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) [Siparex](https://millionrounds.com/fund/siparex) [CapDecisif Management](https://millionrounds.com/fund/capdecisif-management) [Five Arrows Sustainable Investments (FASI)](https://millionrounds.com/fund/five-arrows-sustainable-investments-fasi)

## Everyone who backed them

[XAnge](https://millionrounds.com/fund/xange) VC firm **3** rounds

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **2** rounds

[Serena](https://millionrounds.com/fund/serena) VC firm **2** rounds

[Karista](https://millionrounds.com/fund/karista) VC firm **2** rounds

[Iris Capital](https://millionrounds.com/fund/iris) VC firm **1** round, led 1

[BNP Paribas](https://millionrounds.com/fund/bnp-paribas) VC firm **1** round

[Siparex](https://millionrounds.com/fund/siparex) Private equity **1** round

[CapDecisif Management](https://millionrounds.com/fund/capdecisif-management) VC firm **1** round

[Five Arrows Sustainable Investments (FASI)](https://millionrounds.com/fund/five-arrows-sustainable-investments-fasi) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=implicity).

## Quick answers about Implicity

### Who invested in Implicity?

Implicity's investors include XAnge, Bpifrance, Serena, Karista and Iris Capital, and 4 more on record. Iris Capital led its latest round.

### How much has Implicity raised?

Implicity has raised $45M across 3 rounds since 2019. One round did not disclose an amount, so the total is a floor.

### When did Implicity last raise?

Implicity's most recent round was a Growth of $41M in Sept 2026, led by Iris Capital.

### What was Implicity's biggest round?

Its most recent round, $41M in Sept 2026, is also its largest on record.

### Who backed Implicity first?

Implicity's first round on record, in Mar 2019, was backed by XAnge, Serena and Siparex and 1 others.

### What stage is Implicity at?

Implicity's latest named round is a Growth, in Sept 2026.

### Where is Implicity based?

Implicity is based in France.

### Who led Implicity's rounds?

Iris Capital led the Growth in 2026.

## Companies like Implicity

In the same sector, and raised in the last eighteen months.

[**Pigment** $483M · Oct 2026](https://millionrounds.com/company/pigment)[**Wiremind** $39M · Oct 2026](https://millionrounds.com/company/wiremind)[**Verso** $6.0M · Oct 2026](https://millionrounds.com/company/verso)[**Inbolt** $29M · Oct 2026](https://millionrounds.com/company/inbolt)[**Wealthcome** $25M · Sept 2026](https://millionrounds.com/company/wealthcome)[**HighLife** $140M · Sept 2026](https://millionrounds.com/company/highlife)

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