# Ray studios funding: rounds and investors

> Ray studios has raised $12M across 1 round since 2025. Investors include Bpifrance, Gaingels and Kima Ventures. Every round with its source.

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

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

# Who invested in *Ray studios*

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

Beauty

Raised 11 months ago

Funding summary Updated 26 Oct 2026

**$12M** raised across 1 round since 2025, from 1 source

- **Latest round:** Venture, $12M Dec 2025
- **Investors:** 3

See who backed them

## The rounds

- **Dec 2025** Venture **$12M** [Bpifrance](https://millionrounds.com/fund/bpifrance) [Gaingels](https://millionrounds.com/fund/gaingels) [Kima Ventures](https://millionrounds.com/fund/kima-ventures) Source recorded

## Everyone who backed them

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **1** round

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

[Kima Ventures](https://millionrounds.com/fund/kima-ventures) VC firm **1** round

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

## Also claim to have backed them

This firm lists Ray studios as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Nickleby Capital](https://millionrounds.com/fund/nickleby-capital) VC firm Per its own site

## Quick answers about Ray studios

### Who invested in Ray studios?

Ray studios's investors include Bpifrance, Gaingels and Kima Ventures.

### How much has Ray studios raised?

Ray studios has raised $12M across 1 round since 2025.

### When did Ray studios last raise?

Ray studios's most recent round was a Venture of $12M in Dec 2025.

### What was Ray studios's biggest round?

Its most recent round, $12M in Dec 2025, is also its largest on record.

### Who backed Ray studios first?

Ray studios's first round on record, in Dec 2025, was backed by Bpifrance, Gaingels and Kima Ventures.

### What stage is Ray studios at?

Ray studios's latest named round is a Venture, in Dec 2025.

### Where is Ray studios based?

Ray studios is based in France.

## Companies like Ray studios

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

[**Byome Labs** $4.2M · Sept 2025](https://millionrounds.com/company/byome-labs)[**Novëm** $382K · May 2025](https://millionrounds.com/company/novem)[**Lovi** $15M · Oct 2026](https://millionrounds.com/company/lovi)[**Nat Habit** $25M · Oct 2026](https://millionrounds.com/company/nat-habit)[**Peep Beauty** $1.2M · Sept 2026](https://millionrounds.com/company/peep-beauty)[**Arey** $8.4M · Sept 2026](https://millionrounds.com/company/arey)

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