Demeter et al. invest €3.2m in I-Ten

Rhône Alpes invested via its R2V fund. The deal marks I-Ten's first fundraise.

The capital will be used to prepare I-Ten for the industrialisation phase of its products. The company will provide financing to its development lab to accelerate product pre-industrialisation, with the aim of realising the results of product testing in 18-24 months.

Company
Lyon-headquartered I-Ten was founded in 2011 in conjunction with ENS de Lyon and Laboratoire Interdisciplinaire Carnot de Bourgogne. The company has developed ultra-thin microbatteries, which it claims increases the energy stored in electronic circuits ten-fold.

I-Ten's microbatteries are designed to be eco-friendly; they are rechargeable, non-flammable and include neither heavy metal nor liquid electrolytes and therefore do not require specific recycling processes.

People
Fabien Gaben is the founder of I-Ten. Innovacom investment director Vincent Deltrieu, Demeter investment director Benjamin Wainstain and Rhône Alpes senior associate Gwenaël Hamon worked on the deal.

Advisers
Equity – Jones Day, Charles Gavoty, Paul Maurin (Legal); Marks & Clerk, Christian Nguyen, Sophie Esselin (IP due diligence); Fischbach et Associés, Frédéric Girault (Tax).
Company – Cabinet Lamy et Associés, Eric Baroin (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Early-stage
• Industrials
• France
• Demeter Partners