Apix raises first €3.7m round

The company's backers in the round include French VC Emertec Gestion, Alpes Capital Innovation, the Amorçage Technologique Investissement fund, the Rhône-Alpes Création Viveris Venture Fund and the VC arms of Air Liquide and industrial group Engie.

Apix intends to use the fresh funds to consolidate its industrialisation process. Having recently secured its first clients from the industrial sector, the business now has plans to develop its activity in the petrochemical process-monitoring and environmental fields.

Company
Founded in 2014, Grenoble-headquartered Apix Analytics is a start-up that specialises in the manufacture of highly miniaturised silicon multi-gas analysers.

Focusing on natural gas measurements and petrochemicals process monitoring, the business claims to have developed the sector's first gas chromatography device to be used in explosive atmosphere environments.

People
Investment manager François Breniaux led the deal on behalf of the Amorçage Technologique Investissement fund, while advanced technology and markets director Pierre-Etienne Franc represented Air Liquide. Rhône-Alpes Création was represented by senior associate Mathieu Viallard, Emertec by Olivier Bordelanne and Alpes by Yvan Noble.

Philippe Andreucci is CEO at Apix Analytics, having co-founded the start-up alongside technical director Pierre Puget and product development director Eric Colinet, who also worked on the deal.

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• France
• Industrials
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