Demeter et al. inject €7m into Ideol

Demeter invested via the Demeter 3 Amorçage vehicle, which held a €43m first close in September 2012. Sofimac and Soridec invested through the FCPR Emergence Innovation I fund they jointly manage.

The fresh capital will allow Ideol to further finance the industrialisation of its Damping Pool solution. The business had previously received a €1m funding round in June 2011, backed by private investors and public funding from both the French Ministry of Higher Education and Research and Oséo.

Company
Founded in 2010, Ideol designs and produces floating foundations for offshore wind farms. Based in La Ciotat near Marseille, the company employs 12 staff.

People
Paul de la Guérivière is co-founder and CEO of Ideol.

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