From EU Startups, October 27:
Valence-based Dracula Technologies, a pioneer in enabling battery-free IoT through energy harvesting from ambient indoor light, announced the completion of its Series A extension round, bringing the total Series A funding to €30 million.
The extension round includes participation from existing investor Banque des Territoires, acting on behalf of the French State under the “France 2030” programme, and leading the financial operation, together with MGI Digital Technology Group, an industrial partner in digital printing technologies. The round also welcomes the European Innovation Council (EIC) Fund as a new strategic partner.
“I am very proud of this achievement, which wouldn’t have been possible without the commitment and hard work of our team, and the continued support of our long-standing investors – now joined by the EIC Fund,” said Brice Cruchon, CEO and Founder of Dracula Technologies. “With this support, we will strengthen our industrial base in France, lay the groundwork for future manufacturing closer to key markets, and begin discussions with industrial partners to accelerate global deployment.”
Dracula Technologies’ extension situates the French company within a broader European trend of investment in clean and smart-energy solutions.
In 2025, EU-Startups has highlighted related activity in adjacent sectors – such as Germany’s etalytics, which secured €16 million to expand its AI-driven energy-optimisation platform, and Spain’s Clevergy, which raised €3.2 million to scale its smart-energy platform across Europe.
While these firms address efficiency and solar integration, Dracula Technologies’ niche – battery-free IoT powered by ambient indoor light – remains distinct, with no equivalent 2025 funding rounds reported in this space....
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