GRACE Secures €5.9 Million in Series Seed Financing
Deal News | Apr 04, 2025 | Goodwin
The Paris Technology team at the law firm Goodwin advised on the €5.9 million Series Seed financing of GRACE, a fintech company based in France and Switzerland. The investment round, led by the venture capital firm FinTech Collective and Speedinvest, included several prominent investors such as Firstminute Capital, Purple, Kima Ventures, Bpifrance, Sequoia Capital, and a16z, as well as five business angels. Founded in 2022 by Lou Dana, Quentin Roy, and Martin Lenweiter, GRACE specializes in offering protection against theft and loss for luxury brands. The fresh funds are earmarked to enhance GRACE's technology, improve integration with luxury brands, and facilitate international expansion. The legal team from Goodwin, specifically Thomas Dupont-Sentilles leading the team on corporate aspects along with Louis Tasl dHliand, and Marie Fillon and Louis de Chezelles working on IP aspects, played a crucial role in advising on this significant funding round.
Sectors
- Fintech
- Luxury Goods
Geography
- France – GRACE is a Franco-Swiss fintech company headquartered in France.
- Switzerland – GRACE is a Franco-Swiss company, denoting its business and operational ties with Switzerland.
Industry
- Fintech – GRACE operates as a fintech company by providing financial technology solutions for luxury brands, incorporating protection against theft and loss as part of their service.
- Luxury Goods – GRACE focuses on the luxury goods sector by offering their clients integrated insurance solutions tailored for high-end products.
Financials
- €5.9 million – The total amount raised in the Series Seed financing round for GRACE.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GRACE | Target Company | Company | A fintech startup offering theft and loss insurance for luxury brands. |
| FinTech Collective | Lead Investor | Company | A venture capital firm specializing in innovative financial services startups. |
| Speedinvest | Co-investor | Company | A venture capital fund partnering with FinTech Collective in this investment round. |
| Goodwin Procter LLP | Legal Advisor | Company | A law firm advising FinTech Collective on the funding round for GRACE. |
| Thomas Dupont-Sentilles | Legal Advisor | Person | Led the Paris Technology team from Goodwin advising on the corporate aspects of the financing. |
| Louis Tasl dHliand | Legal Advisor | Person | Part of Goodwin's team advising on corporate aspects of the deal. |
| Marie Fillon | Legal Advisor | Person | Part of Goodwin's team advising on IP aspects of the deal. |
| Louis de Chezelles | Legal Advisor | Person | Part of Goodwin's team advising on IP aspects of the deal. |