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Greenerwave

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Reconfigurable intelligent surfaces for electromagnetic wave control

Paris, FranceFounded 2015Semiconductors
Valuation $50–100M Last recorded · 2024
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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About Greenerwave

Greenerwave is a French deep-tech company founded in 2015 as a spin-off from the Langevin Institute, a joint research center of ESPCI Paris and CNRS. The founders are Geoffroy Lerosey, a former CNRS researcher, and Mathias Fink, a professor at ESPCI Paris. Their work is based on pioneering research in shaping electromagnetic waves that began in 2012, adapting concepts from optics to microwaves.

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The company's core technology revolves around reconfigurable intelligent surfaces (RIS) and advanced, physics-inspired algorithms that enable the dynamic, real-time steering of electromagnetic waves. This approach shifts complexity from hardware to software, using simple, off-the-shelf electronic components to create metasurfaces that act like controllable mirrors for radio waves. This results in solutions that are significantly more energy-efficient, less expensive, and less reliant on semiconductors compared to traditional technologies like phased arrays. The technology is protected by a portfolio of at least nine patents.

Greenerwave's business model is focused on developing and commercializing products for several key markets: satellite communications (SatCom), terrestrial telecommunications (5G/6G), radar, and RFID. Its primary product is a low-power, electronically steerable flat-panel antenna for the SatCom market, designed to provide multi-orbit (GEO/LEO) connectivity for on-the-move applications in the defense, aerospace, and automotive sectors. These terminals offer an agnostic solution compatible with various satellite constellations and communication protocols. The company serves clients including satellite operators, defense agencies, and major industrial players.

Since its inception, Greenerwave has secured significant funding, including a Series A round of €15 million in February 2024, bringing its total funding to over $16 million. Key investors include Safran Corporate Ventures, Intelsat, BNP Paribas Développement, Plastic Omnium, and the French government's Defence Innovation Fund managed by Bpifrance. Headquartered in Paris, the company has expanded its operations with a new office in the aerospace hub of Toulouse to accelerate industrialization and testing. As of mid-2025, the company employed nearly 120 people.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Paris, France
Employees
116
Open positions
None listed
Dealroom signal
74.1/100
Sector
Semiconductors, Telecommunications, Recycling, Bluetooth, Electromagnetic, Spinout, Sustainable Development Goals, EIC, Space Tech, Satellites, Industrial Technology
Technology
Hardware, Deep Tech
Business model
SaaS
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Feb 2024 $17M $66M Bpifrance · Intelsat · Safran Corporate Ventures · OPmobility ↗
GRANT✓Other financing Mar 2023 $2.5M — European Innovation Council —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearProfitMargin
2026 —
2025 —
2024 —
2023 —
2022 —
2021 —
2020 —
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Growth signals

Greenerwave website traffic

Latest recorded traffic for Greenerwave is 620 monthly website visits, down 70.5% over the last three months. Greenerwave's team grew 1.8% over the past year.

Latest monthly visits620 3-month web change-70.5% 1-year team growth+1.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

19 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council

Series A5 investors entered at this stage

  • Bpifrance
  • Intelsat
  • Safran Corporate Ventures
  • OPmobility
  • BNP Paribas Développement

Other known investors13 additional known investors

  • 28DIGITAL Accelerator
  • HEC Paris
  • CASSINI Initiative
  • CNRS Innovation
  • ESPCI Paris - PSL University
  • EUSPA
  • French National Centre for Scientific Research - CNRS
  • HEC Challenge+
  • PSL University
  • CEEI NCA
  • Kima Ventures
  • PC’Up Incubator
  • SpaceFounders
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇫🇷 France98%
🇮🇳 India1%
🇨🇳 China1%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Greenerwave on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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