"Demeter Secures €3.6 Million Funding for Allergen Alert's Innovative Allergy Detection Technology"

"Joffe & Associés advised Demeter in a €3.6 million fundraising for the Lyon-based startup Allergen Alert, which develops portable technology for rapid detection of food allergens and gluten. The funding, facilitated by the FAIM Lyon/Saint-Étienne fund alongside bioMérieux and various banks, will help Allergen Alert finalize technical developments, accelerate industrialization, and prepare for large-scale commercial deployment."

**Press Release Summary** The law firm Joffe & Associés advised Demeter, a major European player in private equity focused on ecological and industrial transition, in connection with the €3.6 million fundraising by the startup Allergen Alert. This transaction was conducted through the Fonds d’Amorçage Industriel Métropolitain (FAIM) Lyon/Saint-Étienne, alongside bioMérieux and a banking pool that included Bpifrance and private banks. Based in Lyon, Allergen Alert is developing an innovative and portable technology for the rapid detection of food allergens and gluten, addressing a crucial public health issue. The solution, which is the result of a technology transfer from bioMérieux, aims to significantly reduce exposure risks for allergic and celiac individuals. This new funding round will enable Allergen Alert to finalize its technical developments, accelerate its industrialization, and prepare for large-scale commercial deployment. The Joffe & Associés team involved in this transaction included Thomas Saltiel, partner, and Paddy Pascot, lawyer.

"Demeter Secures €3.6 Million Funding for Allergen Alert's Innovative Allergy Detection Technology"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads