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Investments

5

Portfolio Exits

1

About Michelin Ventures

Michelin Ventures is the corporate venture arm of Michelin.

Michelin Ventures Headquarters Location

23 Place des Carmes

Clermont-Ferrand, 63040,

France

(33) 4 73 32 20 00

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Latest Michelin Ventures News

French firm Carbios strengthens its BoD and executive committee

Jul 7, 2021

Fibre2Fashion Toggle navigation 07 Pic: Carbios Carbios, a French firm pioneering new enzymatic solutions to reinvent lifecycle of plastic and textile polymers, has announced nomination of Mieke Jacobs, Vincent Kamel, Business Opportunities for L’Oréal Development (BOLD) and Michelin Ventures to its board of directors (BoD), and nomination of Lise Lucchesi and Vanina Varlamoff to its executive committee. The appointments of Jacobs and Kamel further strengthen Carbios’ BoD. Their strategic vision, as well as their deep knowledge of the polymers and recycling industry, will support Carbios as it expands and industrialises, according to company’s press release. “Previously observers on the BoD, BOLD, Business Opportunities for L’Oréal Development represented by Laurent Schmitt, and Michelin Ventures, represented by Nicolas Seeboth, also joined the company’s BoD as new members. Following Carbios’ last capital increase, these two funds respectively hold 5.91 per cent and 4.36 per cent of the company’s capital,” the company added. In parallel, Carbios’ chief executive officer Jean-Claude Lumaret appointed Lucchesi, Carbios’ intellectual property director and Varlamoff, Carbios’ legal affairs and human resources director, to the executive committee. This new structure, which became effective on July 1, 2021, aims to contribute to the implementation of the company's overall strategy. “At this exciting time in our industrial growth, I am delighted that Lucchesi and Varlamoff have been appointed to Carbios’ Executive Committee,” Lumaret, CEO at Carbios, said in the release. “Our company is approaching a significant phase, and their knowledge and experience are significant and valuable assets to our executive team. The nomination of Jacobs and Kamel, as well as BOLD and Michelin Ventures, to Carbios’ BoD, will also have a major influence in bolstering Carbios' move to industrialisation. I would like to express my gratitude to the outgoing board members, Pascal Juery and Godefroy Motte, for their structuring role and assistance during the phases of Carbios' early development.”   Jacobs holds a master’s degree in economics/engineering from the University of Leuven in Belgium and the University of Bilbao in Spain. Based in Belgium, Jacobs has more than 20 years of industrial experience, including global roles in managing operations, supply chain, HR and large change management in Du Pont de Nemours and has been involved in several of the strategic shifts within the company. Kamel is an engineer from École Centrale de Lyon, with more than 35 years’ experience within the polymer and chemical industry (Rhone-Poulenc, Rhodia, Solvay) in France and abroad (China, Korea, Brazil). Vincent has held leading positions such as managing director of the Solvay Polyamide Division, director of Coatis Business Unit and Asia director for Engineering plastics. Lucchesi is a biotechnology engineer, holding the CEIPI diploma (Center for International Intellectual Property Studies) and a specialised master’s in Biotechnology Business Management. After a few years as a market analyst in a green chemistry company, Lucchesi joined Carbios in 2012 as market analyst manager, and then moved to become the intellectual property & contracts manager. Varlamoff is a lawyer, graduated from Paris’ Bar School. After spending few years as a lawyer in Paris, mainly in the fields of intellectual property rights protection and communication law, Varlamoff joined Carbios in 2017 as legal manager. Fibre2Fashion News Desk (JL) Carbios, a French firm pioneering new enzymatic solutions to reinvent lifecycle of plastic and textile polymers, has announced nomination of Mieke Jacobs, Vincent Kamel, Business Opportunities for L'Oréal Development (BOLD), and Michelin Ventures to its board of directors (BoD), and nomination of Lise Lucchesi and Vanina Varlamoff to its executive committee.

Michelin Ventures Investments

5 Investments

Michelin Ventures has made 5 investments. Their latest investment was in DMC Biotechnologies as part of their Series B on December 12, 2021.

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Michelin Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/2/2021

Series B

DMC Biotechnologies

$34M

Yes

13

4/28/2020

Series B

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10

9/12/2019

Series H

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$99M

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10

9/6/2019

Seed VC

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$99M

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10

2/25/2019

Series B

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$99M

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10

Date

12/2/2021

4/28/2020

9/12/2019

9/6/2019

2/25/2019

Round

Series B

Series B

Series H

Seed VC

Series B

Company

DMC Biotechnologies

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Amount

$34M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

13

10

10

10

10

Michelin Ventures Portfolio Exits

1 Portfolio Exit

Michelin Ventures has 1 portfolio exit. Their latest portfolio exit was SmartDrive Systems on September 09, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/9/2020

Acquired

$99M

5

Date

9/9/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

5

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