SESAMm Raises €35M in Series B2

SESAMm Raises €35M in Series B2

This press release discusses SESAMm's Series B2 funding round that closed with €35 million from key partners and how the financing will be used.

Author: SESAMm–

SESAMm Raises €35M in Series B2 to Grow its ESG and Sentiment Analysis Business


PARIS, FRANCE, March 1, 2023 — SESAMm, a leader in natural language processing (NLP), a field of artificial intelligence, today announced the close of a Series B2 funding round of €35 million (USD 37 million) to accelerate its ambitious growth and global expansion plans.


Securing this funding will enable SESAMm to further expand into U.S. and Asian markets, support technology development to generate AI-powered ESG and sentiment analytics, and hire key talent across sustainability, technology, sales, and marketing.


The Series B2 round was co-led by Elaia, a deep tech VC firm, and Opera Tech Ventures, the venture capital arm of BNP Paribas (BNPP). Other participating companies include asset manager Unigestion, Raiffeisen Bank International’s (RBI) venture capital entity Elevator Ventures, AFG Partners, CEGEE Capital, and historical backers, including Carlyle (CG) and New Alpha Asset Management, who participated in the previous Series B1 round. This latest round brings the total funding raised to €50 million.


Read the entire press release here >

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