On Monday, the Seb group announced that it had invested, through its investment vehicle Seb Alliance, in Isère-based Vulkam, with a view to building an amorphous metals plant.
This fund-raising is part of the latest round of financing successfully completed by the deeptech company, which obtained 34 million euros in funding, including 14 million euros in equity.
This capital increase was supplemented by 20 million euros in debt, including six million euros provided by the French government via France 2030 measures, and 14 million euros in bank loans from Bpifrance.
The sums raised should enable Vulkam to finance the operational launch in 2025 of the first plant located in Isère and dedicated to the production of its new metals for industry, 'Vulkalloys'.
These alloys with unprecedented mechanical performance aim to set a future standard in metallurgy and metalworking.
Thierry de La Tour d'Artaise, Chairman of the Seb Group, welcomed this investment to support the industrialization phase of a promising start-up.
"Supporting Vulkam means contributing to France's industrial recovery", he explained.
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The world leader in Small Household Equipment, SEB S.A. relies on 35 flagship brands (Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, etc.) and a broad product portfolio:
- cookware: frying pans, saucepans, pressure cookers, utensils, etc.;
- small culinary appliances: items for electric cooking (deep fryers, rice cookers, pressure cookers, etc.), beverage preparation (coffee makers, kettles, etc.) or food preparation (blenders, food processors, etc.);
- small non-culinary household appliances: linen care equipment (irons, steam generators, steamers, steamers, etc.), vacuum cleaners, fans, and personal care equipment (hairdressing and depilation appliances, etc.).
At the end of 2023, the group operated 41 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Western Europe (34.1%), Europe/Middle East/Africa (15.2%), China (27.9%), Asia (7%), North America (10.9%) and South America (4.9%).
SEB S.A. 
