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Jun. 2024

Deep Tech Cold Pad secures Over 7 million euros to expand in renewable energy and the building sector

Paris, June 26, 2024, 09:00 AM – Cold Pad, an innovative company specializing in non-invasive fastening and developing mechanical attachment systems by bonding, announces a new fundraising round that brings in new key shareholders.

Cold Pad’s patented deep tech technology offers an innovative, more sustainable alternative with numerous advantages over traditional methods. Valued for its ease and speed of installation and dismantling, it avoids intrusive or hot work, ensuring better safety and minimizing production interruptions.

Furthermore, it extends the lifespan of infrastructure in civil engineering and energy sectors, which remain highly carbon intensive. Cold Pad will have a significant impact on the wind turbine market, for example, with its solution that reduces the use of rare earth elements and saves up to 100 tons of steel per wind turbine.

The technological advancement offered by Cold Pad’s solution is recognized by major French companies such as EDF and Total Energies, as well as international clients, underpinning the company’s strong commercial momentum.

Jean-Philippe Court, Founder and President of Cold Pad, stated: “The technology developed by Cold Pad is revolutionary and comparable to the invention of welding two centuries ago. After pioneering adhesive bonding techniques, our ambition is now to democratize our non-intrusive solutions for the most complex environments. Our portable tool can safely and quickly secure anchor points, eliminating the need for drilling and welding. We are honored to have the support of investors who will accompany us in our ambition to accelerate the energy transition and contribute to the reindustrialization of Europe.”

Julien Bec, General Manager of Cold Pad, added: “Historically positioned in the maritime sector, Cold Pad plans to strengthen its activity in wind energy, identified as the primary growth driver, as well as in nuclear energy and the construction sector. We are proud to welcome renowned new investors to our capital. Beyond their financial commitment, they will support us in deploying our strategy and accelerating our growth dynamics.”

Through this fundraising, Cold Pad sees the entry of two leading investors who can accompany it in its new phase of development. NCI, which enters with its latest fund NCITY dedicated to the technologies of the city of tomorrow (building, energy, mobility, smart city), co-led the round with LBO France, which operates through its impact fund NewStone, targeting innovative companies in real estate and construction.

The investment fund created by the European Commission, EIC Fund, also significantly participates in this round, along with Cléry, an investment structure specialized in impact projects related to the ecological transition. This operation is also supported by non-dilutive financing from Bpifrance through the France Relance Nucléaire program and the European Innovation Council as part of its “Horizon 2024” plan. This public support confirms the interest in Cold Pad’s solutions in the context of the nuclear sector’s recovery and support for European wind energy actors.

Thibaut Escarras, Venture Partner at NCI, stated: “We were impressed by the experienced and complementary duo of Jean-Philippe and Julien: they have an excellent understanding of R&D and industrialization challenges in the energy and maritime sectors and have surrounded themselves with a high-level team and investors to accelerate the company’s deployment in high-potential markets such as renewable energy – particularly nuclear and wind – and civil engineering.”

Laura Panquet, Investment Director at LBO France, declared: “We were convinced by the potential of their products, particularly in the construction sector. Cold Pad contributes to the decarbonization of the construction industry through its connectors, perfectly aligning with our NewStone fund’s investment thesis.”




About Cold Pad

Founded in 2011, Cold Pad is a deep tech company based in France that offers bonding technologies as an alternative to welding or drilling. With 30 patents, Cold Pad’s technology is the only approved fastening and bonding technology for nuclear power plants. Thousands of these cold and non-invasive fastenings have already been installed in extreme environments, such as maritime and oil and gas sectors. Its technology is particularly suited for wind turbine construction and more broadly for civil engineering. Find out more:

About de NCI

A multi-regional private equity player, NCI invests expertise and equity in innovation, development, and business transmission projects. With historic double-digit growth and €330 million under management, entrusted by institutional public and private investors, family offices, and business leaders, NCI reconciles finance and economic development in territories. NCITY is NCI’s 4th capital innovation fund. Launched at the end of 2022 and currently in the fundraising phase, it invests in seed and series A in French start-ups of the City of Tomorrow (building, energy, mobility, smart city), particularly pursuing a decarbonization objective. Companies supported benefit from NCI’s territorial anchoring and its proven start-up accelerator since 2018 on its previous fund WaterStart Capital. Find out more:

About LBO France

A pioneer in private equity in France, LBO France is today a leading multi-specialist and multi-country investment platform. Active in Private Equity, Real Estate, Venture and Listed Investment, the Company has been expanding for several years its activities in Europe, especially in Italy via its subsidiary Polis Fondi SGR, as well as on the African continent via its subsidiary CGF bourse. Wholly owned by its managers, LBO France is one of the founding members of the International Climate Initiative and one of the first signatories of the France Invest charter for parity. Find out more:

About the EIC Fund

The EIC Fund set up by the European Commission is agnostic in the sense that it can invest in all technology sectors, in all EU countries and in all countries associated with Horizon Europe. It provides innovative SMEs with the investment component of the EIC Accelerator’s mixed Grant&Equity financing. The EIC Fund aims to bridge a critical funding gap in Europe, and its main objective is to support companies in developing and commercializing breakthrough technologies, by bringing market players together, including by attracting private investors. Its intervention enables risks to be shared more widely, and thus reduced, by establishing a large network of capital providers and strategic partners suitable for short-term co-investment and subsequent financing. The Fund pays particular attention to the support it provides to female founders of innovative companies, as well as to the objective of reducing the innovation gap between member countries of the European Union. For further information:


Media contact Cold Pad

Camille Dufour: +33 (0)6 79 49 51 43 /


Media contact NCI

Guillaume D’haenne: +33 (0)7 86 85 42 57 /


Media contact LBO France

Nizar Berrada : +33 (0)6 38 31 90 50 /

Julia Paget : +33 (0)6 38 55 68 78 /