Flying Whales announced that it has received Ç122 million in an equity round of funding on June 30, 2022. The transaction included participation from returning investors Investissement QuTbec, Investment Arm, Air Liquide, Aeroports de Paris SA, via its Aliad Venture Capital fund, new investors Societe Nationale de Financement SONAFI, Bpifrance Investissement SAS, via the French Tech Sovereignty fund. Societe Generale Assurances is joining the table alongside several family offices.

The company has raised Ç162 million in funding till date. With the transaction Investissement QuTbec, Investment Arm maintained its participation of 25% stake in the company.