ENGO raises €5.1 million to establish its vision for smart sports eyewear

ENGO raises €5.1 million to establish its vision for smart sports eyewear: lighter, more discreet, and more useful

Grenoble, 17 July 2026 - ENGO, a specialist in smart eyewear for athletes and a pioneer in ultra-lightweight heads-up display technologies, announces a €5.1 million funding round led by Ventech, Odyssée Venture, and Bpifrance Amorçage Industriel. Blueprint Partners supported ENGO from its inception through to its fundraising. This transaction marks a major milestone in the company's development and will enable it to accelerate growth across two strategic areas: strengthening its leadership position in the sports smart eyewear market and fast-tracking R&D efforts focused on miniaturisation and technological innovation.

Since its launch, ENGO has established itself as a benchmark in the field of smart eyewear for runners, triathletes, cyclists, and endurance athletes. While major US players in the sector limit themselves to smart frames without built-in displays, ENGO made a radical technological choice: integrating an augmented reality Micro-OLED display that projects performance data directly into the athlete's field of view in real time, without requiring them to look away. All this comes in a frame weighing less than 40 grams with up to 20 hours of battery life, ensuring a safe, immersive experience tailored for long-distance activities.

Engo consolidates a leading position in a rapidly growing market.

The primary objective of this fundraising round is to support ENGO’s commercial and industrial development in order to strengthen its presence in the global market for smart sports eyewear. Additionally, ENGO plans to expand its team by hiring 20 people in France for roles in marketing, business development, optical and mechanical engineering, and software and data engineering.

The company aims to accelerate innovation across its product range, expand partnerships with key players in the sports ecosystem, and strengthen its presence in international markets, where demand for high-performance connected equipment continues to grow. It already generates 90% of its revenue outside France, with half coming from the United States.

Fabrice Berger Duquene, COO of ENGO: "This fundraising round gives us the means to accelerate our development and solidify our leadership position in the sports smart eyewear segment. We are seeing growing adoption of our solutions by athletes - both amateur and professional - and now aim to take the next step in our international expansion."

Investing in the next generation of smart glasses

The second strategic pillar focuses on accelerating ENGO’s research and development efforts, driven by a strong conviction: in sports, technology should never be a constraint but should instead become virtually invisible.

Thanks to this funding round, the company will step up its investment in ultra-miniaturised display technologies, the integration of new features, and the continuous reduction of its products' weight.

This quest for lightness is a major priority for athletes, for whom every gram counts. ENGO aims to offer increasingly high-performance smart eyewear while preserving the natural feel of the sporting experience.

By combining advanced miniaturisation, energy optimisation, and optical innovation, the company pursues a simple goal: making the technology disappear to leave room solely for the sporting experience.

Eric Marcellin-Dibon, CEO of ENGO: "Since ENGO’s inception, we have pursued a simple vision: enabling athletes to stay focused on their performance, not the technology. The lighter, more natural, and more intuitive our eyewear becomes, the closer we get to our goal: making the technology disappear in favour of the athletic experience."

A long-term vision

With this fundraising round, ENGO reaffirms its ambition to become a key European, and French technology player; the participation of Bpifrance, through its Bpifrance Amorçage Industriel fund, underscores the recognition of the project's industrial dimension: ENGO manufactures and innovates in France, while already showcasing French technological expertise on a global scale. Competing against major US players, the company aims to establish a French industrial and technological champion in the smart eyewear sector.

By combining commercial growth with disruptive innovation, the company intends to continue evolving the athlete experience while preparing for future use cases in a sector where the convergence of optics, electronics, and embedded intelligence is opening up new possibilities.

About ENGO

Founded in Grenoble by Éric Marcellin-Dibon and Fabrice Berger Duquene, ENGO S.A.S. designs smart eyewear that allows runners to focus fully on their performance - without compromise. Convinced that the future of sports lies in lightweight, unobtrusive smart glasses with integrated displays, the team developed technology specifically tailored to the demands of movement and physical exertion. Inspired by the innovative spirit of the Alps, home to many standout sports equipment companies, the team brings together engineers, designers, and athletes with a shared goal: to reinvent the running experience through augmented reality.

The CES-award-winning AR (augmented reality) technology used by ENGO projects essential metrics directly into the runner's line of sight - clearly and intuitively - ensuring athletes stay aware and focused on their run, regardless of conditions.

More than just a product, ENGO’s smart eyewear serves as a training companion, featuring a lightweight, immersive design built for endurance. The brand harnesses technology to create a running experience centered on both performance and enjoyment. Designed and assembled in France, ENGO glasses embody French craftsmanship and innovation in the service of sport.

More information available on: www.engoeyewear.com.

‍About Ventech

Ventech is a leading venture capital firm specialising in early-stage and growth investments. With a presence in both Europe and Asia, the firm possesses deep expertise in digital technologies. Founded in 1998, Ventech supports the most innovative and visionary tech entrepreneurs across various sectors who harbor international ambitions.

Through its dual-structure platform, Ventech manages funds dedicated to Europe (Paris, Munich, Berlin, Helsinki, and Stockholm) and Asia (Shanghai and Hong Kong).

Since its inception, Ventech has raised nearly €1 billion and completed over 320 investments, including Vestiaire Collective, Prewave, Ogury, The Customization Group, Veo Technologies, Reveal, Speexx, and Keep. The firm has also achieved more than 180 exits, such as Believe (BLV.PA)—listed on Euronext—and Arteris (AIP)—listed on Nasdaq—as well as FintecSystems, Withings, and 4Stop.

For more information, visit www.ventechvc.com.

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