Funding

Netforce funding news -France-based Netforce Secures €45 Million Investment Commitment from GEM Global Yield LLC SCS

Mar 5, 2025 | By Kailee Rainse

Netforce funding news  -France-based Netforce Secures €45 Million Investment Commitment from GEM Global Yield LLC SCS

Netforce, a company developing technologies for law enforcement, is pleased to announce a strategic investment commitment of €45 million from GEMGlobal Yield LLC SCS (“GEM”), a private equity and alternative investment group with $3.4 billion in assets under management.

Laurent Mollinari, CEO of Netforce said, "Our goal is to equip law enforcement with tools that allow them to act with precision and control, while respecting fundamental rights, This commitment from GEM is a strong endorsement of our vision and will allow us to expand our operations, develop our technologies and expand our solutions worldwide."

The agreement provides Netforce with a commitment of up to EUR 45 million for a period of 36 months following the Company's IPO. Through a share subscription facility, Netforce will be entitled to issue shares to GEM at intervals and in amounts determined by management, with no minimum drawdown obligation.

It developed and patented the EstunGlove, the world's first electric impulse glove, now recognized in over 100 countries. This non-lethal, deterrent solution helps law enforcement de-escalate critical situations while minimizing risk and ensuring public safety.

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As authorities face increasingly complex operational challenges, Netforce remains committed to providing innovative equipment that increases safety while upholding human rights.

EstunGlove offers a groundbreaking alternative to traditional law enforcement tools, with applications in national security, crowd management, event security, prison security and traffic safety.

With this investment, Netforce will scale production to meet global demand, enter into strategic partnerships with law enforcement agencies to develop solutions to real-world challenges, and strengthen its international presence to expand its impact on public safety.

Laurent Mollinari, CEO of Netforce said, "I would like to express my sincere gratitude to GEM for their strategic and financial support, as well as for the trust they have placed in our project. This commitment marks a decisive step in our mission to redefine non-lethal equipment for law enforcement and offer innovative solutions that combine efficiency with respect for human rights. Through this collaboration, we can accelerate our growth, expand our impact and equip forces with tools that better meet today's challenges, I would also like to express my gratitude to Licorne Gulf, led by Irina Duisimbekova and Alexandre Katrangi. Their significant contribution and influential network have been instrumental in structuring this strategic partnership."

About Netforce

Netforce is a pioneering law enforcement technology company dedicated to developing innovative, non-lethal public safety solutions. By combining cutting-edge technology with a strong commitment to human rights, Netforce aims to equip law enforcement agencies with tools that promote both safety and de-escalation.

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