DreamQuark
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
DreamQuark was a French artificial-intelligence startup founded in 2014 by Nicolas Meric. It built AI platforms and services for financial institutions, notably its SaaS NBA (Next Best Action) solutions, along with smart document retrieval, ESG data acquisition, compliance tools, and AI risk management. It worked with clients such as Royal Bank of Scotland and Gambit Financial, and joined the Atos Scaler accelerator program.
02 / DreamQuark FAILURE REASONS
Failure reasons
Despite raising 15.5 million euros across three funding rounds since 2017 (about $16.8 million at 2024 average rates), DreamQuark could not sustain its business. It ceased payments on December 20, 2023, and the Paris commercial court opened judicial recovery proceedings on January 11, 2024. With a remaining staff of three, the company was converted to judicial liquidation on March 29, 2024, and its assets were taken over by listed software group Linedata through a court-approved sale. No deeper strategic reasons for the insolvency were publicly disclosed.
03 / EVENT HISTORY
Events in the structured record
- Liquidation
Tribunal de commerce de Paris on 29 Mar 2024 pronounced liquidation judiciaire of DREAMQUARK SAS (RCS Paris 801145210, 71 rue de Miromesnil) naming SELAFA MJA as liquidator, after a 11 Jan 2024 redressement judiciaire with cessation of payments dated 20 Dec 2023.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
On January 11, 2024, the Paris commercial court opened judicial recovery proceedings after the company ceased payments on December 20, 2023, appointing an administrator.
- 02
Creditors were invited to declare their claims via the official BODACC publication.
- 03
On March 29, 2024, the court converted the case to judicial liquidation and approved a court-sale plan; a liquidator was appointed.
- 04
DreamQuark's assets and technology were taken over by Linedata through the court-approved sale.
- 05
The SAS was liquidated; no asset value or payout figures were publicly disclosed.