Agicap raises $100 million for its cashflow management service – TechCrunch



French startup Agicap has raised a brand new $100 million funding spherical led by Greenoaks. With right this moment’s funding spherical, the corporate has reached a valuation of greater than $500 million (€415 million). Agicap is constructing a service that permits you to observe your money move in actual time, construct studies and get forecasts.

Along with Greenoaks, current traders BlackFin Capital Companions and Partech are additionally taking part within the spherical. It represents a giant soar from final yr’s $18 million Sequence A spherical from final yr.

The essential premise of Agicap is kind of easy. Many small corporations depend on Microsoft Excel to determine their money place each week or each month. As an alternative of exporting .csv recordsdata out of your financial institution accounts, you may join your financial institution accounts to Agicap for real-time monitoring. Equally, Agicap has developed integrations with accounting software program and invoicing instruments.

If you wish to see the way you’re doing with regards to money, you may hook up with your Agicap account identical to you’d hook up with an internet analytics service. Agicap tries to interrupt down how a lot you’re spending by class and department. After that, you may run projections and make selections based mostly on forecasts.


Designed particularly for small and medium corporations, Agicap has managed to persuade 3,500 corporations to make use of its service. They pay a month-to-month subscription payment. Purchasers embrace Cityscoot, Meero, Merci Useful, Ornikar and Mix Burger.

Agicap is presently dwell in France, Germany, Spain, Italy and the Netherlands. France nonetheless generates 50% of the corporate’s income however different markets are rising quickly.

“This Sequence B comes at a key second in our improvement,” co-founder and CEO Sébastien Beyet mentioned in an announcement. “It demonstrates our will to make Agicap the European chief in our market and can enable us to additional speed up our worldwide presence, launching in 10 new international locations within the coming months.”

Following right this moment’s funding spherical, the corporate has some formidable growth plans. The corporate’s group has already grown from 30 workers to 200 workers over the past 12 months. Now, it plans to construct a group of 1,000 workers inside the subsequent couple of years.


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