Eudoweb Receives Equity Investment from NAXICAP Partners

Funding Rounds

Summary

Eudoweb, a Paris, France-based developer and provider of CRM solutions, has received an equity investment of undisclosed amount from NAXICAP Partners.The company intends to use the funds to develop in new customer segments and expand abroad.Following the transaction, the founders of the company, Bertrand de la Villegeorges, Christophe Morizot and Guillaume Bouillot, will remain majority shareholders.It has served 800 customers including small and medium sized enterprises, large companies and government organizations.The company, which had a turnover of €6.3m in 2010, currently employs 70 people in Paris and in its Montreal office, opened in 2009.

$ Funding

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Amount - Total raised
Date May 20, 2011 Announcement date
Investors Naxicap Partners Lead investors
Company http://www.eudoweb.com/ Funded company

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industries
EduTech - institutions
applications
Sales and Marketing

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