From Seed to $100m Series B: Agicap’s incredible journey
Summary
From a Lyon-based startup to one of the most promising fintech SaaS in Europe Back in times, when we led Agicap’s Seed round in 2019, the sizing of the company had nothing to do with what it is today… 8 employees in a small office in Lyon, dozens of customers and a crazy ambition. Less than 2 years after, Agicap is now a European leader among the Fintech SaaS for SMEs, with thousands of customers, 200 FTEs across 5 offices (Lyon, Berlin, Amsterdam, Barcelona & Milan) and a revenue multiplied by 10 in the last 18 months. Several thousands of companies coming from sectors as diverse as fashion (Café Coton), HR tools (Lucca) or cosmetics (Merci Handy) now use the SaaS platform for real-time cash flow forecasting. Agicap’s solution helped many companies affected by the pandemic ; at the beginning of the crisis, the team gathered a community of CEOs, CFOs and entrepreneurs facing the same challenges through a dedicated platform called ‘Cash is King’. The Series B is led by Greenoaks Capital, a leading West Coast investor that has backed sucessful SaaS enterprises as Deliveroo, Robinhood, Gorillas, Airtable, or Discord.