Itineris Raises €10.3m in Funding
Summary
Itineris, a Deurle, Belgium-based software solutions company, raised €10.3m in funding.The round was led by Gimv and Gimv managed Gimv Arkiv Tech Fund II, which jointly invested €7.8m, with participation from existing investors PMV and CEO-founder Edgard Vermeersch, which jointly committed €2.5m.The company intends to use the funds to accelerate international growth.Led by Vermeersch, Itineris has developed UMAX, a Microsoft-based software solution managing the meter-to-cash processes at utility companies.The company, which has and several customers in Europe and four clients under contract in the US, had revenues topping €43m in 2016.
Funding
Amount
$11.1M
Total raised
Date
January 25, 2017
Announcement date
Investors
Gimv, Itineris
Lead investors
Company
http://www.itineris.net
Funded company
Classifications
industries
No industries detected
applications
Business Intelligence
AskAI Classifications
Labels
Software Development
Cloud-based SaaS Solutions
Customer Information System (CIS)
Linked Companies
Itineris
$1M to $5M