Agicap raises €15m to help SMEs better manage their cash through the coronavirus crisis

Lyon-based Agicap has raised €15m in a round led by Partech that also saw participation from existing investors BlackFin Capital Partners and Kima Ventures.

The new round comes seven months after BlackFin led the company’s €2.4m seed round.
“We are very happy to continue backing Agicap,” said Gabrielle Thomas, investment manager at BlackFin.

Agicap will use the money to bolster its product development and to grow its team from 30 to 100 employees within the next year.

The startup’s software is designed to give SMEs owners real-time visibility over their cash via a simple, intuitive interface. It integrates bank account data with data from accounting and factoring tools, CRMs, ERPs, and POS systems.

“Our goal is really to create a tool for running a business using cash flow data. This is very different from how SMBs tend to operate today,” said Sébastien Beyet, CEO of Agicap

He argued that these tools have become especially vital in the days of the coronavirus. “Managing cash has become even more important as a result of the crisis,” Beyet said. “Entrepreneurs can use Agicap to monitor the impact of the crisis on a day-to-day basis and respond to different scenarios – [such as] long-term vs. short-term crisis, partial restart, etc. – with appropriate actions. Our tool can help reduce the stress entrepreneurs are dealing with and allow them to regain control over the situation.”

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