Sellsy raises € 7 million to support growth and accelerate internationally
10 January 2018 • 4 min.
That's it is official, Sellsy raises 7 million euros from SofiOuest advised by Arkéa Capital and Alto Invest, historical investor who strengthens its stake 7 years after its entry into the capital.
Sellsy was created in 2009 by Alain Mevellec and Frédéric Coulais and today offers a comprehensive and flexible online management tool to track the entire customer cycle: CRM, Invoicing, Project Management, Helpdesk …
Located in La Rochelle and Paris, we are experiencing sustained growth. Among our 3,200 customers, we find many famous startups such as Weezevent, Anticafé or AB Tasty, but also many SMEs in very varied fields as well as several large accounts such as PSG, Indigo or Nicolas group. Sellsy is also located in the heart of the Frenchtech ecosystem with customers like Euratech, The Family, Frenchweb or France Digitale.
"Sellsy is a perfect answer to the entrepreneurial puzzle of the heterogeneity of business management solutions for SMEs. It finds its place in the ecosystem of Sofiouest's investments. (Lengow, Oxatis, Inbox ...). " says Patrice Hutin, CEO of SofiOuest.
Thanks to this fundraising we will be able to go further in our mission and implement our strategy based on 3 main growth drivers: innovation, commercial and marketing development and an acceleration of our international development with the creation of a first European office.
Innovation as an engine of growth
Sellsy's DNA is innovation. Since the creation, we have created thirty units and connectors to put all the teams of the company on the same page. This fundraising will allow us to accelerate our technological advance and strengthen our product offering.
The strengthened R & D team will be in charge of an ambitious roadmap with new features such as bank reconciliation and accounting!
"We are seeing a growing demand for our cross-functional offer. Sellsy's idea is to put the customer at the center and avoid the silo effects so common between the key services of the company. Sales people, marketing teams and support are finally on the same page. " says Alain Mevellec, co-founder of Sellsy
Accelerated business development
With this new fundraising and strengthening sales and marketing teams, we want to triple the number of customers within 2 years.
The addition of integrated accounting capabilities will allow us to disrupt a market still largely held by on-premise solutions created over thirty years ago!
To welcome the many companies in search of digital transformation, we will regularly strengthen our sales and customer success teams.
Focus on Europe and the international
Currently available in English and with 10% of our customer base outside French borders, we already have an international experience. This event is a unique opportunity to make headway and accelerate internationally with the creation of a first office in Europe in 2018.
"Our goal for growth for 2018 and for the next few years is ambitious. Having the opportunity to be accompanied by actors like Alto Invest and SofiOuest in this perspective is a strong sign for the market and very reassuring for our customers. We are determined to make Sellsy a major European player in software " says Frédéric Coulais, co-founder of Sellsy.
In short, it is a busy and exciting program with more than 40 recruitments planned in 2018 that is coming! The Sellsy adventure is just beginning!
Thank you again to our clients for their trust and loyalty and to our investors for their support.