Agicap announced getting funded with $100 million by Greenoaks et al.

Agicap, a Lyon, France-based SAAS developer of solutions used for internal financial tasks, announced completing a funding round of $100 million.

The money was raised from investors led by the American backers from Greenoaks, joined by existing shareholders BlackFin Capital Partners and Partech.

Agicap, founded in 2016 by Clement Mauguet, Lucas Bertola and CEO Sébastien Beyet, developes software helping other companies, usually SMBs, manage their cash flow with reliable forecasts and real-time monitoring. The tools connect to the financial statements from the bank accounts and can be integrated with a range of accounting software and invoicing tools.

The company says it works with around 3500 clients, including Cityscoot, Meero, Merci Handy, Ornikar and Blend Burger. About half of them are from France.

Prior to this round, Agicap raised €15M series A round backed by Partech in 2020, and a seed round of €2.4M from BlackFin Capital Partners.