Chaintrust in a €2.5 million funding round backed by Eurazeo and Euler Hermes.

Chaintrust, a Paris, France-based SAAS developer automated accounting solutions, announced completing a €2.5 million ($3M) funding round.

The money was raised from investors from France, including Eurazeo and Euler Hermes.

They were joined by Nicolas Steegmann, co-founder of the video editing solution Stupeflix, Thibaud Elzière and Quentin Nickmans, founders of the start-up studio eFounders, Eduardo Ronzano, founder of KelDoc, Julien Romanetto and Frédéric Montagnon, co-founders of the platform of media advertising Teads, and the BPI.

Chaintrust, founded in 2019 by CEO Mikaël Gandon, Pierre Chopin and Pierre Hersant, developed an automated accounting platform scanning invoices with OCR and directly connecting the results with interfaces provided by the major accounting software providers. The tool uses FEC N-1 to understand and configure the accounting schemes for each file connected with OCR used to extract the relevant data from invoices.

Chaintrust secured €600k from Bpifrance and angel investors in 2019.