Unlimitd raises €5 million from angel investors from France.

Unlimitd, a Lille, France-based startup building a business selling non-dillutive, revenue-based financing products, announced that completion of a €5 million ($5.7M) seed funding round.

The money was raised locally from France, from investors including Michael Cohen, co-founder of Absolute Capital Partners (a management company specializing in private debt), the entrepreneur Michel de Guilhermier (Photobox, Inspirational Stores), Ilan Elbase (Effective Capital, Beyond Border) and Jordan Zeitoun (Former DG Financière Immobilière Bordelaise).

Unlimitd, founded in 2021 by CEO Julien Zerbib, is building a business that is financing companies with business models based on recurring revenues. They can benefit from financing for up to one year, which will be renewable depending on their performance. The company says it already sold product to 12 customers.