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Data specialist INVYO steps up its development with a new round of funding.

October 11th 2023
October 11th 2023

The start-up raises €1.4m and brings Accurafy 4, Mandalore Partners and Inovexus, in partnership with SideAngels, into its capital


INVYO, the leading technology solutions provider specialising in data processing and analysis, announces that it has raised €1.4m in its pre-Series A financing round. This amount should be increased to €2m in the coming months via a non-dilutive financing, currently under discussion with a banking pool that will participate in the financing of this round.


As part of this first tranche, Venture Capital funds Accurafy4, Mandalore Partners and Inovexus, in partnership with SideAngels, are acquiring a stake in the company as strategic financial investors. Co-founders Alexandre VELLUTI, Gautier VELUT and Xavier GOMEZ, respectively CEO, CTO and COO of INVYO, will retain a majority stake.


A strong mission around the black gold of data


Since 2018, INVYO has been helping companies to accelerate their business by using data as a lever.

Data is the black gold of the 21st century: accelerating revenues, personalising the customer experience, improving internal processes and operational efficiency.


Businesses do not always have the expertise and capacity to exploit the levers of data. As a result, the average annual loss incurred by French companies as a result of poor data management is €1.3m1! INVYO's mission is to reconcile the worlds of business and data through the deployment of impactful, business-focused solutions.


INVYO already has a strong presence with financial players such as investment funds and family offices, who have quickly grasped the many benefits of a data-driven approach: improving performance by investing in the best deals using an algorithmic approach, automating dealflow sourcing and qualification, identifying market signals before the competition, reducing analysis costs, etc.


Today, INVYO, which is headquartered in Paris, has a team of 15 people based in France and Spain and around 30 customers. Its revenues doubled between 2021 and 2022 and are set to double again between 2022 and 2023.


1 Veritas study - March 2019

Significant fund-raising to accelerate the pace of the next Series A


After raising nearly €760k in 2019 and 2020 from a dozen business angels, INVYO has decided to raise €2m in financing, including €1.4m in equity, in order to accelerate its development.


To achieve this, the start-up has teamed up with four financial players renowned in the sector for their investments in fintechs and for their DNA of operational support for entrepreneurs and their teams: the Luxembourg fund Accurafy 4 is leading and has a majority stake in this round, along with VCs and accelerators Mandalore Partners, and Inovexus in partnership with SideAngels. Non-dilutive financing of between €500k and

€600k is expected to be completed in the next few months with a banking pool with which INVYO is in advanced discussions.


The funds raised will be used primarily to invest in the catalogue to accelerate the introduction of INVYO solutions to the financial and retail sectors, to replicate in other countries the success achieved in Spain, particularly in the UK, Switzerland and Belgium, to recruit senior profiles for key positions in marketing, sales and technology, and to encourage and develop the skills of the talented people already in the company.


Alexandre VELLUTI and Xavier GOMEZ, co-founders of INVYO, said: "This partnership with Accurafy4, Mandalore Partners, SideAngels and Inovexus is a tremendous boost for INVYO. Our ambition is to become the leader in Europe, particularly with major investment players such as funds, VCs, family offices and investment banks in France and Europe, which represent a market worth €1.5 billion.


Frédéric CARON, founder and managing director of Accurafy4, commented: "We are delighted to be supporting INVYO and have high ambitions for this highly promising data company. Through our support, we will be making our business development and marketing skills available to the management team, as well as our international network, in order to accelerate the platform's growth over the next five years.


Minh Q. TRAN, founder and managing director of Mandalore Partners, said: "Invyo will enable all asset management companies to improve their performance in data analysis, particularly in impact investing. It was therefore natural for us, as a leading VC-as-a-Service, to support this great project.


Stanislas DE VILLELONGUE, Managing Partner of Inovexus, added: "It is a pleasure to be able to support Invyo in its development. This investment fits in perfectly with our thesis, given the company's European positioning, the management team's quality of execution and the addressable market, which we know well".


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About INVYO

As Europe's leading data management marketplace, INVYO is a leading publisher and integrator of technology solutions, specialising in data processing and analysis. A unique, adaptable platform with a common technological base that can be upgraded according to your business needs. Thanks to our exploration, control and visualisation modules, we can transform "inaudible" data into concrete, qualified and contextualised information. We support all decision makers by building adaptable solutions that transform raw data into information.

We create an interface that adapts to the business of each of our customers to facilitate their decision-making, whatever the sector. A new, unique and adaptable model for processing and analysing data: a common technological foundation that can be upgraded as business needs change.


About Accurafy4

Founded at the end of 2017 by French "serial entrepreneur-investors", Accurafy is a Luxembourg-registered alternative investment fund. Accurafy invests in start-ups characterised by proven innovation, a scalable business model and promising sales traction, particularly in the Fintech, Deeptech, Greentech, Sportech, etc. sectors. Accurafy offers its members compartmentalised club deals via its Accurafy 4 (A4) fund, enabling risk and performance to be partitioned for each investment. In 2023, Accurafy launched its 1st closed-end fund, A4S ("Seed for Good"), to invest in Seed and Impact companies. Accurafy differentiates itself by providing active, tailor-made operational support for managers and their teams, drawing on a range of key expertise from its network. To date, Accurafy has around one hundred investors, €22m in assets under management, and some twenty investments in 3 types of asset: equity, real estate and green assets.

Accurafy is a fund driven by its core values: a passion for entrepreneurship, technology and CSR.


About Mandalore Partners

Mandalore Partners is a (Corporate) Venture Capital-as-a-Service for corporates, family offices and growth companies who want to de-risk their innovation programme with strategic and financial investments with impact measurement. We combine global sourcing based on artificial intelligence and a unique asset-builder methodology to develop innovative technologies with corporates. With Insurtech Capital, our fund dedicated to the Apicil Group, we invest in technologies related to insurance, asset management and savings.

About Inovexus

Inovexus is the first cross-border VC acceleration fund in Europe founded by entrepreneurs. Its aim is to finance and support the most promising start-ups through its acceleration programme and its many international mentors.

About SideAngels

SideAngels is France's leading platform for investing in start-ups via Club Deals, enabling investors to invest alongside experienced business angels. Its exclusive club allows each investor to take part in entrepreneurial adventures by supporting the best stories.


Accurafy continues to expand and confirms its 2025 objectives

January 24th 2023
January 24th 2023


  • The Accurafy4 (A4) investment fund continued its development in 2022 with 8 new rounds of financing

  • At the end of 2022, Accurafy has: 100 LPs, 20 Senior Advisors and €27m in net assets under management

  • In 2023, Accurafy plans to make its 1st investments in its seed and impact fund A4S, to structure its green assets vehicle A4G, and to create a new sub-fund, A4 real estate

  • Accurafy confirms its 2025 objectives: €200 million of assets under management and 200 accredited investors.


Luxembourg, 24 January 2023 - Accurafy 4, a fund of serial entrepreneurs and investors focused on early stage companies, had 16 assets in its portfolio at the end of December 2022, with net assets under management of €27 million, approximately 100 accredited investors and 20 senior advisors.


During the course of 2022, A4 completed eight new rounds of financing, including:


A4 also attracted the interest of some 30 new accredited investors. Accurafy more committed than ever to sustainable development

Launched in 2021 in partnership with EcoTree, "Sustainable Future" is an investment that all investors (LPs) and the management company Accurafy Advisory can make each time they participate in one of the A4 club's operations, up to 1% of the amounts subscribed, thus benefiting from a carbon credit and an annual return of 2 to 4%.


The aim is to create carbon sinks corresponding to the carbon impact of the fund's holdings. But also to preserve biodiversity, participate in the renewal of resources and boost industry and local employment.


By the end of December 2022, we had financed almost 3,500 trees.


Accurafy 4 is committed to the preservation of the French forest and its biodiversity: indeed, these financed trees are mainly located in the Sarran forest, but also in the Trinité Langonnet forest and the Chapelle Saint Rémy forest. The species concerned are sessile oak, douglas fir and maritime pine.


Finally, in 2023, the management company will create A4G (Accurafy 4 Green), a structure that will group all Accurafy's carbon investments and offer investors a liquidity opportunity on the Kriptown platform.


Progress of Seed fund and Real Estate compartment


Accurafy 4 officially started in Q4 2022 its fundraising on A4S (Accurafy 4 Seed), its fund dedicated to seed innovative and impactful startups by capitalising on the experience of the GP and the investments made since 2018.

  • The 1st tranche of several M€ should be finalised in the coming weeks.

  • The 1st Seed investments will be made this year, for tickets ranging from €200K to €700K.

  • The fund has a maturity of 8 years (+ 2 years) and a target IRR of 30%.


In 2023, Accurafy intends to set up a compartment dedicated to promising projects in the real estate sector (Developments and Buy/Sell Transactions) by capitalising on the experience of two of the GP partners and A4's first promising real estate transaction (HomeKuant).


A4 maintains its 2025 targets


The fund maintains its objectives of reaching €200 million in assets under management and 200 accredited investors by the end of 2025. To achieve this goal, Accurafy plans to make 10 to 20 investments per year and, via its management company Accurafy Advisory, to add additional senior advisors.


Frédéric CARON, Christophe PECHOUX, Rodolphe SEYNAT and Candice BAUDET, Partners of Accurafy 4, said: "We have consolidated our portfolio in 2022. 2023 will be the year of preparation or completion of major Series for a number of our most promising startups. But it will also be the year in which we strengthen our commitment to sustainable investment, with A4S and A4G, and to real estate with a new compartment. This is a way for us to ensure and prove our resilience in the current evolution of venture capital.”


***


About Accurafy 4 (A4)

Founded at the end of 2017, A4 is an alternative investment fund registered in Luxembourg. A4 is managed by Accurafy Advisory, a company registered with the CSSF in Luxembourg. A4 invests in early stage companies with proven innovation, a scalable business model and promising revenue traction. Its holdings and target companies are start-ups with a disruptive approach or technology, particularly in Regtech, Greentech, SporTech, Fintech, Sectech and Industry 4.0. Accurafy provides operational support for its investments.

With nearly 100 investor-entrepreneurs with a solid track record, Accurafy Advisory offers its members compartmentalized deal clubs, allowing them to compartmentalize the risk and performance of each investment.

Accurafy Advisory is deeply driven by its values: passion for entrepreneurship, technology and CSR. More information on www.accurafy4.com

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Contact

Candice Baudet - +33 (0)6 21 40 05 15 - cbaudet@accurafy4.com

MoneyTrack, the managed payment specialist, raises nearly €2m to accelerate its development in Europe.

January 12th 2023
January 12th 2023

Paris, January 12, 2023 - MoneyTrack announces a new round of financing for a total of €2 million from its historical shareholders, Truffle Capital, a leader in the financing of fintechs and insurtechs, which has positioned itself as a pioneer in this market, and AG2R LA MONDIALE, a specialist in social and asset protection in France via its ALM Innovation fund, as well as from the investment fund ACCURAFY4.

Founded in 2018, the start-up MoneyTrack has developed the only third-party healthcare payment platform that allows real-time monitoring of policyholders' cover and coverage of healthcare costs from the 1st euro. This new financing will enable the company to structure and industrialise its development in order to accelerate its activity on the health insurance market in France and internationally.

MoneyTrack, the start-up that is revolutionising directed payment in the health sector


MoneyTrack has developed an innovative blockchain-based platform to digitise, secure and control the payment flows between the funder, the partners and the beneficiary. To do this, it relies in particular on "smart contracts" (or digital contracts) which ensure that spending rules are respected in a secure manner.


The start-up provides complementary health insurance companies with a fully secure payment method that allows policyholders to avoid advance payments. The MoneyTrack mobile payment application improves the insurers' customer experience, drastically reduces the costs of managing medical bills and the risk of fraud, while respecting the control of compensation at market prices.

Successive financing to support MoneyTrack's growth in France


After raising several rounds of funding totalling €5.4 million, MoneyTrack has continued to grow and

has become the market start-up specialising in directed payment in the healthcare sector.


After many months of R&D, it is entering a new stage of acceleration and industrialisation of its growth with the aim of deploying its MoneyTrack Santé offer on a large scale throughout France. To achieve this, the company will benefit from the integration of its solution with major players in the health insurance sector in 2022.


The start-up is currently working with some fifteen insurance companies, such as MGEN, and has forged strategic partnerships with companies developing information systems or delegating the management of healthcare costs, such as Viamedis, Assia, Tessi and Cleva (Inetum), representing a potential of more than 25 million policyholders.


MoneyTrack to conquer the international market


Thanks to this new round of financing, MoneyTrack intends to accelerate the deployment of its offer in France and internationally. Indeed, while the start-up currently supports some fifteen insurers nationwide, it wishes to increase its activity on the international health insurance market (IPMI) thanks to a network of over 500 practitioners in Europe.


Following its launch at the beginning of the year in Spain and Portugal for Swisslife policyholders, MoneyTrack is continuing to extend its acceptance network to support its customers in Italy, Germany, Benelux and the United Kingdom.


Advance payment of expenses and the processing time for reimbursement of invoices are the areas for improvement identified in this fast-growing market, which accounts for over 80% of incoming calls to insurers' management centres.

Christophe Doré, founder and CEO of MoneyTrack


"The health insurance sector is marked by a considerable digital transformation, confirmed by the expectations of customers whose digital paths have been accelerated by the recent health crisis. There are two major challenges for insurers: the need to improve the policyholder experience by launching new digital services while significantly reducing management costs to remain competitive.


By positioning our innovative payment solution at the heart of the insurer/insured/healthcare professional relationship, MoneyTrack responds precisely to these two points, while benefiting from the advantages of modern technologies such as smart contracts and mobile tools.


These last few months have enabled us to integrate MoneyTrack into the market's back office and to open up to a huge potential of policyholders, both in France and internationally.

We are entering a phase of large-scale deployment, for which the company's recapitalisation will allow industrialisation.”


About MoneyTrack :


Founded in 2018, MoneyTrack is the start-up specialist in directed payment. MoneyTrack relies on blockchain technology to digitise, secure and control payment flows, which have vast applications: insurance compensation, consumer credit,

earmarked public subsidies ...

Thanks to its platform developed in partnership with academic research (INRIA, Pôle Universitaire Leonard de Vinci), companies (in the insurance and banking sectors), local authorities and institutions will be able to pay money to individuals who spend it conditionally within a network of authenticated partners.


The company has raised €7.3 million since its creation and now has 25 employees.

MoneyTrack has been labelled by the Finance Innovation competitiveness cluster and selected by PwC to be part of the 10 startups of the Scale Insurance 2021 programme.


More information on our website


MoneyTrack in a few key figures

  • Creation in 2018

  • 7.4 million raised since its creation

  • 25 employees

  • 15 insurance clients

  • 1.5 million in annual recurring revenue


Press contacts :

Elyse Scheidt & Audrey Guillet

Presse@agiles-rp.com

06 18 10 55 61 - 06 71 73 57 58

www.agiles-rp.com

Accurafy 4 invests in a forest reserve in the Dominican Republic to develop a carbon capture and biodiversity conservation project

November 8th 2022
Luxembourg, 8 November 2022

Luxembourg, 8 November 2022 - Accurafy 4 (A4), a fund of serial entrepreneurs and investors, which has historically invested in growth start-ups and real estate, is strengthening its positioning in assets with a high environmental impact, with the acquisition of a reserve ("Finca") in the Dominican Republic, called the "Green Forest" project.

The Partners of Accurafy Advisory, A4's management company, decided to invest in this Finca located in the North-East of the Dominican Republic in order to develop a carbon capture project, plant noble trees and exploit endemic fruit trees while respecting the biodiversity in place.


This project, founded with Accurafy's partners and Senior Advisors who have been established locally for 35 years, the law firm Gratereaux Delva & Associados, lawyers and experts in forestry law in the Dominican Republic, is to create an example of a reserve that respects the biodiversity in place, and to allow lovers of tropical spaces to have an authentic encounter with preserved nature from ecolodges that are self-sufficient in resources and energy.


The planting of noble woods and forest trees will enable the implementation of the planned project and its profitability in the long term. The carbon absorption and associated biodiversity will also be valued via partners such as Ecotree, one of the Greentech companies in Accurafy's portfolio.


The infrastructure and ecolodges will comply with a charter for the respect of the environment, particularly in terms of construction and use of resources.


This investment reinforces Accurafy's commitment to sustainable development, which accelerated in 2022: last May, Accurafy announced the launch of "Seed 4 Good", a fund of several tens of millions of euros dedicated to the seed of innovative and impactful European startups by capitalising on the experience of its team and senior advisors.


Accurafy's guideline was already to allocate 1% of the amounts invested to its "Sustainable Future" sub-fund, the first of its kind and created in partnership with EcoTree in April 2021. Accurafy has already acquired several thousand trees in the Saran forest, thereby partially offsetting the carbon footprint of its investments, and benefiting from an annual return of 2 to 4%.


Frédéric CARON, Co-founder and CEO of Accurafy Advisory, said: "It was important for us to carry out this project with committed members of Accurafy who are close to our values, which we have translated into our baseline "Invest for Good".


We will continue to make impact investments in the future. Indeed, for us, the sustainability of our assets must be as much economic and financial as it is environmental and social.”


***


About Accurafy 4 (A4)

Founded at the end of 2017 by four French "serial entrepreneur-investors", A4 is a Luxembourg-registered alternative investment fund. A4 is managed by Accurafy Advisory, a company registered with the CSSF in Luxembourg. A4 invests in early stage companies with proven innovation, a scalable business model and promising revenue traction. Its holdings and target companies are start-ups with a disruptive approach or technology, particularly in Regtech, Greentech, Sportech, Fintech, Sectech and Industry 4.0. Accurafy provides operational support for its investments.

With nearly 100 investor-entrepreneurs with a solid track record, Accurafy Advisory offers its members compartmentalized deal clubs, allowing them to compartmentalize the risk and performance of each investment.

Accurafy Advisory is deeply driven by its values: passion for entrepreneurship, technology and CSR.


More information on www.accurafy4.com Follow us on LinkedIn:


Contact

Candice Baudet

+33 (0)6 21 40 05 15

cbaudet@accurafy4.com

EcoTree raises €12 million and announces new investment from Société Générale, Financière Fonds Privés and Famae Impact.

June 28th 2022
June 28th 2022

French B-Corp greentech EcoTree raises €12 million to help its journey towards becoming the leading European Nature-Based Solutions provider. EcoTree welcomes investment from new partners Société Générale Ventures, Financière Fonds Privés and Famae Impact. Its historical shareholders, the Accurafy fund and Épopée Gestion, are renewing their confidence by respectively reinvesting and remaining actively in the capital, while the seed investors Finistère Angels are exiting.


Founded in 2016, EcoTree believes in the environmental and economic value of forests, ecosystems and biodiversity conservation. Its expert team of foresters and scientists have created unique nature-based solutions that allow companies and individuals to support sustainable forestry and vital conservation projects.


“Every day the news reminds us how much we depend on our natural environment. However, things are not moving fast enough; temperatures are rising and forests are suffering. We therefore need to scale to meet the climate challenge and the destruction of biodiversity”, says Erwan Le Méné, co-founder and president of EcoTree.


Building on existing in-house expertise and an established pan-European commercial and operational network, EcoTree will use this funding to further establish its status as an emerging and pioneering nature-based solutions provider in Europe. The funds will provide current and future clients even greater access to sustainable forests that remove carbon, promote biodiversity and generate economic returns. EcoTree will also increase its range of alternative carbon removals and biodiversity solutions.


With foundations laid in France, Denmark, Sweden, the United Kingdom, Belgium and the Netherlands, EcoTree will continue to expand commercially across Europe by investing in new nature projects across the continent, and marketing and communications in new national markets. EcoTree will also continue to invest in scientific research and technology to provide cutting edge solutions to individuals and firms, and for corporate clients specifically to fully leverage the impact of their environmental and ESG initiatives with EcoTree.


“Since the beginning of EcoTree our obsession has been to offer innovative solutions around the creation of carbon sinks and the preservation of biodiversity, in order to reconcile economy and ecology. We believe that this incredible environmental transition project must be embodied by concrete and local actions including a social component

and participating in the restoration of ecosystems.

We are proud and happy to welcome three new investors who will help us grow EcoTree in France and Europe and develop new Nature-Based Solutions.”

Erwan Le Méné, PrésidenĒ and co-founder of EcoTree


“The raison d’être of the Société Générale Group is to build, together with our clients, a better and sustainable future by providing responsible and innovative financial

solutions. By participating in EcoTree’s new fundraising round, through our fund Societe Generale Ventures, we have the clear ambition to continue the deployment of different types of durable solutions, and we’ll thereby support our clients’ desire to invest in projects that promote reforestation and biodiversity. We are delighted to take part in this adventure alongside of EcoTree which will allow us to continue to design tailor-made solutions for our customers. ”

Sandrine Enguehard, Head of ImpacĒ Finance SoluĒions aĒ SociéĒé Générale Group


“We work as a link between major private investors and unlisted companies, in order to create value for investors as much as for the companies to which we provide funding. EcoTree pursues exactly the same logic, offering its customers and partner companies the opportunity to contribute to nature while generating value. Anxious to support SMEs

and ETIs which are the greatest creators of wealth in our country, it seemed logical and virtuous to help EcoTree creating new jobs and new forests.”

Thierry de Chambure, Managing DirecĒor and ParĒner of Financière Fonds Privés


“Famae’s raison d’être is to finance companies that reduce the environmental footprint and work for the climate. Joining EcoTree’s pool of investors in order to accelerate its development with civil society and businesses, and help reducing the net impact of greenhouse gas emissions and contributing to the development of our forests and biodiversity, was an

obvious decision. And since EcoTree is also a story of enthusiasts, we quickly felt a strong affinity with the co-founders!”

Jérôme Leger, co-founder and ParĒner of Famae ImpacĒ


“We are very satisfied with the development of EcoTree since our entry into the capital in 2019, and it is therefore with great enthusiasm that we joinedthis

this Series B round. We strongly support the Company’s ambitions in Europe, as well as in new business verticals. Indeed, by launching our «Sustainable Future» compartment in partnership with EcoTree last year, through which we acquired several thousand trees in the Saran forest, France, we wanted to show the way within asset management and encourage the development of green financial products. Technology and sustainability being at the heart of our raison d’être, we are more than ever aligned with the values and objectives of EcoTree.”

Frédéric Caron, co-founder and CEO of Accurafy


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