Benjamin Bitton, Julien Solyjan and Louis Markey from 2CFinance's Transaction Services team conducted Indy's financial due diligence for BlackFin Capital Partners.
The Lyon-based startup Indy, a pioneer in automated administrative management for independents, is accelerating its development thanks to a new 40 million euro funding round. This operation announced today brings the total funds raised by Indy to 86 million euros, following an initial round in 2020.
A one-stop solution
Founded in 2016 by Adrien Plat, Côme Fouques, Romain Koenig and Pablo Larvor, Indy has developed a unique platform that allows independents to: automate their accounting via a bank connection, generate invoices and estimates, track expenses, manage payroll... and handle all their administrative tasks in a single tool.
Indy has already won over more than 70,000 independents, confirming the relevance of the model. They now want to step it up and become a key player in their market.
They are therefore raising €40 million to recruit new teams and improve their product.
A round of funding and strategic choices
Indy aims to have 1 million independents by 2027. To achieve this, they have chosen to strengthen their leadership position in France before considering international expansion. This choice is justified by the potential market in France, which currently has 10 million individual companies.
The startup also reaffirms its commitment to fully meeting the needs of the independent community and therefore wants to guarantee them an exceptional experience. Particular attention and significant investment will be focused on continuously improving the product.
In addition, Indy announces that its offer will be freely accessible via a pro account from January 2024. This demonstrates the objective of democratizing their product to access the greatest number of independents.
We look forward to checking in with them in a few months to see if their strategy has borne fruit!
Did you like this article? Share it!
To find out more about our services and talk to our experts, contact us.
