Jolimoi, the French BeautyTech startup, has raised 7 million euros ($7.6 million) in a funding round led by Seventure Partners and joined by angel investors Pauline Duval, Thierry Petit, and Nathalie Balla. The funding will be used to strengthen the team, invest in technology, and expand the company's presence in Italy by the end of the year.
Jolimoi was founded in September 2017 by Isabelle Rabier, Jennifer Fiorentino, Mathilde Lemée, and Aurelia Clot. The company collaborates with over 4,600 professionals in France and Belgium, providing them with digital tools and training to create a website tailored to their image, grow their community, and sell products from a catalog. In 2021, the company reported a revenue of 5 million euros, a growth of more than 300% compared to 2020.
Transaction Services - 2CFinance supported Jolimoi during the due diligence process for this funding round. Seventure Partners is a venture capital firm that invests in innovative companies in the life sciences, digital, and industrial sectors. Pauline Duval is the co-founder of La Redoute, a French e-commerce fashion and home decor retailer. Thierry Petit is the co-founder and CEO of Showroomprive.com, a French online retailer specialized in fashion and household items. Nathalie Balla is the co-CEO of La Redoute.
Jolimoi's objective is to provide professionals with the tools they need to create an online presence and grow their businesses. The company's success is due to its ability to identify the needs of its customers and provide them with tailored solutions. With this funding, Jolimoi will be able to expand its reach and continue to innovate in the BeautyTech sector.