Obat, a French startup that provides a SaaS solution to simplify the management and processes of building professionals, has raised €6 million in a funding round led by Truffle Capital, a French venture capital firm. Evolem, Club Holnest, and BPI France also participated in the round. The funds will be used to expand Obat's reach and to improve its services.
Obat was founded in 2019 by Florent Liagre, Franck Asseray, and Antony Girault. Its platform is designed to help building artisans and small businesses by improving the quoting of bids, monitoring invoicing, and margins of each project. By streamlining the customer relationship and automating repetitive tasks, Obat allows building professionals to focus on their core business and maximize their value proposition.
The company's focus on improving the day-to-day operations of building professionals has led to a successful funding round, with the company aiming to reach 10,000 active clients and €3 million in annual recurring revenue by the end of 2022.
Truffle Capital, founded by Philippe Pouletty, is a well-known French venture capital firm that invests in innovative companies in the life sciences, energy, and digital sectors. Evolem is a French investment company that focuses on SMEs and mid-cap companies. Club Holnest is a French business club that brings together entrepreneurs to share their experiences and build their networks. BPI France is a public investment bank that supports the development of French companies.
Overall, Obat's funding round is a significant milestone for the company, which aims to transform the building industry by providing a simple and intuitive solution for building professionals. The funding will enable the company to expand its reach and improve its services, ultimately helping building professionals to increase their productivity and profitability.