Idinvest, Ecomobility Ventures lead €7m round for Boxtal

The round brings the total raised by the group to €10.8m. Idinvest and Ecomobility provided the largest part of the round, and are joining the existing pool of investors, which includes CapHorn and several business angels. The latter have re-invested alongside the VCs.

Financière Fonds Privé, which had provided the group's first round of funding in 2000, fully exited the group in the round.

The fresh capital will be used by Boxtal to hire an extra 30 people, invest in marketing and R&D, and establish more partnerships with online shopping platforms such as Cdiscount and Amazon.

Boxtal will also focus on its international rollout, starting with the launch of Spanish operations this month.

Ecomobility is a French multi-corporate VC fund in which French corporations such as SNCF, Orange, Total, Air Liquide or Michelin are invested, and is managed in partnership with Idinvest.

Previous funding
In 2000, Financière Fonds Privé led a first round of funding for the platform, investing €1.2m. In April 2013, CapHorn Invest took a minority stake in the group, contributing to a €2.6m second round of funding.

Company
Established in 2009 and based in Paris, Boxtal (previously known as EnvoiMoinsCher.com) is an online shipping price comparison website.

The company has partnerships with 17 shipping companies, including Chronopost, FedEx, UPS, TNT, DHL and GPS.

The group expects a €25m turnover for 2016 and employs a staff of 50.

People
Idinvest Partners – Nicolas Chaudron (partner); Louis Bô (associate).
CapHorn Invest – Foucauld Delannoy (founding partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• France
• Technology
• France
• IDInvest Partners (AGF Private Equity)
• Venture