Index Ventures in €15m series-A for Databerries

Isai Gestion and Mosaic Ventures, which had jointly provided a €1.7m round in 2015, recommitted capital on this occasion. Several business angels completed the round.

The Paris-based startup will use the fresh funds to open a new office in New York to enter the US market. It also plans to double its workforce from 40 to 80 by the end of the year.

Previous funding
In 2015, Isai and Mosaic provided a €1.7m round of funding for Databerries. Isai was lead investor in the round, having just wrapped up fundraising for its €75m second fund. Databerries was one of the first investments with the vehicle. Meanwhile, the deal was the first investment in France for London-based VC Mosaic.

Databerries stated at the time it would use the fresh capital to recruit new engineers. It also intended to initiate the commercial launch of its first services.

Company
Founded in 2014 by former Crito and Google employees François Wyss, Benoit Grouchko and Guillaume Charhon, Databerries offers predictive mobile marketing services. The startup has around 100 clients, including Volkswagen, Intersport and Carrefour.

According to several press reports, Databerries' turnover exceeds the €1m mark. The company is based in Paris, France, and employs 40 people.

People
Isai Gestion – Jean-David Chamboredon (CEO).
Mosaic Ventures – Toby Coppel (co-founder).
Index Ventures – Dominique Vidal (partner).

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