Cathay and Serena in €20m series-B round for Alkemics

The round of funding, which was led by Cathay, comes around 18 months after the Parisian startup raised €5m from Partech, Index Ventures and SEB Alliance. All three investors also re-invested in this latest round.

The fresh capital should enable Alkemics to speed up its international rollout, in Europe and elsewhere, and to hire new staff in the sales, marketing and technical fields. The startup is also planning to open up new branches across the EU and North America.

Previous funding
In March 2015, Partech, Index and SEB Alliance provided a series-A funding round to Alkemics. The capital enabled the company to develop its product range and grow its customer base by three.

The startup had also raised an undisclosed amount of seed funding in 2012.

Company
Founded in 2011 and based in Paris, Alkemics provides a software that enables suppliers to manage, share and deliver product information with their distributors.

The startup currently services 2,500 brands, including international groups Auchan, Casino, Danone, Mars and Unilever.

People
Cathay Capital – Jacky Abitbol (partner); Jean-Francois Cochy (associate). 
Serena Capital – Xavier Lorphelin (managing partner); Marie Brayer (principal). 

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