Arkea, Omnes, A Plus Finance in €4m series-D for Oxatis

The transaction marks the fourth funding round raised by the Marseille-based firm and brings the total funding it has received to €13.5m.

Together, Arkea, Omnes and A Plus now hold a shared majority stake in the company. With existing activities in Spain, the UK and Italy, the group would now like to expand into new European markets, aiming to grow the portion of its international sales from 20% to 50%. In terms of turnover, Oxatis is aiming for €40m within five years.

Previous funding
In 2008, A Plus provided two thirds of a €2m series-A round for the group. Two years later, in June 2010, A Plus and Omnes provided a further €4m, with the latter providing €2.5m of the total. A third round came in 2014, when the pair injected €3.5m.

Company
Founded in 2001, Oxatis is headquartered in Marseille with additional offices in Paris, Surrey and Barcelona. The company operates under the Actinic brand in the UK, which the company acquired in 2012. The group provides an e-commerce SaaS platform to European online retailers. Features include software tools for a company to build its own e-commerce site, marketing and analytics tools, online shopping-cart software, store management and product catalogues.

The company has a customer base of online retailers totalling 7,300 throughout France, Spain and the UK. It registered €8.5m sales in 2016.

People
Omnes Capital – Renaud Poulard (partner).
Arkéa Capital Investissement – Pierre-Emmanuel Boulic (head of innovation); Jean-Yves Noir (investment manager).
A Plus Finance – Niels Court-Payen (CEO); Guillaume Girard (partner).

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• Topics
• Expansion
• France
• Technology
• France
• Omnes Capital
• A Plus Finance