CM-CIC, Galia Gestion inject €5m into Adstellam

The round, split equally between the two investors, will be used by Adstellam to boost development and marketing efforts for its main product, L'Addition. Furthermore, the company will look to hire an extra 40 staff in the coming months.

The two GPs are understood to have secured a minority stake in the business.

Galia Gestion manages retail funds and also invests out of an evergreen investment company structure. It mainly targets businesses active in or based in the south-west of France. CM-CIC also manages a range of FIP and FCPI retail funds.

Company
Based in Bordeaux and founded in 2012, Adstellam has developed a point-of-sale software named L'Addition. The product is designed to allow restaurants to use tablets as tills. According to the company, the software is used by 2,500 clients for a combined annual sales volume of €1bn.

Based on the most recently available public information, Adstellam posted a €1.5m turnover in the year ending June 2016, with a €68,000 operating loss.

People
Adstellam – Sébastien Constant, Olivier Repessé (founders).

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• Topics
• Expansion
• France
• Technology
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)