Cathay Innovation et al. in series-A round for Saagie

Cathay and Caisse d'Epargne Normandie joined historical investors CapHorn Invest, BNP Paribas Développement and the Matmut group in the new round of funding.

Cathay used its C Entrepreneurs vehicle, supported by BNP Paribas Cardif. The fund typically invest $100,000-1m in early-stage startups operating in the banking and insurance space.

The most recent fundraising of €4.2m in 2016 allowed the startup to increase the range of products offered and recruit 40 staff in the space of a year.

The company plans to use the new funds to continue to improve the product and open offices in New York.

Company
Founded in 2013 and headquartered in Petit Quevilly, Saagie uses AI technologies for its big-data processing platform. The platform, which provides pre-integrated open-source blocks for collecting, analysing and processing large enterprise data, is used in the banking and insurance industry. The company has offices in Paris and San Francisco.

People
Saagie – Arnaud Muller (CEO).
Cathay Innovation – François Cochy (principal).  
CapHorn Invest – Laurent Dumas-Crouzillac (partner).

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

• Topics
• Expansion
• France
• Technology
• France
• Cathay Capital
• Venture
• BNP Paribas Développement