Partech invests $2.5m in QuasarDB

Orolia also took part in the round, along with private investors. In 2015, NewFund Capital first invested $1m in Quasar. 

The fresh capital will be used to expand the US market by hiring more people in the company's New York office, and increasing sales and marketing efforts in the region. The investment will also be used for research and development.

Company
Quasar is a Paris-based software company, developing technologies designed to solve large amounts of numerical data problems as fast as possible. The database was originally designed for financial markets. The company was founded in 2008 and has eight employees.

People
Quasar DB – Edouard Alligand (CEO, founder).
Partech Ventures – Reza Malekzadeh (general partner).
Orolia – Jean-Yves Courtois (CEO).

Advisers
Equity – Gide (legal); 2C Finance, Benjamin Bitton, Jacques Haccoun (corporate finance).
Company – Orrick, Benjamin Cichostepski (legal).

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• Topics
• Early-stage
• Technology
• France
• Partech Ventures
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