White Star Capital et al. back Klaxoon with $50m

White Star Capital, Sofiouest, BPI France and Idinvest backed the startup as part of the funding round.

BPI France used its Fonds Ambition Numérique vehicle for the transaction. Launched in December 2011, the fund had invested €182m as of December 2017. 

The latest round of funding will allow Klaxoon to bolster R&D and product commercialisation efforts in the US and in Europe, as well as increase its headcount to 250. 

Previous funding
Arkéa Capital, White Star and Wind Capital together provided a €5m funding round to Klaxoon to support its international development in Q3 2016.

Company
Founded in 2015, Klaxoon develops software aimed at boosting participation and memorisation during training, meetings and conferences. The service is used by organisations including SMEs, universities, local authorities and associations. Clients include Schneider, Disneyland, L'Oréal, Accenture, Nestlé, Sealed Air, Verizon and Marriott.

Headquartered in Rennes and with facilities in Lyon, Paris and New York, the business has a workforce of 150.

People
BPI France – Paul-Francois Fournier (innovation executive director).
Idinvest Partners – Benoist Grossman (founder).
Klaxoon – Matthieu Beucher (founder).

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• Topics
• Expansion
• France
• Technology
• France
• IDInvest Partners (AGF Private Equity)
• BPI France
• Venture