Alven, Idinvest inject $45m into Meero

The second round of funding has seen previous backer Alven inject further equity, while Idinvest backed the business for the first time.

The latest round of funding will help Meero to open a new centre in France, and expand into the US and Asian markets in H2 2018.

Previous funding
In September 2017, Alven led a €15m series-A round for Meero alongside US-based White Star Capital and existing investors GF Capital and France-headquartered Aglaé Ventures.

The startup first received funding of €4.1m in June 2016.

Company 
Founded in 2016 and based in Paris, Meero uses artificial intelligence for image editing. Its service allows the standardisation of photo production. The startup's client base includes Airbnb, Just Eat, Expedia and Trivago. Meero employs 180 people and operates projects in 100 countries.

People
Meero – Thomas Rebaud (co-founder, CEO).

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• Topics
• Expansion
• France
• Technology
• France
• IDInvest Partners (AGF Private Equity)
• Alven Capital