BPI France et al. invest €70m in Evaneos

New backers Partech, Level Equity and Quadrille Capital have joined existing backers BPI France, XAnge Private Equity and Serena Capital to invest in the French startup.

BPI France invested via its €300m Ambition Numerique fund, closed in June 2013. 

Evaneos plans to employ 250 people by the end of 2019 to pursue its European and international expansion, with a greater focus on attracting US travellers visiting Europe.

Previous funding
Prior to the latest fundraise, the Evaneos raised three VC funding rounds. Isai, which largely focuses on funding early-stage internet startups, participated in all three rounds. After leading an intial $1m round in 2012, the VC was joined by XAnge in a $6m series-B round in 2014.

In 2016, Evaneos raised a $21m series-C supported by previous backers Isai and XAnge, alongside new investors Serena and BPI France. Serena invested via its €133m Serena II fund, closed in June 2015. At the time, the startup was planning to use the capital for product development and international expansion, including a US launch and future openings in the Netherlands, Denmark, and Sweden. 

Company
Founded in 2009, Evaneos is a booking platform for customised multi-day tours, connecting customers with around 1,300 professional local agencies to create multi-day tours. The business, based in Paris, employs 180 people.

People
Evaneos – Eric La Bonnardiere, Yvan Wibaux (founders).

Advisers
Company – Arma Partners (corporate finance).

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• Topics
• Expansion
• France
• Consumer
• France
• BPI France
• Partech Ventures