Inven Capital et al. back Cosmo Tech in $21m series-B

Czech VC Inven Capital, which led the round, French GP Cemag Invest and C Entrepreneurs (a vehicle jointly managed by Cathay Innovation and BNP Paribas Cardif) backed Cosmo for the first time.  

Historical investors that have recommitted include Aster, Sofimac Innovation, Crédit Agricole Creation, Total Energy Ventures and BNP Paribas Développement.

This new round will enable Cosmo to step up its recruitment efforts, take its software to market and expand internationally, predominantly in Europe.

Previous funding
Cosmo raised $3m in 2017, in a round led by existing investor Sofimac Partners. The round included additional participation from new investor BNP Paribas Développement and existing investor Aster Capital.

The startup disclosed at the time that, including the latest round, it had raised $8.2m in total since 2014.

Company
Founded in 2010 and based in Lyon, Cosmo is a publisher of decision management software based on augmented intelligence. The company offers products delivering asset management and operations services for critical infrastructure. 

Among its France-based users are electricity transmission system operator RTE, rail transport specialist Alstom, and Nexans, a producer of cable products for infrastructure. The startup currently serves customers based in France, the UK, Switzerland and Benelux.

People
Inven Capital – Ivo Nĕmejc (investment director).
Cosmo Tech – Hugues de Bantel (co-founder, CEO); Michel Morvan (co-founder).

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