Eurazeo et al. invest $230m in Meero

Eurazeo has acquired a minority stake in the business, investing $56m. The GP invested alongside Prime Ventures, Avenir Growth and the company's historical investors – Global Founders Capital (GFC), Aglaé Ventures, Alven Capital, White Star Capital and Idinvest Partners' venture team.

This fundraising will enable Meero to increase its customer base, expand in new geographies and further continue its product development operations.

Previous funding
Kima Ventures, Global Founders Capital, Rocket Internet, FJ Labs and Aglae Ventures first led a €4.1m round of early-stage funding for Meero In July 2017. The funding was used to expand its team of 55 employees, explore the development of new products and to accelerate its growth. Just a few months later, Alven Capital led a €15m series-A round for the startup, alongside White Star Capital and existing investors GFC and Aglaé Ventures.

Just under a year ago, Alven and new backer Idinvest injected $45m of new capital in the business. The round was meant to help Meero open a new centre in France and expand into the US and Asian markets in H2 2018.

Company
Founded in 2016, Meero is a Paris-headquartered 'all-in-one' photography and video production platform delivering on-demand services to professionals.

The business provides services such as revenues and market research to invoicing, debt recovery, post-production, and delivery, but also photo editing. Its publishing, content enrichment and automated editing technology reduces post-production time.

The business employs 600 people, working from five offices in Paris, New York, Shanghai, Tokyo and Bangalore. 

People
Idinvest – Benoist Grossmann (managing partner).
Eurazeo – Yann du Rusquec (managing director of Eurazeo growth).

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