Cipio Partners, Hi Inov et al. invest €16.5m in Agorapulse

German investor Cipio provides growth capital and acquires minority stakes in companies that have outgrown the venture stage. It initially invests €3-10m and can continue investing in the future expansion of these companies.

French firm Hi Inov backs series-A rounds, but will also take part in series-B rounds, providing up to €15m per business. The VC held a first close on €90m for Hi Inov 2 in Q1 this year. France-based Entrepreneur Venture is a venture capital firm focusing on seed, early-stage and growth capital transactions in SMEs. 

Agorapulse was launched with the management's personal investment and has achieved year-on-year growth of 65%, according to a statement. Starquest Capital structured a $300,000 round of seed funding for Agorapulse in 2012, according to Unquote Data.

Company
Founded in 2010, Agorapulse develops a platform that helps businesses and agencies to grow, engage a social media following, measure performance, and optimise their Facebook, Twitter and Instagram presence, with advanced publishing and moderation tools. Headquartered in Paris, the business has offices in San Francisco. The company employs 65 people.

People
Agorapulse – Emeric Ernoult (CEO); Benoit Hediard (chief technology officer).

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