Consortium invests €32m in Hoppen

Also backing the business were new investors Extens and Geneo Capital Entrepreneur, as well as existing backers Kreizig Invest, Logoden Participations, Unexo, Sofimac Partners and Crédit Agricole d'Ille-et-Vilaine. Sofimac Partners invested via its €20m Breizh Up fund. 

Hoppen recently acquired Telecom Services, a provider of IT and multimedia services to healthcare institutions, from private holding vehicle Oxydis.

Seed funding was first provided to Hoppen in 2014 and Generis Capital injected €8m into the business three years later, according to news channel Frenchweb.

Company
Founded in 2011, Hoppen provides IT services designed to optimise the internal flows and processes of healthcare businesses. It claims its products save time for staff and improve the traceability of the medical tasks. Based in Cesson Sévigné, the business now employs 300 people and generates revenue of €25m.

People
Hoppen – Matthieu Malledant, Sebastien Dure (founders).

Advisers
Equity – Chammas & Marcheteau (legal); PDGB Avocats (legal); Altair Avocats (legal); Apollo Avocats (legal).
Company – Ryder & Davis (corporate finance); Chammas & Marcheteau (legal); Avoxa (legal); Make It Work (strategic due diligence); D'Ornano & Associes (legal).

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