Fresh €1.5m round for Novapost

The VC backers were joined by Novapost's founders, as well as investment holding Kernel Investissements (established by PriceMinister founders Pierre Koscisuko-Morizet and Pierre Krings).

Alven, Fa Dièse and a group of business angels including Kosciusko-Morizet provided Novapost with €1.7m in June 2010. Kernel Investissements took a 12.5% stake in the business in January this year.

Novapost will now aim to strengthen its market share in France by broadening its offering and pursue its R&D efforts. It will also launch a new online product specifically targeting SMEs. Finally, Novapost is looking to expand internationally, starting in the US.

Company
Novapost, created in 2007, specialises in the dematerialisation of HR documents such as pay slips and timesheets. It offers companies and individuals an alternative to paper mail and paper archives through a 100% electronic mailing system, using SaaS (Software as a Service) solutions.

Profitable since January, Novapost expects to post a €4m turnover in 2012. It currently employs 35 staff and is planning to add another ten employees this year.

People
Charles Letourneur is in charge of the investment at Alven Capital. Jonathan Benhamou and Clément Buyse are co-founders of Novapost.

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• Topics
• France
• Expansion
• Support services
• France
• Alven Capital