Isai, Go Capital inject €4m into Digitaleo

Business angels from the retail and marketing space also took part in the round. Although the VC recently held a first close for its latest fund on €55m, Isai is understood to have invested from its second fund, which closed on €50m in 2013 and targets more established businesses.

Although the company had been approached with funding offers several times in the past, management had not felt the need for external capital until more recently, according to Digitaleo CEO Jocelyn Denis. The funding round was intermediated by 66 NTH.

Digitaleo will use the funds to bolster its position on the French market, develop internationally and make targeted acquisitions.

Company
Established in 2004, Digitaleo publishes a digital marketing software-as-a-service platform, targeting small businesses and large retail chains. Based in Rennes, the company employs 60 staff and claims to serve 2,700 clients.

People
Pierre Martini led the deal for Isai. Go Capital was represented by David Leray.

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