XAnge and Isai back Evaneos

XAnge led the round, with existing backer Isai contributing the remainder.

The fresh capital will be used by Evaneos to expand outside of its existing markets in Europe. The company is currently present in France, Spain, Italy and Germany.

The company also hopes to triple its workforce in the next few years. Staff count at Evaneos has close to doubled every year since inception.

Previous funding
According to unquote" data, Isai backed the company with a €715,000 investment in February 2011. The firm invested via its Isai Developpement vehicle, which held its final close in October 2010 on €35m.

Company
Founded in 2009 and headquartered in Paris, Evaneos provides an online platform for travel experiences.

The premise behind Evaneos is to offer an alternative trip-planning service to the major tour operators. The platform allows customers to create their own travel experience by putting them in touch with agents in each separate destination. Customers can plan, work out the cost and book their trips through Evaneos.

At the end of 2012, the company employed 20 staff. Sales have increased from €2m in 2010 – Evaneos's first year as a trading business – to €14m in 2012.

People
Eric La Bonnardière is the CEO of Evaneos and founded the business alongside CTO Yvan Wibaux. Rodolphe Menegaux is a director at XAnge, while Christophe Raynaud is the general director of Isai.

Advisers
Equity (Isai) – Gide Loyrette Nouel, Pierre Karpik (Legal).
Equity (XAnge) – Jones Day, Charles Gavoty (Legal).
Company – Orsay, David Sitruk (Legal).

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• Topics
• France
• Expansion
• Consumer
• France
• XAnge Private Equity
• ISAI