Omnes, A Plus invest €3.5m in Oxatis

The fresh funding will allow Oxatis to bolster its research and development team as part of its growth strategy. A further 60 new features will also be added to the business's SaaS offering.

The company expects its turnover to double over the next three years and in that time plans on hiring a total of 80 new staff – 50 for its base in France and a further 30 throughout Europe.

Oxatis will also explore strategic acquisitions throughout France, Spain, Germany and Italy.

Previous funding
Oxatis first received funding in May 2008, securing €2m in an A Plus-led funding round. A Plus supplied two thirds of the total, according to unquote" data.

In June 2010, Oxatis secured a further €4m from A Plus and Omnes. Omnes provided €2.5m of the total, with A Plus supplying the balance.

Company
Founded in 2001, Oxatis is headquartered in Marseille with additional offices in Paris, Surrey and Barcelona. The company operates under the Actinic brand in the UK, which the company acquired in 2012.

Oxatis provides an e-commerce SaaS platform to European online retailers. Features include software for a company to build its own e-commerce site, marketing and analytics tools, online shopping-cart software, store management and product catalogues.

The company has a customer base of online retailers totalling 7,300 throughout France, Spain and the UK. It claims to command a 60% share of the European e-commerce market and experienced a growth rate of 28% in 2013.

People
Marc Schillaci is the CEO of Oxatis. A Plus president Niels Court-Payen and Omnes partner Renaud Poulard worked on the deal.

Advisers
Equity – Gide, Pierre Karpik (Legal).
Company – Global Equities, Pascal Mercier, Guillaume Teboul (Corporate finance); Brunswick, Philippe Beauregard (Legal).

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• Topics
• France
• Expansion
• Technology
• Omnes Capital
• France