French sales management software company Sellsy has raised €7 million from services firm SofiOuest to begin internationalising.
The new funds will first be used to bolster the company’s position in France (where it currently has around 3,200 customers using its SaaS product) before expanding internationally. It is considering opening its first office outside of France, possibly in the UK. The La Rochelle-based company targets small and medium sized businesses.
While other countries will have different sales and billing regulations, the product will not need to be adapted significantly to meet these rules, the company said. The new funds will also be invested in building out its research and development functions.
“We are seeing a growing demand for our cross-functional offer. Sellsy’s idea is to put the customer at the centre and avoid the silo effects so common between the key services of the company. Sales people, marketing teams and support are finally on the same page,” added cofounder Alain Mevellec in a statement.
SofiOuest’s investment was advised by Arkéa Capital and Alto Invest.