French business intelligence platform BiBoard raises another €1.5 million

shaheen@tech.eu

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BiBoard, which makes cloud-based business intelligence software, has raised and additional €1.5 million from its existing investors: Sigma Management, Kreaxi, Alps Capital innovation and Entrepreneur Factory.

BiBoard is a software platform that collects and shares data to all levels of a corporation. It allows company employees to connect to many different databases from a single dashboard.

The company serves corporate clients, which to date include Clarins, Orange, Domaxis, Domaines Barons de Rothschild, Visiativ, Calystene and Radiall.

Biboard currently has a staff of 25 and a few months ago opened a new, Paris office to be closer to many of its clients. The company was previously based in Grenoble.

Thierry Thépaut, founder and president of BiBoard says the company has seen a “strong increase in orders recorded during the first 11 months of the year, more than 300% higher compared to the same period of 2015, and with the strongest acceleration over the last three months. ”

The investment follows a €2 million round in May 2015 from the same investors, and brings its total funding to €3.5 million to date.

Read more: Le Dauphine (French)

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