French company Eulerian Technologies, which specializes in the collection and analysis of data, completed a financing round of €5 million. The funding comes from ISAI Management, through its equity growth fund. ISATIS Capital also participated in the round in the form of bond financing. At the same time, Olivier Mathiot, co-founder and CEO of PriceMinister, and Paul Strachman, ISAI’s Venture Partner in New York, joined the board.
Founded in 2002 by Guillaume Fougnies and Mathieu Jondet, Eulerian Technologies develops real-time analysis, automation and optimization solutions for e-marketing operations. The company currently has 50 employees in France, Spain and Canada. Eulerian Technologies boasts more than 130 customers in 35 countries, including Voyages-SNCF.com, Celio, SFR, Sarenza, Fnac, Galeries Lafayette and Warner Bros. In 2015, the company achieved a turnover of €5.7 million.
Eulerian Technologies plans to use the investment to accelerate its growth. The company intends to strengthen its staff dedicated to customer support, and to focus on R&D.
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