Fundraising: ESSEC is right on the money

The ESSEC network saw no fewer than six fundraising operations for dazzling amounts in the recent months. It’s an excellent example of the entrepreneurial spirit that drives our alumni!   

Launched by Guillaume Alary-Raisonnier (M08) and Nicolas Hernandez (Polytechnique), 360Learning, the online training leader, raised $41 million to set up in the UK and USA.

Developed by Clément Bonhomme (E11), Foodles, the company canteen and freefood service, raised €9 million from Creadev, DN Capital and Adelie, ready to double its workforce and expand its business beyond Paris.

Founded by Côme Fouques (E12) and Adrien Plat (C08), Georges, the automated accountant for the self-employed, raised €10 million from Alven Capital to recruit a team of 40 data scientists and developers, who will be tasked with adapting the start-up’s technology to new markets.

Founded by Isabelle Teboul (E12), Ariel Boukobza (M10) and Arnaud and Déborah Fritz, Myre, the SaaS platform for asset managers in commercial property, raised €2 million from some of its long-standing investors, as well as Naxicap, Keys Asset Management and business angels like William Ayache and 
 Jean Peyrelevade, with the aim of accelerating its growth, developing new features, and moving into adjacent markets.

Launched by Cécile Mérine (G17), Otherwise, the collaborative insurance pioneer, raised €2 million from its long-standing investors – including 360 Capital Partners – as well as the health insurance firm, Mutualia Grand Ouest. The aim? To launch a range of car insurance.

Developed by Alexis Angot (E08), Ynsect, a company that breeds and processes insects for use in animal feed and green chemistry, raised €20 million from the European Commission to build a new factory in France and expand across Europe.

Have you spotted any more achievements from ESSEC entrepreneurs the past few months? Let us know!