The Paris Private Equity team advised Libeo on its €4 million round of fundraising led by LocalGlobe, a London-based venture capital fund investing primarily in seed stage firms.
The financing will enable Libeo to extend its offering and network to include all companies, and in the midst of a crisis that makes cash management all the more important. These funds will also accelerate the growth of French Fintech, which aims to bring payments made via its platform up to 30 million euros by 2021. The transaction was supported by longstanding shareholder Breega and the company’s current Business Angels.
With a network of more than 5,000 companies, Libeo is a FinTech created in 2019 to make it easier for VSEs and SMEs to manage and pay supplier invoices. The platform provides solutions that enable companies to better manage their cash flow.
The Goodwin team was led by Benjamin Garçon.