The PIA, via Bpifrance, supports the development of Vulog and iAdvize

The Program of investments for the future (PIA) supports via Bpifrance the development of two digital service companies, Vulog and iAdvize. To enable them to go on growing, in particular internationally, the PIA participates in their fundraisings of respectively €8.4mn and €14mn.

DigitalResearch and development
25September2015

Vulog, an European leader in car-sharing, raised €8.4 mn from Fonds Ecotechnologies (which is managed by Bpifrance on behalf of the French State as part of the Programme of Investments for the Future run by ADEME) and from the growth-capital fund Environmental Technologies Fund, which is based in London. In a context of strong growth in car-sharing around the world, that fund-raising will give Vulog the means to extend its international presence and strengthen its technological progress.

Vulog offers turnkey solutions that enable the setting up of innovative car-sharing services for the mobility requirements of people or of comanies. The company currently provides its solution in Europe and in North America to various types of operators: mobility operators, hirers, constructors, car clubs, fleet managers, local authorities, etc.

iAdvize has concluded a fund-raising for €14mn led by Iris Capital with Fonds Ambition numérique, managed by Bpifrance as part of the Programme of Investments for the Future , and its historic investor Alven Capital. The fund-raising will allow iAdvize to continue with its strong international growth and to support its product innovation.

iAdvize’s mission is to humanise the online client experience to have an impact on sales and on client satisfaction. The publisher SaaS* is one of the leading players in the digital eco-system of client relationships in Europe. Its real-time engagement platform allows it to detect web users in critical situations and to put them in touch with the best contact person: a customer-service adviser or an expert client.

 

*Software as a Service

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