Funding Round attributes
Agicap, a French treasury management SaaS company, has raised €45 million in a Series C funding round led by AVP. This capital will drive Agicap’s product development and global expansion efforts, enabling it to enhance its cash flow management solutions for mid-market firms. Agicap’s platform, which provides real-time insights into current, historical, and projected cash flows, empowers finance teams to make informed decisions and optimize liquidity strategies.
Founded in 2016, Agicap simplifies the consolidation of cash flow data by integrating directly with bank systems through local protocols, APIs, and SWIFT. Its platform also connects with enterprise resource planning (ERP) tools and other business software, making it a versatile choice for complex financial environments. Currently, Agicap serves 8,000 companies across multiple regions, including DACH, Italy, the U.K., Ireland, and Spain, following a successful Series B in 2021 led by GreenOaks Capital.
Clément Mauguet, co-founder and Chief Expansion Officer at Agicap, emphasized the growing importance of cash management in today’s challenging economic environment. He noted, “Mid-market organizations face substantial complexity in tracking countless cash flows across entities, bank accounts, and currencies. Agicap automates this process, delivering critical insights in minutes.” Mauguet highlighted the platform’s ability to reduce the administrative burden on finance teams, allowing them to focus on strategic cash management.
Warda Shaheen, General Partner at AVP, expressed strong support for Agicap’s growth potential, stating, “Agicap combines best-in-class technology and a product-driven culture, and we were impressed by its scalability and rapid growth. We’re excited to partner with Agicap as they expand their global footprint.”
The funds will also bolster Agicap’s sales and customer success teams, especially as it aims to strengthen its presence outside of France. As mid-sized companies increasingly require specialized financial tools, Agicap’s comprehensive treasury management solution positions it as a valuable asset in the evolving market.
