Cleavr Raises €1 Million in Pre-Seed Funding
Cleavr, a Paris-based startup specializing in accounts receivable automation, has successfully raised €1 million in a pre-seed funding round. The company, which focuses on leveraging AI to streamline the entire accounts receivable process, aims to improve cash flow and reduce payment delays for businesses. This funding round was led by Kima Ventures, with participation from Better Angle, Raphaël Nahum, Régis Samuel, and Olivier Brourhant.
Meet the Team Behind Cleavr
Cleavr was co-founded by Baptiste Nassoy, who serves as CEO, alongside CTO Arthur Guerin and Antoine Grenard. The team brings together a wealth of experience in technology and business management, driving the company's mission to automate client account management with features like multi-channel reminders, AI integration, a debtor portal, and reconciliation capabilities.
Strategic Use of Funds
The newly secured funds are set to be used for further development of Cleavr's AI-driven solutions, which automate the accounts receivable processes. This will help businesses improve their cash flow management and reduce the time spent on chasing payments. The company also plans to expand its market reach across Europe, enhancing its ability to serve a broader range of clients.
Investor Insights
Kima Ventures, known for its investments in early-stage tech startups, led the funding round, signaling strong confidence in Cleavr's innovative approach to automating financial processes. The participation of other investors like Better Angle and prominent figures such as Raphaël Nahum, Régis Samuel, and Olivier Brourhant further underscores the potential seen in Cleavr's technology and business model.
With this injection of capital, Cleavr is well-positioned to advance its AI solutions and accelerate its growth in the European market. The company aims to become a key player in the financial technology sector, offering tools that significantly enhance the efficiency of accounts receivable management.