Tilkee, a start-up founded in 2013 by Sylvain Tillon and Timothée Saumet, has secured a second round of funding totalling EUR3.5 million. Omnes Capital, Evolem Start, Crédit Agricole Création, Axeleo Capital, and Kreaxi participated in this recent round.
Based in Lyon, Tilkee currently has 24 employees. Its monthly recurring revenue (MRR) was approaching the EUR100,000 mark at the end of 2017, with an 88 per cent year-on-year increase in turnover after an impressive 300 per cent increase in 2016.
“The fact that in 3 years Tilkee has not only raised EUR500,000, but has also achieved financial equilibrium has been a real asset,” says Sylvain Tillon, co-founder of Tilkee. “Our sensible growth strategy paired with successful market penetration has reassured our partners, demonstrating the soundness of our project as we seek to accelerate our expansion outside of France.”
Tilkee’s two historic financial partners, Axeleo Capital and Kreaxi, having already invested EUR500,000 in 2014, are also participating in this new round. During this recent process, the start-up welcomed three new investors: Omnes Capital (lead), Evolem Start, and Crédit Agricole Création.
Company principal, Xavier Brunaud, says: “Tilkee’s rapid commercial acceleration with major accounts over the past 18 months, combined with sound financial management, validate our support of this vibrant and complementary team of founders.”
The company’s first two supporters, Eric Burdier and Mathieu Viallard, who head the accelerator fund Axeleo Capital, a specialised player in the support and financing of B2B tech start-ups, reiterate their confidence in its management. “Tilkee has become a mature start-up of great interest to investors in its market. Perfectly structured and well-managed, its growth strategy for Europe is clear and ambitious with good market depth. It will surely pass significant benchmarks and we are quite pleased to support Sylvain, Timothée, and their team in their development.”
