Lausanne-based software development platform for established companies, Olympe has raised €2.3M in a funding round held in July 2020, led by Inter Invest Capital. Benjamin Cohen, co-founder and Partner at Inter Invest Capital will be joining Olympe’s Board of Directors.
The fresh funds have been made available to several employees who were willing to become more involved in the startup. Additionally, capital raised will also help the startup comprising of its 2 co-founders and 30 colleagues to speeding the platform’s marketing phase by strengthening the sales and marketing team. The development team will also benefit from this investment to develop the Olympe platform, by continuing to cater to the increasing needs of users, particularly for the supply chain management.
The general shareholders’ meeting has also agreed to extend the subscription period to 31 October 2020, for an extra amount of up to 1M Swiss Francs.
Laurent Chatelanat and Antoine Forel founded the startup in 2015. Its aim is to bring forward a product that smartly interacts with people and existing systems to allow companies to promptly align IT capabilities with commercial decisions. Olympe has been rewarded with multiple Swiss and European appreciations, due to its unique ‘code as data’ technology.
It has set up a platform with a “low code software” feature for free companies and encourages the adoption of new technological services by its clients’ extensive range of users. Benjamin Cohen was quoted to say, “We are particularly appreciative of the excellence demonstrated by Olympe’s teams, who were able to develop a relevant, differentiating and innovative value proposition in a rapidly evolving market. We are delighted to lead this consortium, which will allow Olympe to industrialize its commercial approach and accelerate its development.”
Laurent Chatelanat, co-founder and Managing Director at Olympe said that their team views this funding round as a major step forward in its journey. Despite the ambiguity presented by the COVID-19 situation, the startup still managed to open 8 new positions since March. The co-founder is looking forward to working with Olympe’s brilliant and driven marketing, sales and engineering teams who are now in a well-established position to work.
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