ForCity, a Lyon, France-based urban simulation software developer, closed €8m in funding.
The round was led by CM-CIC Innovation with participation of the Caisse des Dépôts Group, Omnes Capital and Axeleo Capital.
The company intends to use the funds to toboost its international endeavours while maintaining and increasing its investment in technology.
Founded in 2014 and led by Thomas Lagier, CEO, Jean-Marc Kerisit, CTO, and François Grosse, President, ForCity provides public and private stakeholders in energy, environment, urban planning and real estate with a simulation tool to anticipate challenges and optimize planning by simulating any and all the scenarios they may want to explore to manage services and infrastructures in cities.
The company employs over 82 people in Lyon, Rennes and Paris with clients including companies such as Veolia, Dalkia (EDF group) and Keolis, as well as public or broader public-sector authorities, such as Greater Lyon, the Île de France water authority or Syndicat des Eaux d’Île de France (SEDIF), the Artois Urban Planning Agency or Agence d’Urbanisme de l’Artois, and the Seine Saint-Denis Chamber of Commerce.