Akeneo Raises $2.4M in Funding

akeneoAkeneo, a Nantes, France-based developer of open-source software, raised $2.4m in funding.

Venture capital firm Alven Capital made the investment joining previous backers Kima Ventures and Nestadio Capital.

The company intends to use the funds to strengthen its France-based-based technical teams to develop its solutions and expand in Germany and the USA.

Created in 2013 by Frédéric Gombert and Yoav Kutner, Akeneo provides open-source product information management (PIM) software designed for the multichannel needs of retailers.
The company employs fifteen full-time people and twelve partners in Germany, Australia, the Netherlands and the US.
Around 2,000 developers are currently part in the Akeneo software community.



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