Opencell Software, a Dijon, France-based open source carrier-grade billing software solution, raised €650k in seed funding.
Backers included Kima Ventures, Cap Innov’Est, a regional venture fund based in Eastern France, Awys, the personal fund of Eric Durand-Gasselin, regional business angel network Bourgogne Angels and other business angels based in France and the United States.
The funding, leveraged by additional R&D and debt financing of 600k€ received from BPI France, the French public investment bank, will be used to expand the company’s operations, sales, product development and marketing operations.
Founded in March 2015 by CEO David Meyer, Opencell operates an open source carrier-grade convergent billing system covering the entire consume-to-cash process including mediation, rating, charging, invoicing and AR management. It is available for on premise installation and for cloud deployment on the Microsoft Azure marketplace.
The solution is used by telco, utilities, cloud infrastructure, software, health, banking, media, transport operators, etc.
In order to further accelerate its product and commercial development, Opencell Software is targeting a series A funding round in the second half of 2016.