Toucan Toco, a Paris, France-based data storytelling company, raised €12m in Series A funding.
The round was led by Balderton Capital.
The company intends to use the funds to
– accelerate growth in Europe and the United States,
– expand its range of solutions, and
– strengthen its technological leadership through the development of ready-to-use applications.
This fundraise will also enable Toucan Toco to launch a self-serve product, which will offer a wide library of ready-to-use data storytelling templates. Users will be able to pick one and connect it with various data sources, such as Stripe, Shopify or LightSpeed in a few clicks, creating a bespoke tool in minutes.
Founded in 2014 by Kilian Bazin, Charles Miglietti, Baptiste Jourdan and David Nowinsky, Toucan Toco provides a data storytelling platform which allows organizations to provide actionable insights to non-technical business users, including CxOs, HR directors, financial managers and operational staff, such as those at Renault-Nissan.
From 4 partners to 80 employees within 5 years, the company’s platform is used by 120 corporate account clients, for 300 projects, among which Renault Nissan, Engie, BNP Paribas, Crédit Agricole, l’Oréal, Marques Avenue, Elior, Sodexo.