Sellsy, a Paris, France-based provider of all-in-one CRM and FMS (financial management system) software solutions for SMEs, secured €55m in funding.
PSG made the investment.
Founded in 2009 in La Rochelle by Co-CEO Alain Mevellec and Chairman Frederic Coulais, who later added Co-CEO Victor Douek as he joined in 2016, Sellsy offers a CRM solution, including lead management, quotation and pipeline, marketing automation and contact management, coupled with key FMS functionalities including invoicing, payment reconciliation and liquidity management. The combination of CRM and FMS features in an all-in-one software suite allows Sellsy to cover end-to-end the sales prospecting, invoicing and reporting needs of SMEs in one platform.
Sellsy has ~6,000 SME customers and serves ~35,000 end users today.
Following the transaction, Sellsy will continue to be led by the existing management team, working in partnership with PSG to accelerate growth.