Beamy Raises €8M in Series A Funding

Beamy, a Paris, France-based provider of a SaaS management platform for large companies, raised more than €8m ($9m) in Series A funding.

The round was led by the Aglaé Ventures, ISAI and Evolem funds, with participation from Nicolas Hernandez (360 Learning) and Erwan Keraudy (CybelAngel).

Led by CEO and co-founder Andréa Jacquemin, Beamy provides companies with more than 1,000 employees with a solution for governing the decentralisation and implementation of their SaaS tools across their businesses. The platform helps CIOs and other IT leaders control this parallel IT/digitalisation and strengthen the technological autonomy of the employees while preserving corporate governance. 

The solution has already attracted notable customers including LVMH, Decathlon, Orange, Engie and BNP Paribas, among others.

The fundraising will allow the company to accelerate its international development and strengthen customer relations by supporting them in their long-term governance efforts. 

To do this, Beamy plans to focus its investments on two major areas: Recruitment, with plans to hire 40 more team members in the next twelve months; Product development, with the strengthening of detection technology and decentralisation workflows to further streamline collaboration between IT and business lines in the implementation and management of new SaaS solutions.