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 decentralization and implementation of their SaaS tools across their businesses. This platform allows CIOs and other IT leaders to manage parallel IT/digitalisation, strengthen technological autonomy of employees, and preserve corporate governance.

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

The company will be able to increase its international expansion and strengthen customer relationships by raising capital.

Beamy intends to invest in two areas to achieve this goal: Recruitment. The company plans to hire 40 additional team members over the next 12 months. Product development. This will include the strengthening of detection technology, decentralization workflows, and product development. These are to improve collaboration between IT departments and business lines when implementing and managing new SaaS solutions.

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