Workit announces a fundraising of more than 3 million euros

Boulogne-Billancourt, June 30th 2016 – WorkIT, leader of Big Data for e-commerce, today announced a fundraiser, amounting to 3.3 million euros from Audacia, private equity firm founded in 2007 by Charles Beigbeder.

Strengthened by a long experience in the Big Data for e-commerce, WorkIT:

  • Collects data from the global e-commerce (prices and promotions, assortment, product specifications, consumer reviews, etc.)
  • Assesses this information and integrates all data into the world’s largest database of e-commerce products, thus building a reliable and accessible catalogue.

WorkIT also offers its clients a 360 ° view of their market, allowing them to analyse trends and developments in real time through innovative software analysis, alerts, and market benchmark solutions, easily accessible online.

Since its creation in 2006, WorkIT maintained a steady growth over the years and now employs over 50 people in its European offices in Paris, London and Düsseldorf. In addition, the company recently launched a dynamic global recruitment strategy to support its product development and international expansion ambitions.

“Our goal is to consolidate our leading position as big data market for e-commerce solutions provider, and to continue to effectively support our customers through constant innovation,” explains Bernard Euverte, co-founder and president of WorkIT. “This fundraising will allow us to strengthen our research and development pole, increase our database with new categories and in new countries, develop new solutions and expand our commercial presence abroad.”

LD&A Jupiter accompanied WorkIT throughout the fundraising process as exclusive financial advisor.
“I am impressed by WorkIT’s efficiency in combining the sophistication of the tools with the rigor in the collection and analysis of data and ergonomic solutions.” Adds Francis Lorentz, president of LD&A Jupiter. “The quality of its customer base, retailers and brands allows the company to show big ambitions of international development.”

“We were impressed by WorkIT’s innovative technology and its positioning in an evolving sector.” Says François Terrier, chief investment officer at Audacia. “Bernard Euverte and his team presented a solid development project and we are pleased to support them.”

About LD&A Jupiter
LD&A Jupiter is an international consulting firm specializing in mergers and acquisitions and fundraising transactions in the TMT sector (internet, software, telecom, technology, media). From offices in London, Munich, Paris, Berlin, Amsterdam and branches in New York and Los Angeles via its joint venture LD&A Redwood, the company is present in the main areas of the digital economy and international finance.
Since 2004, LD&A Jupiter has completed over 200 transactions of which 70% abroad, including in the American and Asian continents.

About Audacia
The preferred SMEs’ financial partner, Audacia was launched in April 2007 by Charles Beigbeder and provides innovative financing solutions to profitable and growing businesses. Audacia supports their creation, development or transmission by strengthening their balance sheet structure:

  • at an attractive price
  • without diluting the shareholding

Audacia releases growth, SMEs’ retain their independence.