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New Deal


Announced

Completed

Singular, Alven Capital Partners and Kerala led a $41m Series B funding round in Indy.

Financials

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Transaction Value£30m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

Minority

Venture Capital

Digital Services

France

Completed

Domestic

Private Equity

Private

automation technology

Acquisition

Synopsis

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Singular, an investment management firm, Alven Capital Partners, an independent venture investment firm, and Kerala, an investor, led a $41m Series B funding round in Indy, an accounting automation technology. Indy, founded as Georges tech in 2016 by CEO Côme Fouques, Pablo Larvor, Adrien Plat and Romain Koenig, develops software that can be used as an accounting automation application by freelancers and small companies. The tool is sold against a recurring subscription and is in use by roughly 40k paying customers.

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