Cleavr raises €8M in a seed round to scale its AI-powered invoice collection platform across Europe, led by Varsity with support from existing investors.
Financière Saint JamesKeralaPortfolio VenturesBetter AngleKima VenturesVarsity
Description
Cleavr has raised €8 million in a seed round to expand its accounts receivable automation platform across Europe. The funding was led by Varsity, with participation from Kima Ventures, Better Angle, Portfolio Ventures, Kerala, and Financière Saint James. This investment follows a €1 million pre-seed round six months ago. Cleavr aims to streamline invoice collection for businesses, significantly reducing the time spent on chasing payments.
Company Information
Company
Cleavr
Location
France
About
Cleavr is a Paris-based startup focused on autonomous accounts receivable (AR) management. Led by CEO Baptiste Nassoy, Cleavr develops an AI solution designed to automate and optimize accounts receivable management for businesses. The platform supports finance teams across the full receivables lifecycle and addresses challenges such as late payments and cash flow inefficiencies. Cleavr serves approximately 50 clients.
Fundz sees it the moment Cleavr raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
FranceFinancial ServicesSoftwareArtificial IntelligenceSaasFintech