Lausanne-based Olympe, a software development platform for large companies, has announced the closing of a funding round of approximately €2.3 million. This fundraising welcomed Inter Invest Capitali, both as a new shareholder and additionally its co-founder and Partner Benjamin Cohen will join Olympe’s Board of Directors. The round also opened up the capital to several employees who were eager to become more involved, with the subscription period being extended to 31 October 2020, for an additional amount of up to one million Swiss francs.
Founded in 2015, Olympe is a disruptive software development platform, whose mission is to deliver a product that smartly interacts with people and existing systems to empower companies to instantly align IT capabilities with business decisions.
“Olympe has developed a platform with a “low code software” feature to free companies from existing technical silos and encourage the adoption of new technological practices by its clients’ wide range of users. We are particularly appreciative of the excellence demonstrated by Olympe’s teams, who were able to develop a relevant, differentiating and innovative value proposition in a rapidly evolving market. We are delighted to lead this consortium, which will allow Olympe to industrialise its commercial approach and accelerate its development,” explained Benjamin Cohen, co-founder and Partner of Inter Invest Capital.
Thanks to this investment, Olympe’s co-founders and their 30 teammates will be able to accelerate the platform’s marketing phase by reinforcing the sales and marketing team. The development team will also benefit from this fundraising to build the Olympe platform of tomorrow, by continuing to meet the growing needs of users, especially for supply chain management.
“This first stage of financing as a Scale up Vaud labelled company will allow us to quickly diversify our client portfolio. We will be able to confirm that our product meets all kinds of opportunities for companies who wish to go digital,” said Antoine Forel, co-founder and Chief Financial Officer at Olympe.
“This is a fundamental step for Olympe. This marks the transition from the R&D phase to the marketing phase of our product. I am both proud and happy with the team’s accomplishments. Being able to complete this round under the current circumstances is exceptional. Despite the uncertainty over COVID-19, we have managed to open eight new positions since March. Olympe is now in a very good position to take on the next challenges: we have a prestigious board of directors, and the expertise of each member brings great value to our young company. We can rely on a talented and motivated marketing and sales team as well as a team of engineers whose qualities are well established,” said Laurent Chatelanat, co-founder and Managing Director at Olympe.
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