# Elyn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elyn

- Industry: Software
- Headquarters: France
- Website: www.elyn.io
- Total disclosed funding: $2.6M
- Latest round: Seed (Mar 8, 2023)
- Investors on record: 4

## About

Based in Neuilly, France, and co-founded by El Mehdi Hachad (CEO) in 2022, Elyn operates as a plug-and-play e-commerce solution company offering a try-before-you-buy (TBYB) service. In March 2023, the firm raised EUR 2.5 million in seed funding co-led by investors Headline, and Sequoia Capital, with participation from other investors Financière Saint James, and Motier Ventures.

The company through its fully customizable plug-and-play platform assists merchants and retailers that want to give free "try at home" options on their online offers by handling payments and returns. The ability for customers to try products before making a purchase and the availability of a free return service for all deliveries boost the merchant's product conversion rate by 30%, average basket rate by 20%, and the percentage of returns that become exchanges by 40%.

## Funding rounds

- Seed, Mar 8, 2023, $2.6M — Hong Shan, Headline, Financière Saint James, Motier Ventures

## Investors

- Hong Shan — Seed
- Headline (https://capitalatlas.ai/funds/headline) — Seed
- Financière Saint James — Seed
- Motier Ventures — Seed