# iFollow

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

- Industry: Industrial Machinery
- Headquarters: Paris, France
- Website: www.ifollow.fr
- Total disclosed funding: $0.8M
- Latest round: Seed (Sep 17, 2018)
- Investors on record: 3

## About

iFollow SAS specializes in developing innovative robotics technology designed to enhance logistics and supply chain operations, offering sophisticated automated solutions for warehouses and distribution centers.Founded in 2017 and headquartered in Paris, France, iFollow SAS focuses on robotics solutions for warehouse automation. In May 2022, the company was acquired by Stow International NV, a portfolio company of Blackstone Group, from several investors including Bpifrance and Supernova Invest. The acquisition is expected to create synergies with Stow's existing products, notably the Atlas 2D pallet solution. The company has secured EUR 4.049 mn in funding across multiple rounds, with the latest round led by Supernova Invest, bringing the total amount raised to EUR 4.049 mn and the current valuation to EUR 13.315 mn.iFollow SAS provides advanced robotics systems for warehouse automation, including automated guided vehicles (AGVs) that enhance operational efficiency in logistics. Their solutions are targeted at sectors such as e-commerce, retail, and manufacturing, aiming to streamline inventory movement and reduce manual labor.For the year 2023, iFollow SAS reported a revenue of EUR 1,972,577.90, with an EBITDA of EUR -4,102,114.80, reflecting the company's ongoing investments in development and growth.Following the acquisition in May 2022, iFollow SAS aims to leverage Stow International NV's resources to accelerate the growth of its robotics solutions. The company is currently focusing on expanding its product offerings, particularly in automated logistics technology, to tap into new markets. Recent funding will support these initiatives, enhancing product development and market reach, particularly in European and North American regions. By aligning with Stow's established logistics solutions, iFollow SAS anticipates a significant enhancement in operational capabilities and market presence.

## Funding rounds

- Seed, Sep 17, 2018, $0.8M — Axeleo, X-Creation, WaterStart Capital

## Investors

- Axeleo (https://capitalatlas.ai/funds/axeleo) — Seed
- X-Creation — Seed
- WaterStart Capital — Seed