# Indy.fr

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indy-fr

- Industry: Software
- Headquarters: Lyon, France
- Website: www.indy.fr
- Total disclosed funding: $76M
- Latest round: Series C (Nov 20, 2023)
- Investors on record: 7

## About

Based in France, Indy.fr SAS operates as an online accounting platform tailored for independent professionals and small businesses, providing automated financial solutions and compliance management.Indy.fr SAS, founded in 2016 in Lyon, France, specializes in online accounting solutions for freelancers and small enterprises. The company has completed 4 deals, with its most recent funding round occurring on November 20, 2023. During this Series C round, Indy raised EUR 40.00 mn, led by BlackFin Capital Partners, with participation from IXO Private Equity and La Maison Compagnie d'Investissement. The total amount raised by the company stands at EUR 40.00 mn. The CEO is Come Fouques, and the founder is Pablo Larvor, who has an extensive background in entrepreneurial ventures.Indy is an online accounting platform designed specifically for independent professionals and small businesses. The core offerings of Indy include automated accounting, invoicing, and compliance management services, which streamline the financial operations of its users. The platform enables users to track transactions, categorize expenses, and automate tax calculations, including VAT detection, thereby reducing manual effort and errors associated with traditional accounting practices. Additionally, Indy provides tools for creating personalized invoices and quotes, as well as tracking payments in real time, addressing the needs of over 150,000 independent users. The platform operates primarily in the French market, catering to freelancers, auto-entrepreneurs, and small business owners across various sectors, including professional services and commerce.Indy generated revenue of EUR 43,688.30 in its most recent financial year, which was 2017. The company reported an EBITDA of EUR 2,904.90 for the same year. Revenue is derived primarily through subscription-based pricing models, offering a free-tier service alongside paid plans that unlock additional features and services. Clients typically subscribe to access the full suite of accounting tools, enabling them to manage their financial statements, generate mandatory tax declarations, and receive expert support. The pricing structure is designed to provide value for both individual freelancers and small business entities, allowing them to manage their accounting needs efficiently and cost-effectively without the overhead of traditional accounting services.In November 2023, Indy.fr SAS raised EUR 40.00 mn in Series C funding led by BlackFin Capital Partners, which will support the expansion of its services. The company plans to introduce new features and tools in the upcoming year, enhancing its platform for independent professionals and small businesses. Additionally, Indy is exploring opportunities to expand into new geographic markets beyond France, although specific regions and timelines have yet to be disclosed.

## Funding rounds

- Series C, Nov 20, 2023, $44M — IXO Private Equity, BlackFin Capital Partners, La Maison Partners
- Series B, Feb 3, 2021, $24M — Alven, Kerala Ventures, Singular
- Series A, May 16, 2019, $6.7M — Alven, Fast Forward LLC, Kerala Ventures
- Seed, Feb 1, 2018, $1.3M — Fast Forward LLC, Kerala Ventures

## Investors

- Fast Forward LLC — Seed, Series A
- Kerala Ventures (https://capitalatlas.ai/funds/kerala-ventures) — Seed, Series A, Series B
- Alven (https://capitalatlas.ai/funds/alven) — Series A, Series B
- Singular (https://capitalatlas.ai/funds/singular) — Series B
- IXO Private Equity (https://capitalatlas.ai/funds/ixo-private-equity) — Series C
- BlackFin Capital Partners (https://capitalatlas.ai/funds/blackfin-capital-partners) — Series C
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series C