# Leetchi

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

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.leetchi.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Mar 5, 2010)
- Investors on record: 1

## About

Based in France, Leetchi SA is a digital platform specializing in online fundraising and collective money pooling, enabling users to create and manage cash pots for various occasions.Leetchi SA operates as a fundraising platform that allows users to create cash pots for events such as birthdays and weddings. Founded in 2009 in Paris, France, the company has undergone changes in its business strategy, including a recent acquisition by Advent International. Felix Laville, the founder, has a history of entrepreneurship. In April 2022, the company raised EUR 75 million in a BUYOUT round led by Advent International, marking the total amount raised at EUR 75 million.Leetchi is a digital platform specializing in online fundraising and collective money pooling, providing users with a secure and user-friendly interface to create and manage cash pots known as 'cagnottes.' The service allows individuals to quickly gather contributions for various occasions, effectively simplifying the process of shared expenses. Leetchi caters to a diverse clientele, including individuals organizing personal events, associations collecting donations for specific causes, and groups funding communal gifts. The platform primarily targets users in France and other European countries, where it has established a reliable solution for collective financial endeavors.Leetchi operates on a transaction-based revenue model, where users can create fundraisers and collect contributions for specific goals. In 2022, the company generated revenue of EUR 26,550,626.50 and reported an EBITDA of EUR 3,451,719.30. The platform's revenue comes from transaction fees applied to the funds raised, enabling it to maintain a competitive fee system.In April 2022, Advent International acquired MANGOPAY through its majority stake in its parent company Leetchi SA for EUR 75 million. The investment aims to accelerate the company’s growth by focusing on international expansion, vertical markets, and product development. Specific plans for upcoming new products or market regions have not been detailed, but the funding will support these strategic initiatives as the company seeks to enhance its offerings and extend its reach.

## Funding rounds

- Seed, Mar 5, 2010, $0.5M — 360 Capital

## Investors

- 360 Capital (https://capitalatlas.ai/funds/360-capital) — Seed