# LESS

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

- Industry: Transportation Services
- Headquarters: Paris, France
- Website: www.less.com
- Total disclosed funding: $13M
- Latest round: Series A (Oct 27, 2017)
- Investors on record: 2

## About

LESS SAS offers innovative digital solutions for optimizing resource management and minimizing wastage across industries. Their tools enhance operational efficiency for businesses, targeting both SMEs and large corporations globally.Founded in 2017 by David Scherf, Florent Boutellier, Laura Essayag, Mikhail Kozin, and Thierry Zaoui, LESS SAS is based in Paris, France. The company specializes in resource management solutions and has undergone significant growth since its inception. The firm has secured a total of EUR 11.00 mn through its funding rounds, with the latest funding being a Series A round raised on April 30, 2018, led by investors Daphni and Index Ventures. The company has completed 2 deals to date, achieving a current valuation of EUR 38.35 mn.LESS SAS specializes in providing digital solutions designed to improve resource management and minimize waste. The company's offerings include a suite of tools for efficient tracking and management of supplies, aimed at businesses seeking to optimize operations and reduce costs associated with inventory mismanagement. Their client base encompasses small to medium-sized enterprises (SMEs) and larger corporations across sectors like manufacturing, retail, and logistics, serving markets in North America, Europe, and parts of Asia.In the most recent fiscal year of 2017, LESS SAS reported a revenue of EUR 10,828.80, with an EBITDA of EUR -2,349,437.20. The company's revenue model primarily relies on subscriptions for its digital solutions, allowing clients to access tailored tools for efficient resource management. The engagement model includes direct transactions with businesses, offering different service tiers based on operational needs.LESS SAS is focusing on launching new products aimed at enhancing their resource management solutions, with specific features in development but no set release dates disclosed. The company has expressed intent to expand its geographical footprint into additional markets, targeting regions in North America and Asia by 2025. Recent funding from the Series A round will be strategically used to support these initiatives, including product development and market expansion efforts. In April 2018, the company was acquired by BlablaCar, which may further influence its growth trajectory and resource allocation.

## Funding rounds

- Series A, Oct 27, 2017, $13M — Index Ventures, Daphni

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A
- Daphni (https://capitalatlas.ai/funds/daphni) — Series A