# Moongroup

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

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.mooncard.co
- Total disclosed funding: $57M
- Latest round: Series C (Mar 8, 2023)
- Investors on record: 6

## About

Based in France, Moongroup, SAS specializes in providing a comprehensive expense management platform that automates payment processes and enhances operational efficiency for businesses of all sizes.Moongroup, SAS, founded in 2016 in Paris, France, focuses on expense management solutions. The company has completed a total of 4 deals, with its most recent financing round occurring on March 8, 2023, where it raised EUR 29.00 mn in Series C funding. This round included participation from investors such as Aglaé Ventures, BlackFin Capital Partners, Orange Ventures, Partech, and Portage Ventures, contributing to a total amount raised of EUR 29.00 mn and a current company valuation of EUR 121.98 mn. The founders of the company are Damien Metzger, Nathaël Santos, Renaud Vaillant, and Tristan Leteurtre, while the current CEO is Pierre-Yves Roizot.Mooncard specializes in providing an innovative expense management platform tailored for businesses of all sizes, from independent enterprises to large corporations. The core offering includes a customizable corporate card system that automates the entire expense management process, from payment to accounting. This platform addresses the operational inefficiencies associated with managing business expenses, such as travel, meals, and subscriptions. By offering native connectors, APIs, and custom integrations, Mooncard enables seamless compatibility with existing financial systems. Its customer base spans various sectors and geographical markets, including independent contractors, SMEs, and organizations with over 1,000 employees across Europe.Mooncard generates revenue primarily through subscription models and service fees associated with its corporate card offerings. Clients engage with the platform by subscribing to various plans that enable access to specific features, including virtual card issuance and expense reporting tools. The transaction structure typically involves businesses utilizing Mooncard's cards for employee expenses, with the company providing automated reconciliation services that streamline accounting processes. Mooncard’s flagship product, the Mooncard corporate card, is designed to eliminate the administrative burden of traditional expense reporting, thus enhancing productivity and efficiency for end-users.In March 2023, Moongroup, SAS raised EUR 2.89 million in Series C funding, co-led by new investors Orange Ventures and Portage Ventures, with returning investors also participating. The company plans to utilize this funding to enhance its technology functionalities in response to the evolving needs of finance departments in both public and private sectors, targeting growth in France and internationally. Moongroup aims to expand its service offerings and improve user experience as part of its strategy for future growth.

## Funding rounds

- Series C, Mar 8, 2023, $31M — Partech Partners, BlackFin Capital Partners, Orange Ventures, RAISE, Portage Ventures, Aglaé Ventures
- Series B, Jun 9, 2022, $21M — Partech Partners, BlackFin Capital Partners, RAISE, Aglaé Ventures
- Series A, Feb 21, 2019, $4.9M — RAISE, Aglaé Ventures

## Investors

- RAISE (https://capitalatlas.ai/funds/raise) — Series A, Series B, Series C
- Aglaé Ventures (https://capitalatlas.ai/funds/aglae-ventures-2) — Series A, Series B, Series C
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C
- BlackFin Capital Partners (https://capitalatlas.ai/funds/blackfin-capital-partners) — Series B, Series C
- Orange Ventures — Series C
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series C