Press • March 2024

BoondManager raises €32M to accelerate IT services companies performance internationally

➢ Founded in Brest in 2009, the Software as a Service streamlines the daily activities of recruiters, sales teams, administrative staff, and executives through a collaborative and intuitive platform.

➢ Bootstrapped and profitable since its inception, BoondManager now boasts over 1,500 clients (IT services companies and consulting firms), 80,000 users, and maintains a growth rate exceeding 30% annually.

➢ This initial funding round will enable BoondManager to solidify its position as a leader in the IT services companies market in France, facilitate its expansion through product development, enhance user experience, and explore new markets.

BoondManager – a Software as a Service specializing in enhancing the performance of IT services companies and consulting firms – today announces its first funding round of €32 million from the British fund Expedition Growth Capital.

In a context where the digitalization of processes is at the heart of corporate strategies, BoondManager has developed an all-in-one management tool capable of integrating the entire lifecycle of IT services companies and consulting firms to save time and make recruiters, sales teams, and administrative staff more efficient.

A Key Player in the ERP Market Dedicated to IT services companies

BoondManager was founded in Brest in 2009 by three brothers – Tanguy, Anthony, and Loïc Lambert – from consulting and IT backgrounds. Together, they aimed to democratize ERP through a collaborative platform that is easy to use. The reason? IT services companies and consulting firms face a recurring problem: they struggle to centralize recruitment, employee management, and sales activities within a single solution.

Going beyond a traditional ERP, the platform combines an ATS (recruitment software), a CRM (customer relationship management), an invoicing platform, and a management tool (projects, time tracking, expense management, etc.). Furthermore, leveraging unparalleled expertise, BoondManager supports each client’s growth by assisting their highly specialized teams with the business challenges in their sector.

In 15 years, BoondManager has become the leader in France for small and medium-sized IT services companies by anticipating market trends. The company offers advanced and scalable features that enable ESNs to structure their expansion processes, retain customers, and enhance their performance.

Certified as Qualiopi in 2022, BoondManager now enjoys record traction and operates in nearly 20 countries. The Breton scale-up works with over 1500 clients and 80,000 international users, with 98% of its clients renewing their subscriptions annually.

From Regional Company to French Leader

Decentralized, bootstrapped, and profitable since its inception, BoondManager has achieved annual growth of +30% and generated a turnover of €10 million for the last fiscal year. With its team of 75 employees working remotely, the company aims to accelerate its growth with this first round of funding.

The scale-up will strengthen its capabilities by accelerating the deployment of new business features every two months while expanding its partnerships with strategic ecosystem players of its clients. The company also aims to make the use of AI accessible to its clients to enhance user experience, decision-making, and productivity within their companies.

Finally, the editor will continue its recruitment strategy by opening 25 positions this year for Data, Sales, customer support, and Marketing profiles.

“This funding round marks a new milestone for BoondManager. Since our inception, we have worked tirelessly to anticipate market needs and enable our clients to save time, reduce errors, facilitate collaboration, and automate processes. With our experience in the French-speaking market, we will benefit from the strategic support of the fund and its manager Oliver Thomas, whose advice and vision will be invaluable,” said Anthony Lambert, CEO and co-founder of BoondManager.

“BoondManager is the perfect example of a company we believe in: a profitable Software as a Service with record traction driven by a controlled ambition. By investing in them, we aim to accelerate their growth and strengthen their position. We are delighted to partner with Anthony, Tanguy, and Loïc at this stage of their growth,” said Oliver Thomas, founder and Managing Partner at Expedition Growth Capital.

About BoondManager

BoondManager is an ERP solution that streamlines the daily operations of IT services companies and consulting firms, accelerates their performance, and unites all their employees.

About Expedition Growth Capital

Expedition Growth Capital is a London-based growth equity firm specializing in investments in high-growth software editing companies. Expedition typically partners with profitable B2B software companies based in Europe or Israel and usually makes investments between €10 and €40 million, offering a combination of primary capital to fuel growth and secondary capital providing liquidity to founders and early shareholders.

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