Changing the pace of fundraising. Devialet, a French manufacturer of high-end speakers, is one of the first French startups to demonstrate this. The company just announced asmall elevatorin the amount of 50 million euros. “This is in line with our needs to grow with our current shareholders, Crédit Mutuel Equity and Bpifrance.explains Franck Lebouchard, CEO of Devialet. The idea is to take it easy for the next 24 to 36 months“. With the new money, the group can implement its development strategy.
The assessment hasclearwas the subject of discussion, while the overall market trend is towards multiples that are much less favorable to entrepreneurs. “It’s a real change, the negotiations were more difficult“, says Franck Lebouchard, who nevertheless managed to maintain his group’s (undisclosed) score in the previous round, above the level achieved in 2020.
This stability…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.