French startup Manty, a business intelligence platform tool for public administrations, raises €2.4 million to help manage public policies in a round of funding from investors, la Banque des Territoires, Axeleo Capital and Xavier Niel's fund, Kima Ventures.
Founded in 2017, by Mathieu Nohet, Lucas Gaillard and Joseph-Marie Valleix. Manty is developing a platform enabling local authorities to optimise administration using intelligent data tools, and aims to accelerate the implementation of its platform to reach 100 local administrations by year end.
The public sector has long staid the transformation of technology and it's application in business, making it difficult for innovators and Startups to make inroads into an area clearly lacking in efficiency and optimisation.
Dubbed the Manty Vision, Manty plans to simplify the management of public policies by cataloging and analysing the data produced, providing a broader scope of analysis, such as for monitoring budget and spending, and human resources management.
Manty has already been deployed in more than 50 local municipalities including Rambouillet, Biarritz and Clermont Auvergne Métropole.
“The public sector has been neglected by the digitalization and has suffered from a lack of innovation by the historical market players. With the era of cloud and data-driven solutions, Manty is creating a new dynamic in the sector with state-of-the-art technologies and a user-centric approach that will quickly make it a reference among the European Govtechs.” said Eric Burdier, General Partner & CEO at Axeleo.
Founded in 2013, Axeleo is a dedicated business acceleration program developed in response to a lack of resources for seed-stage enterprise startups. Supported by a team of 40 entrepreneurs with backgrounds in enterprise tech, Axeleo offers an all-in-one support that caters to entrepreneurs, startups, corporates, and investors.
Headquartered in Paris with an office in London, Kima Ventures is one of the world's most active early-stage investors, investing in 2 to 3 startups per week all over the world.
The firm invests from seed to Series A, backing ambitious founders who work hard to build awesome things that more and more people use everyday. Over the last 5 years Kima has invested in over 400 startups in 24 different countries.
Xavier Niel (born 25 August 1967) is a French billionaire businessman, active in the telecommunications and technology industry and best known as founder and majority shareholder of the French Internet service provider and Mobile operator Iliad.
In March 2010, Xavier Niel cofounded with Jeremie Berrebi Kima Ventures, a fund dedicated to invest in 50 to 100 startups a year everywhere in the world.