NYC, May 28 – Supervizor, the leading plug and play quality assurance platform for finance teams, is pleased to announce the successful completion of its USD 22 million fundraising round. With this significant milestone, Supervizor is poised to scale its expansion, safeguarding leading international companies against various risks and helping them build error-proof financial statements with the highest quality standards.For the past eight years, Supervizor has been offering a cutting-edge platform that enables organizations to continuously monitor transactions, detect multiple types of anomalies, and prevent fraudulent activities, acting as a true quality assurance co-pilot for corporate finance leaders. Thanks to its deep functional expertise and its library of millions of accounting practices, the Supervizor platform combines all entries from ERPs and data from other sources into a universal accounting model that is the foundation for its sophisticated AI-based algorithms.
This fundraising round was led by Orange Ventures, along with Wille Finance, La Maison Partners, NewAlpha Asset Management, Adelie Capital and ISAI, underscoring the confidence and support of investors in Supervizor’s vision and ability to deliver.
“We are committed to empowering businesses with the most innovative solution to preserve their financial integrity; the market is massive yet surprisingly underserved” said Alban Clot, Founder and co-CEO of Supervizor. “In recent years we have been growing fast and in a capital efficient way and are now well-positioned for the next phase of our journey.“
Supervizor’s platform is already trusted by over 70 enterprises in various sectors across the world, such as Michelin, Lacoste, Club Med, Diebold Nixdorf, Hutchinson, Cirrus Logic, or Ikea. The Supervizor platform integrates with all major ERPs, is available on the SAP Store and distributed by Sage. It has also been selected in the AICPA’s 2024 Startup Accelerator Cohort, amongst seven other AI start-ups, out of hundreds of candidates.
Arnaud Merlet, co-CEO of Supervizor expressed enthusiasm about the company’s growth prospects:
“We are eager to expand our global customer base with leading blue-chip companies and to forge new partnerships across the market. Our mission is to create a world where financial information is universally trusted.”
“We are pleased to partner with Supervizor as they carry on their journey to revolutionize financial data quality” said Clement Combal at Orange Ventures”. “Supervizor’s innovative solutions and proven track record position them as leaders in their field, and we are confident in their ability to drive meaningful impact for modern finance teams.”
New Alpha AM, an independent pioneer in investing in financial industry players, has been offering professional investors the opportunity to benefit from the growth and strategic innovation of the European Fintech sector through its Venture Capital funds since 2015. In November 2015, it launched the first French Venture Capital fund entirely dedicated to Fintech startups. The investment strategy focuses on early-stage European fintechs in their inflection and acceleration phases (Seed and Serie A). The management team has been working exclusively in this sector for over 8 years, with an ambitious ESG approach. It has already taken 23 minority stakes in fintech startups with innovative technologies and business models.
https://www.newalpha.com/venture-capital/
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