English - Press release
Husprey raises €3 million in funding to replace dashboards with data notebooks.
In today's business landscape, companies need a strong Business Intelligence function to thrive. Husprey's platform allows data and business teams to collaborate more effectively by using "data notebooks" – single-page documents that combine context, data, and insights. This approach streamlines the process of data analysis and decision-making, helping companies make better use of their data and drive growth.
Paris, December 6th, 2022 – Husprey, the French start-up that has developed a platform to help companies from all industries more effectively leverage data, today announced that it has raised €3 million in seed funding from Galion.exe, Axeleo Capital, and a closed group of business angels. The company's platform allows data analysts to share the results of their work quickly and with the highest quality in a single document (the notebook), enabling teams to collaborate more efficiently.
ROI and time saving in Business Intelligence
Data analytics teams currently switch between dashboards and slides multiple times before sharing their findings. This process is not only slow, but it also leaves room for errors and inconsistencies.
Husprey's notebook-first platform allows analytics teams to centralize their work, connect to their data, run analyses, and share results with both clear explanations and supporting data. This enables business users and stakeholders to make informed decisions quickly and accurately.
This paradigm shift significantly reduces the number of underused and costly dashboards, while also increasing the productivity of data analysts teams. It is a strong change that will have a profound impact on the way data analysis is performed.
In 2022, Husprey initially convinced strong scale-ups in France, such as Ankorstore, Malt, and Doctrine, to use its platform. The company then expanded to other European countries, including Germany and the Netherlands, and more recently the US. Husprey has experienced a steady 5% week-over-week usage growth.
Husprey to become the reference for ad-hoc analyses
"Data is crucial in the decision-making process of every company we meet. However, there is a current state of affairs where business teams struggle to interpret the dashboards created by data analysts. With Husprey, analytics teams can now easily share clear, concise notebooks containing relevant context, data, and insights." - Thibaut Collette, CEO of Husprey.
The funds will primarily be used to support hiring efforts as the team plans to double in size by the end of next semester. Recruitment will be conducted across all teams, starting with software development, marketing, and then data and sales. The team will continue to focus on helping data analysts maximize their time and help business users make informed decisions.
"During our due diligence process, two things really stood out to me. First, the passion that early customers had for the product, and second, the high quality of the product itself. This level of quality at this stage of development is a very positive sign," says Willy Braun from Galion.exe.
The company operates in a rapidly growing market, which is projected to reach a size of $40 billion by 2026, according to IDC.
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About Husprey
Husprey was founded in 2020 by Thibaut Collette and Joffrey Villard, PhD , both former Withings employees. The startup offers a turnkey product for data analysts to make data more valuable and accessible to a wider audience in a single document, called a notebook. Their notebook technology helps data analysts quickly answer business questions in one place. Husprey is based in Paris and Lyon, and has a team of 8 people.
About Thibaut Collette
Thibaut Collette , CEO of Husprey, graduated from Télécom Paris & HEC Paris. He worked at Withings for four years as a Product Manager, where he met Joffrey Villard, who later became his business partner. After Withings was acquired by Nokia, he joined Joffrey Villard at a small BI startup in San Francisco, and 18 months later, they returned to France to launch Husprey.
About Galion.exe
Galion.exe is a venture capital company that brings together a professional investment team and a community of iconic entrepreneurs. As part of the Galion Project, a collective of leading tech entrepreneurs, the management company offers early-stage startup founders access to knowledge, support, and an unparalleled network to ensure the best possible development of their company.
About Axeleo Capital
Axeleo Capital is an early stage venture capital company (pre-seed, seed), created in January 2017, which invests in France and Europe on the following themes: Enterprise Software, Cybersecurity, B2B Fintech, Crypto & Web 3.0, Proptech & Construction tech. Axeleo Capital provides a unique framework for early stage startups, combining equity investments from pre-seed to seed, operational and strategic support through to Series B, and an active ecosystem of over 100 high-level partners and mentors involved in several success stories in France and Europe. Axeleo Capital manages €135M to date in thematic VC funds and has more than 50 investments in its portfolio including Alsid (sold to Tenable), Cloudskiff (sold to Snyk), Jenji (sold to Silae), Trustpair, 365Talents, Cumul.io , Joko, Garantme, Beantsock and Prello. For more information: www.axc.vc .