Paris, Tuesday, June 11, 2024
Mercateam, a leader in the digital transformation of industrial teams, today announced the closing of its €5 million fund-raising. This strategic operation is designed to boost the company's development and position it as a key international reference. The fund-raising is led by TERNEL, an early stage fund that supports ambitious projects with a positive contribution to the environment and society.
The renewed confidence of ISAI, one of France's top five investment funds, is testimony to the company's potential and solidity. Already involved in the seed phase, ISAI reiterates its support by participating in this new round of financing.
Become the European leader in industrial digitalization
Mercateam's mission is clear: to position itself as the European leader in skills and production team management. Faced with the successive crises of Covid and the war in Ukraine, French and, by extension, European manufacturers are under pressure. Manufacturers must navigate between the imperative of efficiency to remain competitive, adapting to increasingly diversified customer demands, and attracting talent in a sector that is losing its appeal. Added to this are the challenges of passing on skills and training new recruits, in an increasingly complex industrial environment.
While the last few decades have been devoted to the evolution of machines in industry, Mercateam's 360 solution for the field aims to bring employees into Industry 4.0, and give manufacturers the digital tools to manage their teams effectively and meet these new challenges.
Mercateam: exponential growth and international influence
Since its creation, Mercateam has demonstrated strong traction. In the space of a year, the company has doubled its numbers, with a team of 50 talents at the intersection of technology and industry. Its presence now extends to 12 countries, with over 200 industry leaders using its solution. These include giants such as Sanofi, Saint-Gobain, LVMH, SEB, Andros, Bonduelle, Richemont and Shiseido were convinced by Mercateam's innovative tool.
In less than three years, Mercateam has established itself as a benchmark solution for dynamic skills management on production sites. Its strength lies in its ability to ensure a perfect match between operators' skills and workstation requirements. Dynamic skills mapping helps to identify and anticipate production risks, optimizing versatility and ensuring intelligent allocation of operators.
Integration with ERP and HRIS references such as Workday and SAP simplifies deployment for customers, offering significant productivity gains.
The Mercateam tool saves managers one day a week, increases operator satisfaction by 20 %, increases versatility by 25 %, and reduces the time spent preparing internal audits and reports by a factor of three. This is made possible in particular by the "automatic planning" feature. Thanks to the integration of a sophisticated algorithm and machine learning technologies, the solution is able to take into account all constraints linked to the management of employees and production schedules, such as absences, training, skills and authorizations, restrictions, task arduousness and workstation ergonomics. This innovation enables us to assign the best person to the best place, thus optimizing efficiency and employee satisfaction. This intelligent system ensures a fair and relevant distribution of tasks, guaranteeing a harmonious and productive working environment.
Mercateam turns to product innovation and European expansion
"With this new round of funding, Mercateam will strengthen its offering and transform the employee experience in Industry 4.0. The company is pursuing its mission to position the employee at the center of the human organization by offering them more control over their career: choice of shifts, training and positions. The integration of artificial intelligence will be intensified and will enable us to integrate, improve and synthesize job instructions and automatically generate skills assessment paths." says Adrien Laurentin, CEO and co-founder of Mercateam.
Mercateam's aim is to improve the quality of training courses, better execute day-to-day production processes, and get employees up to speed more quickly. And to reduce by 80% the time usually allocated to creating standards and job cards, thanks to artificial intelligence. Enriched by this structured data, AI will be the intelligent assistant that accompanies teams in their day-to-day work, providing the best possible answers to employees' questions about their company's know-how.
Finally, Mercateam is planning ambitious international expansion. Currently present in 12 countries and generating 25 % of its sales internationallythe company is preparing to open new offices in Germany and Spain. This expansion will enable Mercateam to strengthen its influence and offer its innovative solutions to a wider range of industries across the European continent.
"Thanks to this financing, we will accelerate our product development and expansion in Europe. Mercateam is at the forefront of helping manufacturers navigate an increasingly complex environment, by offering digital solutions that optimize team and skills management, and by integrating advanced technologies such as artificial intelligence. This fund-raising is a validation of our vision and impact on the industrial sector.. We are delighted with ISAI's renewed confidence and TERNEL's commitment to us", conclude Adrien Laurentin and Kévin Rouvière, co-founders of Mercateam.
About Mercateam
Mercateam is a 360° SaaS solution designed to meet the challenges faced by manufacturers in the field in relation to their employees. Thanks to Mercateam, industries can enhance, organize and pass on operators' skills to meet the challenges of Industry 4.0. They gain in agility and efficiency thanks to technology: automatic assignment schedules, traceability of training, detailed analyses for better business management. Mercateam's major customers include LVMH, Sanofi, Bonduelle, Saint-Gobain and Andros.
About Ternel
Ternel is an investment fund that reconciles positive contribution and performance, and supports startups that regenerate the planet, people and communities. Targeting a new wave of entrepreneurs and investors, Ternel invests in Europe at the seed stage, with tickets ranging from €500k to €5m. In addition to investment, Ternel supports its participations in their regenerative journey, backed by an advisory board of experts and its unique support framework.
About ISAI
Nearly 300 successful entrepreneurs, who have invested in ISAI funds, and more than 50 co-founders of start-ups supported by ISAI share a collective ambition to co-write great entrepreneurial stories. ISAI invests in differentiated projects led by ambitious teams that it selects with rigor and actively supports. ISAI Gestion, an AMF-accredited portfolio management company with over €500 million under management, aims to finance and support high-potential tech companies at the seed/post-amorçage stage (venture capital, €150k to €3 million with participation in successive rounds) or when they have already reached the break-even point (Tech Growth/LBO, €5 to €50 million).
