New shareholders for inWebo Technologies: Essling Capital, Entrepreneur Invest and Bpifrance

Paris, May 27, 2021 - Essling Expansion, Essling Capital's Growth fund, led the reorganization of inWebo Technologies' capital, alongside Entrepreneur Invest, Bpifrance and its CEO, Olivier Perroquin. Following a process organized by Cambon Partners' teams, Essling Expansion became the company's majority shareholder.

Founded in 2008, inWebo is the French leader of strong authentication with a SaaS Multifactor Authentication solution (2FA/MFA) based on a unique and patented technology (random dynamic keys). A major asset for differentiating the company in its market. Thanks to the simplicity, flexibility and agility of its solution, as well as its certifications and compatibilities (ANSSI, PSEE, GDPR, PSD2, PCIDSS), inWebo enables more than 300 companies, across all industries, including 50% of the CAC40 (French biggest companies), to protect and streamline access to their internal digital environments and sensitive consumer applications such as online banking.

As of 2019, and following the development of its management team, inWebo has experienced a continuous and rapid growth with a significant increase of 45% in 2020, thus exceeding €5 million in annual recurring revenue (ARR). The company has already begun its expansion in Europe and in the United States, where first deals have been signed.

Alongside Essling Capital, Entrepreneur Invest, with its strong expertise in the field of SaaS, joins the capital with an investment that will be key to the acceleration of inWebo's development. Bpifrance has also become a shareholder, thereby underlining the relevance of a recognized French solution on a market where the leading global players are already active. This reorganization of the company's capital aims to enable inWebo to pursue its ambitious strategy of organic and external growth. This will allow the company to accelerate its development and exceed 15 million euros in annual recurring revenue (ARR) within 4 years, namely by:

• focusing on the differentiation of its product;
• increasing its sales and customer success forces;
• getting a foothold in new markets (UK, US, Italy, Germany);
• developing new distribution channels (OEM type).

"With a track record of investing in some 30 SaaS companies, we were impressed by inWebo's business maturity and the technical sophistication of its solution, both verified by a prestigious and loyal customer portfolio. The company's management team, combined with new resources for its ambitions, will drive a significant growth in the coming years," said  Marouane Bahri, Director and Julien Durand, Investment Officer at Entrepreneur Invest.

"Supporting a company with such a track record and with a 100% French solution despite international competition seemed like a natural choice to us. In fact, cybersecurity issues have become crucial and the French Tech has major assets to bring to the table, especially in data security solutions" conclued Ménelé Chesnot, Senior Investment Director and Adonis Arnaud, Investment Officer at Bpifrance, add.