Frédéric can be proud today of his career, but things have not always been that easy. He spent many years in a French company that did not see the potential of the project.
Then, after many months of unemployment, he finally decided to create Matooma. "When I started my business, we ran into a lot of financing difficulties. We made a PowerPoint presentation that we showed to my personal banker who told me after two months that he was not interested in joining us".
Bertrand Religieux, board member of the fund manager IRDI Soridec, remembers very well the first time he met the company. “We met the Matooma founders in 2013 in the early stages of the company. We were quickly convinced that the product market fit was very good, as the CEO knew all about the Internet of Things (IoT). We decided to lead the first financing round and then invested EUR 650 000 of our funds (Soridec and SAS JEREMIE LR) on a EUR 1 million equity round”.
At the time, the company had around 10 employees. Today, the company employs about 50 people and has increased its turnover by a factor of ten. “We were proud to fuel this outstanding project and team and help them in their winning strategy to establish Matooma as a European leader in their market,” adds Religieux.