In April 2018, CapDecisif Management, with the Paris Region Venture Fund, and FaDièse sold their stake in Comitéo (Alter CE) to Natixis.
CapDecisif Management recorded a 7.5-fold return on investment for the Paris Region Venture Fund!
Founded in 2008, Alter CE, Boulogne-Billancourt based (near Paris) markets Comitéo, a cross-functional events and management SaaS for Works Councils.
Our meeting with Cédric Leblanc and Nicolas Mignot in Q1 2012 marked a turning point. They partnered with CapDecisif Management in June 2012 (along with entrepreneur fund FaDièse) in order to make Comitéo the leading innovational platform in a market already heavily.
Supported by a senior board, the entrepreneurial journey taken by Cédric and Nicolas is exemplary in many ways. The two founders launched, then developed a scalable solution meeting the business needs of their customers. They built a team of key skills to ensure an efficient organisation from the beginning through to commercial roll-out.
During of common work we discussed strategic positioning, platform extensions, innovative functionalities and the common SaaS topics, but business development was always the central topic of the board meetings. And sales frequently struck records!
In December 2014, the company was awarded the leader French company in the Software and IT Services sector by the Deloitte Technology Fast50 programme. And growth followed ever since!
Having supported the development of Alter CE from a seed investee start-up to a fast growing profitable SME of 110 people beginning of 2018, we have been looking for the best partner to take over and carry on its development.
Natixis Group has now welcome Cedric and Nicolas for a new era of growth of Alter CE!