About Indy
Indy is a company based in Lyon (France) founded in 2010 by Adrien Plat and Romain Koenig.. Indy has raised $98.93 million across 4 funding rounds from investors including BlackFin, La Maison Partners and IXO. Indy offers products and services including Accounting Platform, Invoicing Service, and Account Pro Service. Indy operates in a competitive market with competitors including Wave, FreshBooks, Collective, Accountable and Quipu, among others.
- Headquarter Lyon, France
- Founders Adrien Plat, Romain Koenig
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Indy Sas
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$98.93 M (USD)
in 4 rounds
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Latest Funding Round
$44 M (USD), Series C
Nov 21, 2023
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Investors
BlackFin
& 6 more
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Employee Count
Employee Count
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Products & Services of Indy
Indy offers a comprehensive portfolio of products and services, including Accounting Platform, Invoicing Service, and Account Pro Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates transaction tracking and tax declarations for users.
Generates and manages invoices for business payments.
Handles payments and banking for entrepreneurs.
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Funding Insights of Indy
Indy has successfully raised a total of $98.93M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $44 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $44.0M
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First Round
First Round
(06 Mar 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series C - Indy | Valuation | BlackFin | |
| Jan, 2021 | Amount | Series B - Indy | Valuation | Singular | |
| Apr, 2019 | Amount | Series A - Indy | Valuation | Alven |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Indy
Indy has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include BlackFin, La Maison Partners and IXO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Growth-stage tech companies are invested in by La Maison Partners.
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Founded Year | Domain | Location | |
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Private equity investments in France are managed by IXO.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Indy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Indy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Indy Comparisons
Competitors of Indy
Indy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wave, FreshBooks, Collective, Accountable and Quipu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based back-office platform for self-employed and businesses is offered.
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| domain | founded_year | HQ Location |
App-based accounting solutions are offered to freelancers for management needs.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for business management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Indy
Frequently Asked Questions about Indy
When was Indy founded?
Indy was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is Indy located?
Indy is headquartered in Lyon, France. It is registered at Lyon, Auvergne-rhone-alpes, France.
Is Indy a funded company?
Indy is a funded company, having raised a total of $98.93M across 4 funding rounds to date. The company's 1st funding round was a Series A of $11.3M, raised on Mar 06, 2018.
What does Indy do?
Indy was founded in 2010 in Lyon, France, as a provider of cloud-based accounting software targeted at freelancers. Operations focus on the fintech sector, where automated bookkeeping, VAT declarations, balance sheet analysis, income and expense monitoring, bank reconciliation, and document scanning are facilitated. Services are delivered via a monthly subscription model, supporting users in managing financial tasks remotely.
Who are the top competitors of Indy?
Indy's top competitors include FreshBooks, Wave and MBO Partners.
What products or services does Indy offer?
Indy offers Accounting Platform, Invoicing Service, and Account Pro Service.
Who are Indy's investors?
Indy has 7 investors. Key investors include BlackFin, La Maison Partners, IXO, Singular, and Alven.
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