Holded Secures €15 Million in Series B Funding

Holded, a company positioning itself as an Enterprise Resource Planning (ERP) solution for small to medium-sized enterprises (SMEs), has successfully closed a €15 million Series B funding round.

The investment was spearheaded by venture capital firm Elaia, with participation from Lakestar, Nauta Capital, and SeedRocket.

Comprehensive Business Management in a Single Platform

Holded provides SMEs with unified access to ERP functionalities. These include invoicing, accounting, sales, project management, inventory control, and Human Resources, all consolidated within a single dashboard.

To date, the platform has garnered a customer base of 80,000 businesses.

The newly acquired funds will be allocated towards expanding both the company’s technological capabilities and its business development teams.

Expanding Reach and Partnerships

Holded’s software is also utilized by accounting firms to facilitate the digitization of their operations and enable them to function as value-added resellers.

As a result of this funding, Holded will establish a new office location in Paris.

Addressing a Gap in the Market

According to co-founder Javi Fondevila, the core concept of centralizing all business operations into a single platform was recognized as highly beneficial.

He further stated that the primary reason this hadn't been achieved previously was the significant challenge of creating an intuitive, self-service ERP system specifically tailored for small businesses.

Elaia’s Perspective on Holded’s Innovation

Pauline Roux, a partner at Elaia, emphasized the substantial opportunity to develop solutions for small businesses.

She noted that traditional ERP solutions are often complex and modular, while SMEs require an integrated and user-friendly system due to their lack of specialized departments.

Roux highlighted that Holded distinguishes itself by being the first ERP she has encountered that operates without modules, lengthy implementation processes, or the need for external consultants, fundamentally transforming the user experience.

A Competitive ERP Landscape

The ERP startup sector is experiencing increased activity. In January, Xentral, a German company specializing in enterprise resource planning software for online small businesses, secured a $20 million Series A funding round.

This demonstrates a growing investor interest in innovative ERP solutions designed to meet the evolving needs of SMEs.