Loading organizations...
§ Private Profile · France
Obat is a technology company.
Obat delivers a cloud-based SaaS platform, specializing in invoicing and payment software for the construction industry. Its core offering streamlines financial and administrative processes for building tradespeople and SMEs. The platform provides capabilities for creating quotes, custom invoices, and project tracking, tailored to the sector’s unique demands.
Franck Asseray founded Obat in 2019, recognizing administrative challenges faced by independent contractors and construction SMEs with quoting and invoicing. Asseray’s vision was to create a simplified, robust digital solution to alleviate these burdens, allowing professionals to focus on their core craft.
Obat serves self-employed professionals, artisans, and small construction firms seeking modernized administrative workflows. The company envisions empowering these businesses through intuitive tools that enhance productivity and financial management. Obat aims to be the essential digital partner for construction professionals, fostering operational excellence.
Obat has raised $13.0M across 1 funding round.
Obat has raised $13.0M in total across 1 funding round.
Obat has raised $13.0M in total across 1 funding round.
Obat's investors include Kima Ventures, Erwan Bernard, Thibaut Escarras, Thomas Fuster, 50 Partners, Arthur Waller, Christophe Courtin, Evolem, Holnest, Bernard-Louis Roques.
Obat has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Series A in November 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2023 | $13M Series A | Kima Ventures, Erwan Bernard, Thibaut Escarras, Thomas Fuster | 50 Partners, Arthur Waller, Christophe Courtin, Evolem, Holnest, Bernard Louis Roques | Announced |
Obat is a Nantes, France-based fintech SaaS company founded in 2019 that provides online estimating, quoting, and invoicing software tailored for building and civil engineering professionals, particularly VSEs and SMEs in the construction industry.[1][2][5] Its platform streamlines daily operations by enabling users to create personalized quotes and invoices, manage worksites, track margins, handle multiple VAT rates, legal attestations, and financial health—all in one tool, serving 15,000 active customers across France, Belgium, and Switzerland.[1][2][5] Obat has raised approximately $19.08M in total funding, including a €12M Series A in November 2023 led by Crédit Mutuel Innovation, NewAlpha Asset Management, NCI, and Kima Ventures, with participation from Truffle Capital, Evolem, and Holnest; the company reports around 240 employees and $15M in revenue, showing strong growth momentum in a niche market.[1][2][3]
Obat was founded in 2019 by Franck Asseray and Florent Liagre in Nantes, France, addressing inefficiencies in construction business management.[1][2] The duo developed a SaaS solution to simplify quoting, invoicing, and site management for tradespeople, entrepreneurs, and business leaders overwhelmed by complex legacy tools.[1][5] Early traction came from its focus on ease-of-use and compliance features, leading to rapid adoption; by late 2023, it had secured seed and Series A funding from prominent European investors like Truffle Capital and Kima Ventures, fueling expansion to 15,000 customers and operational scaling.[1][2]
Obat stands out in the construction software space through specialized, user-friendly features optimized for small construction firms:
These elements create a developer-like experience for non-tech-savvy craftsmen, fostering high satisfaction and retention.[6]
Obat rides the wave of construction tech (ConTech) digitization, where SaaS platforms automate administrative burdens for fragmented SMEs amid labor shortages, rising material costs, and regulatory demands in Europe's €2T+ building sector.[1][2] Timing is ideal post-2023 funding boom, as remote work and compliance needs (e.g., VAT, attestations) accelerate adoption; market forces like supply chain disruptions favor tools that optimize margins and cash flow.[1][5] Competitors like AOS (tender management) and Conkau (procurement) focus on subsets, but Obat's end-to-end focus influences the ecosystem by empowering 15,000+ users to compete efficiently, potentially setting standards for localized ConTech in France and neighboring markets.[2]
Obat is poised for accelerated European expansion, leveraging its Series A capital to enhance features like AI-driven pricing revisions (e.g., BT index) and integrations for larger projects, while growing its 240-person team.[1][3][6] Trends like AI automation in ConTech, cross-border scalability, and sustainability tracking will shape its path, potentially doubling customers as it enters new regions. Its influence may evolve from niche disruptor to category leader, especially if it sustains momentum against broader ERP incumbents—watch for Series B to fuel this trajectory, building on its founder-driven, customer-centric foundation.