Observed Signal · Oct 6, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 3/5 · Sentiment: Positive
Cleavr Raises €8M for AI-Powered Invoice Collection
French fintech Cleavr, which develops an AI-native platform for accounts receivable automation, has raised €8 million in a seed round led by Varsity, with participation from Kima Ventures, Better Angle, Portfolio Ventures, Kerala, and Financière Saint James. The company, founded by Baptiste Nassoy, Arthur Guerin, and Antoine Grenard, automates the process of tracking and collecting outstanding invoices, handling follow-ups via email, phone, or SMS, and escalating disputes when needed. According to Cleavr, its platform reduces Days Sales Outstanding (DSO) by an average of 37% within weeks, collects 40% more cash, and cuts time spent chasing payments by 80%. The funding, which follows a €1 million pre-seed six months prior, will support product development, sales team expansion, and European growth. Cleavr already processes billions of euros in invoices annually and serves customers across multiple industries.
This funding round highlights the growing application of AI in financial operations (fintech), which is of interest to the AdTech industry as AI-driven automation increasingly intersects with marketing and business processes.
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Key Takeaways & Evidence Grounding
- Cleavr raised €8 million in a seed round.
- The round was led by Varsity, with participation from Kima Ventures, Better Angle, Portfolio Ventures, Kerala, and Financière Saint James.
- Cleavr's platform reduces DSO by an average of 37% and collects 40% more cash.
- The company was founded by Baptiste Nassoy, Arthur Guerin, and Antoine Grenard.
- The funding will support product development, sales team expansion, and growth across Europe.
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1 Entity mapped“with participation from existing investors Kima Ventures...”
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