Toucan Toco raises €12 million from Balderton Capital

Toucan Toco, a French data storytelling solution, created five years ago by Kilian Bazin, Charles Miglietti, Baptiste Jourdan and David Nowinsky, has completed its first-ever fundraise of 12 million euros. The new funding will enable Toucan Toco to enter a new phase of growth and conquer new markets.

Toucan Toco offers a unique data storytelling solution which helps organisations provide actionable insights to non-technical business users, including CxOs, HR directors, financial managers and operational staff, such as those at Renault-Nissan, which uses the technology across its 5000 car dealerships.

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Toucan Toco’s platform provides simple-to-use and easily accessible mobile apps with a strong UX design, which helps large companies reach high end-user adoption rates of up to 90%. With a drag-and-drop interface and pre-formatted data visualization templates, which can be easily connected to multiple data sources, Toucan Toco can be implemented rapidly, and as it does not require learning a new language, the solution can be used by everyone, not just specialists.

Accelerating Toucan Toco’s growth in Europe and the United States

The Toucan Toco’s technology is being used by over 120 customers, including more than 50% of CAC 40 enterprises in France and household names such as l’Oréal, BNP Paribas and Sodexo. President Emmanuel Macron and his ministers also chose the solution to track the progress of his reforms.

Already present in four European countries and the United States, Toucan Toco now plans to accelerate the distribution of its technology, particularly on the other side of the Atlantic. Over the next year, the company will aim to double its team in the United States.

CEO Charles Miglietti will also relocate to Boston, while at the same time, a new country manager will be appointed in the Netherlands to create a structure similar to the Paris office.

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