Montpellier residents of Wemap raise 1.6 million euros

by bold-lichterman

  • Wemap, a Montpellier start-up which is developing a mobile application for connected cards, has just raised 1.6 million euros to expand into France and the United States.
  • The French company claims 4 million cards viewed each month on its platform.
  • Wemap is aiming for 100 million cards viewed each month.

The amount

The Montpellier start-up Wemap, which is developing a mobile application of connected cards allowing to visualize the events around oneself, has just completed a funding round of 1.6 million euros with the press groups Prenant and Revue Fiduciaire, and the BPI.

The market

Founded in 2013 by Pierre Addoum, Emmanuel Mouren and Tony Sullivan, Wemap is a start-up that has designed connected card technology that is enriched by content published on social networks. This is integrated into a mobile application which allows its users to geolocate events around them. “We are both drowned in information and yet we know nothing of what is closest to us!», Notes Emmanuel Mouren, co-founder of Wemap, who decided to launch this application to fill this void.

To date, the start-up claims 4 million cards viewed each month on its platform and around thirty partnerships in France and the United States. Le Parisien, France 3, Courrier International, PSG and the French football and basketball federations are among Wemap’s customers.

The objectives of the Start-up

With this investment of 1.6 million euros, Wemap plans to accelerate its expansion in France and the United States. The start-up’s goal is to reach the mark of 100 million cards viewed each month.

Founders: Emmanuel Mouren and Tony Sullivan

Creation: 2013

The head office : Montpellier

Market : connected cards

Funding: 1.6 million euros in September 2016