Already adopted by over 100,000 users, Evercontact is the only fully automated cloud service that accurately and effortlessly finds and updates contact information, a "Big Data" approach. Thus far, the company has analyzed over one billion emails and created and updated more than 300 million user contacts.
The value is clear for a professional's individual use or even more importantly as a collaborative tool to share contact info in a team's address book or leads and accounts within a CRM platform (Salesforce, Dynamics, Highrise or Zoho).
Evercontact came to our attention with its entrance into the Smart Data for Customer Intelligence incubator program launched by AXA Global Direct and Paris & Co last December. Contact management is obviously a major issue for insurance companies, especially when optimizing their sales relationships. Additionally, investing in technology related to Big Data is one of our priorities and Evercontact, as an innovator in this market, has a potential for international expansion that influenced our decision to provide support for its growth. Evercontact is the first startup to benefit from the AXA Factory accelerator program.
International expansion and presence in San Francisco
This round will allow Evercontact to finance its technical and commercial development with the goal of boosting its international presence, particularly in the United States, a crucial market which already accounts for 80% of the company's revenues. The startup aims to substantially increase sales in the coming months, and to maximize American business by opening an office in San Francisco in 3Q 2015. Currently located in Paris, Evercontact has ten employees and will double that by the end of the year.
Our first capital injection in 2012 allowed us to validate and structure our offer. This second round of financing comes at a time when Evercontact is more established. The funds will enable us to shift into high gear, and particularly to expand our reach in the worldwide marketplace. Our service is already successful with US-based companies but our continued growth there requires a local presence, made possible by this support from AXA Strategic Ventures.