AXA Strategic Ventures announces its first investment of USD 1M in Evercontact, the cloud service that extracts contact information in emails and shares and updates them automatically

• AXA Strategic Ventures will make its first investment of USD 1 million in Evercontact, the cloud service that extracts contact information in emails, allows them to be shared with collaborators and keeps CRMs and address books automatically up to date.
• This new funding will enable the startup to expand its product line, further develop its expertise and accelerate its international growth, specifically with the launch of a US-based subsidiary.

Already adopted by over 100,000 users, Evercontact is the only fully automated cloud service that accurately and effortlessly finds and updates contact information otherwise left unused in email (Gmail, Google for Work, Outlook, Office 365) by identifying, extracting and then comparing the information in email signatures to a person or company's contact database. 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). Thus far, the company has analyzed over 1 billion emails and created and updated more than 300 million user contacts. To provide its service, Evercontact, an innovative French Tech startup & AXA-supported initiative, specializes in linguistic technology using a Big Data approach.

AXA Strategic Ventures & Evercontact: breakthrough acceleration in the US market

This investment by AXA Strategic Ventures demonstrates its commitment to harnessing technological disruption for the benefit of AXA Group companies. Complementing internal efforts to improve customer experience by co-opting new approaches, technologies and business models developed by young innovative companies can only lead to stronger results. Accordingly, Evercontact will be the first company to benefit from the AXA Factory accelerator, a mentoring program that helps drive the growth of insurance and financial technology startups in France.

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 Q3 2015, preparing the groundwork through the UBI i/o immersion program in Q2. A Business France and BPI France initiative, UBI i/o provides eight French startups the opportunity to launch or intensify their activity in the United States with a ten-week residency in San Francisco. Currently located in Paris, Evercontact has ten employees and will double that by the end of the year.