en.Wedoany.com Reported - Paris-based Skello has secured €200 million in funding, led by Bridgepoint, with existing investors Partech and XAnge participating again. Unusually, due to the company's strong performance, its founders and management ended up owning a larger stake in the company after the funding round rather than being diluted, with Bridgepoint becoming the largest external shareholder.
Skello achieved this condition because it is already profitable. The company turned profitable in 2025, with annual recurring revenue exceeding €50 million. It develops AI-driven scheduling and HR software for frontline teams, a group that accounts for approximately 55% of the European workforce and has long been overlooked by digital tools.
Quitterie Mathelin-Moreaux and Emmanuelle Fauchier-Magnan, both former employees of Partech, founded Skello in 2016. The company now serves around 30,000 businesses with 700,000 daily active users, ranging from small restaurants to large enterprises such as Starbucks and Intermarché. The team consists of 400 people, with offices in Paris, Lille, and Barcelona.
Skello has specified that the funds will be used for AI investment, hiring, and acquisitions. This means the company plans to consolidate smaller competitors in what Bridgepoint describes as a "severely underserved and fragmented" market. In 2026, Skello intends to add approximately 100 new employees in technology, data, and sales.
The core product underpinning its expansion is Skello Assistant, an AI agent launched in 2025 that can flag overtime, fix payroll mismatches, and create compliant shift schedules. The founders emphasize that the tool is designed to empower managers rather than replace them, reportedly saving each manager about 35 hours per month.
Competition in the frontline workforce management software market is intense. Spain's Factorial raised $150 million at a $2.5 billion valuation in June, and Sweden's Quinyx has accumulated over $100 million in funding. However, Skello stands out by combining profitability with a war chest built for acquisitions rather than survival. This positions the female-led French company as a potential strong contender in the European market within this fragmented software category. The challenge lies in translating its domestic market leadership into genuine cross-border expansion.
