Cleavr raises €8M to become Europe's leader in AI-powered invoice collection

Seven months ago, we launched Cleavr with a simple conviction: a company should get paid on time, without spending its days managing its accounts receivable.

Today, we are announcing an €8M funding round to become the AI coworker for finance teams across Europe.
The round is led by Varsity, alongside Kima Ventures, Better Angle, 100IN, Portfolio Ventures, Kerala Ventures, Financière Saint James, Station F, Clover and business angels from Datadog, Convelio, ...

From France to Europe in less than 7 months

In 7 months, more than 100 companies have placed their trust in us, across logistics, transport, manufacturing, construction and tech. None of them has left.

Over the same period, we launched in Spain, Germany, Belgium, Italy and the United Kingdom. Today, we process several billion euros in invoices every year. We also follow up, all over the world, with the international clients of the companies we work with.

This round will allow us to accelerate our growth in Europe by strengthening our sales teams and our product development.

A fundamental problem, concrete results

For a company, getting paid is not an administrative matter: it is what pays salaries, covers costs and funds growth. In Europe, late payments are the cause of nearly a quarter of business failures. Yet in most companies, accounts receivable remains manual, time-consuming and scattered across outdated tools. It is a repetitive task that nobody wants to do, and it weighs directly on cash.

What Cleavr does

Cleavr works like a member of the finance team. As soon as an invoice is issued, our AI identifies the right contacts, follows up by email and SMS, tracks payment promises and escalates disputes. Teams only step in when it makes sense, and can focus on what creates value.

In the first months, our customers reduce their DSO by 37% on average and collect 40% more cash. Their teams get back 80% of the time they used to spend on follow-ups every month.

Redefining the SaaS category

For twenty years, companies had to adapt to software. AI finally makes the opposite possible: ultra-personalization at scale. Cleavr adapts to every organization, every ERP, every internal process, and deploys in 24 hours. No setup fees, no annual commitment. What keeps our customers with us is cash coming in faster.

Our ambition

We don't just want to improve accounts receivable management. We want to eliminate late payments in Europe.

"Collections is a repetitive task that nobody wants to do. By handing it over to Cleavr, finance teams can finally focus on what creates value," says Baptiste Nassoy, co-founder and CEO of Cleavr.

This round will allow us to accelerate in Europe, strengthen our sales teams and keep building our product.

We're hiring

To support this growth, we are hiring 20 people in the coming months (in sales, product and tech). If you want to build the future of cash collection in Europe with us, check out our open roles.

Ready to automate your cash collection?
Try Cleavr and start getting paid faster within days.