It is a nugget of the automotive sector.
WYZ Group, created in 2009, is a player that allows car dealers to always have maximum availability for their tires.
A niche activity, but oh so useful.
Last year, the start-up recorded a 34% growth in its turnover, despite the Covid-19.
"We will undoubtedly exceed 90 million euros in turnover this year, after having approached 60 million in 2020",
rejoices Pierre Guirard, CEO and founder of WYZ Group.
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To accompany this dynamic, the boss decided to raise funds, which notably endorsed Bpifrance via the Future Fund Cars 2.
"We are pleased to participate with BNP Paribas Développement and the fund Generis Capital, this fundraising of 21 million euros, ”
explains Nicolas Ceria, director of
investments
at Fonds Avenir Automobile.
“We have been supported by Bpifrance since 2012. The entry into the capital of WYZ is the logical continuation of this support
”, specifies Pierre Guirard, who remains the largest shareholder of WYZ Group.
We invest in companies in traditional automotive subcontracting sectors that are profitable or have new technologies to support their growth.
Nicolas Ceria, Director of Investments at the Avenir Automobile Fund
Objective of this fundraising:
"to accelerate our international development and increase our offer through internal developments and
equity investments
"
.
This perfectly matches the strategy of the Avenir Automobile Fund.
“We invest in companies in traditional automotive subcontracting sectors that are profitable or have new technologies to support their growth,”
explains Nicolas Ceria.
The first Avenir Automobile fund was created in 2015 and has made it possible to invest 600 million euros in growing companies.
"Underwritten by Renault, Stellantis, Bpifrance and the State, the Avenir Automobile fund
has raised 525 million euros"
, specifies Nicolas Ceria. The fundraising
by WYZ Group represents the second operation of this second
version.