Phytocontrol Invest'Innov, the strategic investment subsidiary of the Phytocontrol Group, is part of the capital of the Nimes startup, which publishes an online platform dedicated to research and development and its financing.
Continuing Phytocontrol's innovation support logic, its investment subsidiary Invest'Innov helps raise funds from one of the laboratory's suppliers, LabOxy.
This start-up based in Nîmes, born in 2014, offers an online solution that allows companies to optimize and manage their research and development (R-D) service by combining all the useful information: time spent, staff involved, costs and research and development expenses... LabOxy also collects and secures all the supporting documents needed to finance innovation, including the Research Tax Credit (CIR) and the Innovation Tax Credit (CII). To date, LabOxy has secured 5 million hours of research and development.
"LabOxy is delighted to include investors who are also clients in its capital; it's the best brand of trust they can give us," said Benjamin Néel, CEO of LabOxy. This fundraiser, which also involves private investors, is the second for LabOxy, which hopes to accelerate its development, both nationally and internationally, while continuing to develop new features for the platform.
Second investment for Invest'Innov
For its part, Invest'Innov is adding a second company to its portfolio after joining Microbia in December 2017, alongside other financing players.
"In line with our research and development strategy, we use LabOxy's services every day and are very pleased to be able to support our partner's development; we also respond to our desire to finance innovation and what's more, gardoise," says Mikael Bresson, President of Phytocontrol Group.