Embat closes 30 million round with Cathay

Ecotechers had already reported the negotiated round, which is one of the most relevant in SaaS at a time marked by AI

The big number: Embat, the SaaS for treasury management for companies, has closed the financing round that had been under negotiation for months. In total, it has been 30 million euros.

• At Ecotechers, we anticipated that the company was negotiating a multi-million euro operation and that Cathay was likely to be the leader. This has finally been the case: the Franco-Chinese fund has led the transaction. Here is all the information: ecotechers.com/p/exclus…

• The funds already in the capital also join: Creandum, 4Founders, Samaipata and Venture Friends.

The context: This funding round comes at a key moment for the market due to the impact that artificial intelligence is having on software.

• Embat emphasizes that they will continue to incorporate AI into all modules. For some time now, it has had a treasury analysis agent called Tellme. They aim to target the 'mid-market'.