4.71
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Software connecting systems used in corporate financial management.
02 / 4.71 FAILURE REASONS
Failure factors supported by the current evidence
Co-founder Christophe DAVID stated that after a €1.3M raise, BPI France’s refusal of the Prêt d’Amorçage Innovation in late 2023 collapsed the financing plan and created a cash deadlock, making continuation impossible. He also said delayed electronic invoicing to 2026 slowed sector investment.
BPI France refused the Prêt d’Amorçage Innovation (late 2023), collapsing the financing plan
Cash deadlock / inability to continue without that financing
Founder also cited postponed electronic invoicing (to 2026) slowing sector digitalization spend
03 / EVENT HISTORY
Events in the structured record
- Liquidation
Same court converted the case to liquidation judiciaire, appointed SELARL MJ Martin as liquidator, and authorized activity to continue for two months. This is company-level insolvency, not a product-only shutdown.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Paris-based B2B SaaS accounting tool
- 02
Raised about $1.5M across two tracked investors
- 03
Startup trackers list it as liquidated in 2024