To consolidate its leadership position in France and expand into new European markets, Faks has raised €5 million from Connect Ventures, Seedcamp, and Cocoa Ventures. This sum will allow the Parisian startup to strengthen its technical and commercial teams by recruiting a dozen new employees and preparing for its European expansion.
Faks offers pharmacies a digital, easy-to-use platform to manage all their after-sales operations, for all their suppliers, all in one place – think promotions, claims, or expired products management. Thus, pharmacies are freed from considerable administrative work and can focus on their patients, and groups of pharmacies can more easily federate the members of their network. At the same time, suppliers’ sales and support teams gain operational efficiencies.
This is why Corentin Geoffray, a tech entrepreneur, Clément Goupy, a former pharmaceutical executive and Félix Pignard, CTO, created Faks. The digital platform streamlines the relationship between pharmacies and their suppliers and helps them work better together.
Geoffray and Goupy emphasise: “This funding round is decisive to further consolidate our leadership position in the French market and the starting point for our internationalization. After having partnered up with 60% of French pharmacies, we are convinced that our solution can profoundly transform the business of pharmacy professionals throughout Europe.”