This Research Note examines what’s behind Witco’s latest move to acquire SharingCloud. We review the deal in the context of the startup’s development, funding, prior acquisitions, and strategy. Witco Profile Witco, a Parisian startup was founded in 2016 as MonBuilding, serving the French and Canadian enterprise market for workplace engagement apps. After raising 2 million euros in seed funding in 2019, the company changed its name to Witco in September 2021 when it closed a Series A 12 million euro round and announced the launch of its smart building app in the UK. The funding was backed by new investors, Daphni, Eurazeo, UL Invest, and business angels, joining Naxicap Partners who also invested in earlier funding rounds. The new capital was intended to support their global expansion in the USA, UK, Germany, and Spain. Their approach has mainly been focused on building a workplace app towards a seamless employee experience – with 50 modules and […]