A French startup named Graneet, founded in 2020 and based in Paris, has raised 7 million euros to develop its ERP software, which is designed for small and medium-sized enterprises (SMEs) in the construction industry. The company claims to have nearly 1,500 clients and plans to use the funding to create new software modules and deploy AI agents that can analyze management data. The founding team includes Jean-Gabriel Niel, who serves as the company's leader, along with Enzo Dozias and Raphaël Moulin. Graneet had previously raised 2.4 million euros in 2021 and 8 million euros in a Series A round in 2023, supported by venture capital firms such as Point Nine and Foundamental, as well as Axeleo Capital and Raise Sherpas. Individual investors include Nicolas Dessaigne and Jean-Christophe Taunay-Bucalo. The identities of the participants in the new 7 million euro funding round were not disclosed.
Starting September 1, 2026, all French companies will be required to be able to receive electronic invoices, and SMEs, micro-enterprises, and very small businesses will have to issue them starting September 1, 2027. This new regulation presents an opportunity for Graneet to become the central hub for invoice data, transforming it from a purely administrative function to something that can be used operationally. The company positions itself as a compatible solution that integrates with Pennylane, an approved platform for electronic invoicing that manages the necessary infrastructure, transmission standards, and connections to the public system. Graneet focuses on the daily operations of a company, covering estimating, purchasing, invoicing, labor, inventory, customer relationship management (CRM), and tracking profitability by project.
The new modules that Graneet plans to develop—such as scheduling, after-sales, dashboards, and application programming interfaces (APIs)—indicate a broader goal: to become the operating system for construction SMEs, from the initial estimate to after-sales activities. The after-sales module extends the software beyond the completion of a project, and the APIs will allow the software to connect with accounting software, banks, and payroll tools already in use by clients. Graneet targets SMEs that are dealing with the increasing complexity of managing multiple purchases, subcontractors, and various work situations. Its competitors include other construction-specific ERP systems, accounting software, electronic invoicing platforms, and combinations of several specialized tools.
Graneet has also launched an MCP, a user interface that makes ERP data accessible to AI assistants and specialized agents tailored to different roles, such as financial director, site manager, administrative or accounting assistant. The use cases include identifying projects where profit margins are shifting, detecting unprocessed expenses, and preparing follow-ups without having to navigate through multiple screens. The effectiveness of these AI agents depends on the quality of the data available, the permissions granted to each user, and the ability to trace back to a specific document, order, or accounting entry. This shift toward using ERP systems as a data infrastructure and integrating AI agents is also part of the strategy at larger companies like SAP.
French Construction ERP Startup Graneet Secures 7 Million Euros in Funding
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