The Belgian industrial predictive maintenance company I-care closed a fundraising campaign of more than 10 million euros, she said on Friday. It has the ambition to multiply its size by five in the next five years.
During this fundraising, the initial ambition of which was to reach 3 million euros, 180 employees notably became shareholders, investing an average of 35,000 euros per person. The founders of I-care and employee shareholders now own 84% of the company.
“Stay true to our values“
These new funds should allow I-care to continue its development, explains its CEO Fabrice Brion. “We want to increase our size by five in the next five years. In a market whose size will quadruple in five years, growing will allow us to remain true to our values - performance, sustainability and respect for people – and to remain masters of our destiny. It is more essential than ever in the unstable context in which the economy is evolving.“
I-care employs over 500 people and has offices in 11 countries.