Manty raises € 2.4 M in a round led by la Banque des Territoires and Axeleo Capital

Manty, a Govtech startup launched in January 2017 by Mathieu Nohet, Lucas Gaillard and Joseph-Marie Valleix, raised 2,4 M€ to accelerate the deployment of its platform, Manty Vision, and reach 100 local administrations by the end of the year. This platform helps public officials make decisions, and optimises the monitoring of local public policies.

The platform, built by a 15-person team, is already deployed in more than 50 local administrations, among which Rambouillet, Biarritz or Clermont Auvergne Métropole. It connects to every data source within the administration, centralizes the information, and gives access to dashboard and visualizations to public decision makers. With a simple interface that does not require any technical knowledge, it brings the right information to the right person at the right time.

The main use cases for Manty are about monitoring budget and spending, or Human Resources management, a critical subject for local administrations. Cities also use the platform to analyze the pricing of the municipal activities, or re-build their school map. For example, documents synthesizing the budget execution can be obtained in seconds, whereas it previously took anything from a few weeks to 3 months. For a 30 000 inhabitants city, the extractions and harmonization tasks automated by the platform represent the full-time job for a controller, which can focus on more critical analyses.

• –  Mathieu Nohet, founder of Manty declared: « Public administrations are the most important organizations of our society, they handle essential aspects of our daily lives, they need the best possible tools ».
• –  Marianne Louradour, regional director Î le-de-France at the Banque des Territoires indicates: « La Banque des Territoires invest in Manty to leverage on an innovative solution helping more inclusive and more connected cities to appear. Thanks to Many, any local administration, regardless of its size, can use a simple decision-making tool that allows easy monitoring of its public policies ».
• –  Eric Burdier, founding partner at Axeleo Capital said : « Until today, the public sector has always been at a disadvantage regarding digitalisation, and has greatly suffered from a lack of innovation from the historical leaders of the market. In the era of cloud and data-oriented solutions, Manty brings a new impulse to the sector, with cutting edge technologies and a user-centric approach that will quickly position them as a reference in the european govtech ecosystem ».A startup for the public sector

  The public sector has often had the image of a technophobic sector, difficult for start-ups to break into. Local administrations are sorely lacking in resources and tools to analyze their data. And public decision-makers are often forced to make complex decisions with very little information.

  However, administrations are modernizing rapidly, processes are often entirely dematerialized and elected officials are more and more sensitive to digital issues and the efficiency of public spending. In addition, the growing demand for transparency and performance from citizens is encouraging public players to seek new, more modern tools, perfectly suited to their needs, with dedicated teams.

  Each year, in France, the public sector spends more than 16 Md€ in technological solutions2. More and more start-ups are entering this so-called “govtech” market. More than a third of Next 40 start-ups.