Business administration has long been a significant cost, with inefficiencies in payroll, procurement, and internal processes swallowing a large amount of time and effort. An early entrant in the SaaS market, Lucca has been providing finance and administrative software to businesses since 2002, offering solutions for time and activity management, expense reporting and annual reviews - to name just a few of its products.
While there's always been a market for this kind of product, HR tech has really exploded in the past few years. Several younger firms have been making big waves in the space, such as Omnipresent and Staffbase which both received outsized funding in 2022. This is perhaps why Lucca sought investor funding after being bootstrapped for twenty years, closing a major funding round to fuel its expansion across France and beyond.
With a customer base of over 8,700 companies - which includes Accor, Deezer and Rip Curl - and with 39% growth in 2024, Lucca is well positioned to take advantage of the HR tech boom. The company has big plans - it aims to use its funding and revenue to scale its operations, aiming to hire 400 more employees and reach revenues of over €100 million per year by the end of 2025. To do this it is taking aim at not just the French business sector but beyond, beginning with Spain and Switzerland as well as growing its customer base of international enterprises.
Steph
Company Specialist at Welcome to the Jungle
