MyFit Solutions, a start-up specializing in 3D capture and measurement via smartphone for the medical and retail sectors, announces a €2 million fund-raising round. Co-founder Xavier Deshayes shares his experience of convincing investors.
Trained as an engineer, Xavier Deshayes has always had a taste for innovation and concrete action. After more than ten years with Dassault Systèmes, where he held positions at the crossroads of product development, marketing and international sales, he decided to take the entrepreneurial plunge.
A carefully considered decision, dictated by a deep-seated desire to create his own structure, with his own values and vision.
From 3D printing to B2B applications
It was while working on projects linked to 3D printing that the idea for MyFit Solutions was born: an innovative technology, first developed by them and then in partnership with the public research laboratory INRIA, which transforms a simple smartphone into a veritable 3D capture tool.
Initially, Xavier developed an ear scanning technology to create tailor-made headphone tips for the general public. But with growing interest from the corporate sector, MyFit Solutions has taken on a new dimension: the solution can now scan the whole body, opening the way to new uses, notably in the healthcare and luxury retail sectors.
Today, 80% of sales come from the healthcare sector, and 60% of revenues are generated internationally.
A close-knit, complementary team
The story of MyFit Solutions is also the story of a decisive meeting. Xavier met Jérémy Adoux, his future co-founder, through an online ad.
" I had already created the structure and initiated the first partnerships with research laboratories. Jérémy was looking for a new adventure. He became my partner and our CTO.
In 2022, Djavid Pichori joined the team as the third partner, to oversee sales, marketing and delivery.
Today, the company employs 16 people with a wide range of backgrounds, all driven by the same ambition: to push back the boundaries of digital measurement.
A new round of financing to turn the corner
After an initial love money round, followed by an institutional round in 2021, the company has just completed a second round of financing of 2 million euros, bringing together investment funds and business angels.
"MyFit Solutions, a start-up specializing in 3D capture and measurement via smartphone for the medical and retail sectors, announces that it has raised €2 million from leading investors, including Acer Finance, Provence Angels and Key Ventures, with the support of Bpifrance. [...] This fund-raising is a strong signal that confirms the relevance of our vision and the added value of our solutions".
A key step to support growth and accelerate recruitment in the sales, marketing and technical divisions.
"We needed air to take us to the next level. This fundraising will enable us to consolidate our team, strengthen our partnerships and accelerate our international presence."
But raising funds is never a smooth ride. This time, Xavier opted for support to help him target the right investors and gain in efficiency: "It's a long process, lasting almost a year, with several phases of opening, selection and closing. The hardest part is keeping the business running at the same time.
With experience, Xavier has developed a lucid reflection on the relationship with investors.
" You have to ask yourself whether you're really compatible with venture capital funds. Raising funds means agreeing to share your capital and to have people who have a right of review. It has to be a good fit, both humanly and strategically.
He also insists on the maturity required for a second round: "After seven years, you're no longer selling a dream. You're selling a running business, with solid indicators. When someone invests a million in you, they expect a substantial return on their investment.
Faced with the pressure and intensity of entrepreneurship, Xavier remains attentive to his personal balance: "You need to be well surrounded, personally and professionally. Our business angels are also there to exchange ideas and provide a different perspective.
What's next?
The next few months promise to be decisive. The team aims to accelerate sales development, strengthen strategic partnerships and consolidate its position as a major player in digital and mobile measurement. The company has a clear ambition: to establish itself as a major player in its market.
Selena Miniscalco
Communications Manager
