Cleavr raises EUR 8 million seed led by Varsity for AI accounts-receivable collection

Cleavr raises EUR 8 million seed led by Varsity for AI accounts-receivable collection

6 October 2026 — Cleavr, a French company that automates the collection of unpaid invoices for finance teams, announced on 6 October 2026 that it has raised EUR 8 million in a seed round. The company describes the round as following a EUR 1 million pre-seed in March 2026, six months earlier.

The round

EUR 8 million, seed, as stated in the company's announcement. The round is led by Varsity. Kima Ventures and Better Angle, both earlier investors, put in again, and Portfolio Ventures, Kerala Ventures and Financière Saint James join, along with 100IN, Station F and Clover. The company also names business angels from Datadog and from private-equity funds. Cleavr says the money will go into accelerating growth in Europe by strengthening its commercial teams and its product development. Tech.eu's report of the same day gives the same amount, stage and lead, with a shorter investor list.

What the company does

Cleavr sells software for accounts receivable: the work of chasing customers who have not paid their invoices. Its platform sends reminders by email, SMS, voice and WhatsApp, handles disputes when a customer contests an invoice, reconciles payments as they arrive, and can move a case to legal proceedings when reminders fail. It sells to chief financial officers and finance teams, and its site names logistics, transport, industry, construction and software companies among its target sectors, from small businesses to large groups. The company says more than 100 businesses adopted it within seven months and quotes reductions in days sales outstanding for its customers; these are its own figures and have not been independently checked.

Why it matters for buyers

Late payment is a common cash-flow problem for European SMEs, and collection has traditionally been a manual mix of spreadsheets, emails and phone calls. Cleavr is a young company: by its own account the product launched about seven months before this round. For buyers that means a product whose scope and pricing may still change quickly, and contract terms worth reading with that in mind.

What to check

• Which channels the tool uses to contact your customers, and whether automated voice or WhatsApp messages fit your customer relationships and local rules on debt collection and consent.
• How disputes are recorded and handed back to people, so that a contested invoice is not chased automatically.
• Integration with your accounting or ERP system, and which side holds the master record of what has been paid.
• Where customer and invoice data is stored and processed, and the data-processing terms on offer.
• How customer-reported results, such as reductions in days sales outstanding, were measured before relying on them in a business case.

Company profile on TrustList: Cleavr

Sources

• Cleavr: Cleavr lève 8 M€ pour devenir le leader européen de l'encaissement des factures par IA — 6 October 2026
• Tech.eu: Cleavr bags EUR 8M to scale AI-powered invoice collection across Europe — 6 October 2026