Graneet raised €8M to be the mini-ERP for France's small construction firms

All-in-one vertical SaaS for small construction companies: project tracking, quotes, team management and subcontractor relationships.

Small construction firms need a purpose-built mini-ERP — quotes, margin tracking, subcontractors — that full ERP vendors will never bother to build for them.

€8M ($8.7M) Series A led by Point Nine and Foundamental, with Axeleo Capital, RAISE Sherpas' Phiture and angels from Spendesk, Algolia and TravelPerk.

Graneet grew out of a founder background in construction: two years of iteration with clients and prospects produced a product simple enough for small firms — a mini ERP instead of the full-fledged ERP nobody that size will adopt.

TechCrunch had covered the company early; by April 2023 revenue had tripled over six months. The Series A was led again by its two main investors — Point Nine's first Series A lead, notable given its B2B SaaS track record.

A clean vertical-SaaS bet: pick a fragmented, software-averse trade and build the mini-ERP its long tail actually needs.

The traction gate was cleared before the raise — revenue had already tripled in six months.

Point Nine's first-ever Series A lead shows how a top B2B SaaS investor read the category.

The stated follow-on (financial products, integrations) shows why owning an SME niche's workflow compounds.

Vertical SaaS is strongest where the incumbent competitor is 'no software at all': own the workflow of a trade too small for ERP vendors, then add financial products once you sit inside its books.

As of April 2023 Graneet was spending the round on accelerated customer acquisition while deepening the product. The stated endgame: become the digitization platform for an industry still running on paper and spreadsheets, then monetize the workflow with financial services and integrations.