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Graneet

“Can a French vertical ERP become the financial operating system for European construction SMBs before generalist ERPs or fintechs reach the segment?”

Founded2020
HQParis, France
FoundersJean-Gabriel Niel
Total raised~$11.5M
Latest roundSeries A, 2023
IndustryVertical SaaS / Construction
The story

Graneet started in 2020 as an Excel-replacement quoting and invoicing tool for French construction SMBs, then layered purchase management, bank connectivity, supplier payments, and labour tracking on top to become a vertical ERP / financial OS for contractors between €2M and €100M revenue. Investors explicitly frame it as a 'vertical operating system' wedge — start with quoting/invoicing, then expand into the full financial workflow. Embedded finance remains light-touch (bank connection, OCR, supplier payment initiation) rather than full BaaS — Graneet is a software vendor, not a regulated entity.

Last 12 months
2025-07
Product timeline
2020
GABZO / Graneet founded in Paris to build a vertical ERP for French SMB construction firms· founding
2021
$2.8M seed led by Point Nine & Foundamental to replace Excel for construction SMBs· funding
2023
$8.7M Series A — positioning as financial OS for SMB contractors in Europe· funding
2024
Launched purchase invoice OCR, bank connectivity, and supplier payment functionality inside the ERP· product
2025
Prepared customers for the French e-invoicing reform (facturation électronique)· product
The stack
2 layers disclosed in Graneet’s embedded-finance stack
Unified APIs
Chift
Accounting
in the full report
Accounting gap: minor
5 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.