The French startup Mister IA, launched only 6 months ago by a young entrepreneur still studying at HEC, has just completed a fundraising of 1 million euros. We spoke with Martin Pavanello, the founder of Mister IA and he told us more about his future projects!
Everything you need to know about Mister AI
Who are you ?
My name is Martin Pavanello and I am 25 years old. My academic journey began in preparatory class, followed by admission to a major school at HEC Paris. However, before finishing my Master 2 at HEC, I chose to follow my entrepreneurial passion. I thus launched my first business in the real estate sector. Then, in June 2023, I founded Mister AI.
What does Mister AI do?
Mister IA is an artificial intelligence expert dedicated to preparing businesses for the rise of AI. Its first objective is to train company employees in the scalable features of ChatGPT and generative AI tools. This comprehensive training is divided into three parts: understanding the constantly evolving features of ChatGPT, learning specific use cases adapted to varied domains such as marketing, finance and HR, and becoming aware of the limitations and to the potential dangers of ChatGPT for responsible use.
As part of the audit and advice part, Mister IA carries out in-depth audits of company processes. As a result of these audits, valuable recommendations are made to integrate ChatGPT or other generative AI tools strategically, meeting the specific needs of each company. This audit phase also aims to improve business productivity by using these tools accurately and efficiently. Currently, Mister IA collaborates with companies of different sizes, ranging from 50 to 5,000 employees, implementing these objectives to increase the productivity of companies and improve the comfort at work of their employees.
Mister IA’s fundraising
Why did you raise 1 million euros?
The decision to raise one million euros in funding is based on several crucial factors for our growing business. First of all, growing market demand is a key driver. Due to this growing demand, we have a pressing need to recruit more consultants. Maintaining our premium positioning requires the engagement of highly qualified professionals, which requires funds to cover working capital requirements (WCR).
At the same time, we seek to quickly seize external growth opportunities in a competitive market full of numerous players. These opportunities, which can present themselves at any time, require immediately available financial resources to exploit them efficiently and agilely. Additionally, our international expansion is on the agenda. We have received inquiries from clients with subsidiaries abroad, leading us to consider opening new offices or expanding our operations internationally. This expansion also requires substantial financial resources. Thus, the fundraising of one million euros is crucial to meet these growing demands, to continue our external growth and to facilitate our international expansion, thus ensuring the continued success of our company in the global market.
Why did you choose to bring business angels into your capital?
The decision to integrate business angels into our capital is based on crucial reasons which support the dynamic development of our company. Their significant contribution provides the essential financial resources necessary for our expansion and continued growth in the market. In addition to this financial contribution, business angels offer valuable strategic assistance. Through their extensive professional networks, they can attract new customers and generate business opportunities, thereby strengthening our presence in the market. In addition, being mostly seasoned entrepreneurs, they bring invaluable expertise in managing the growth phases of a business. Their practical experience and sound advice are valuable assets in our growth journey.
Another relevant reason is the diversity of profiles among business angels. Some come from the startup world, while others founded more traditional SMEs. This diversity is crucial, as it gives us a deep understanding of the different processes and challenges businesses may face. In addition, some business angels specialize in consulting, providing specific expertise which is essential, particularly in the consulting sector where effective management is particularly complex for young companies. By integrating these diverse and competent business angels into our capital, we are confident in the strengthening of our company, both financially and strategically, and in our ability to overcome challenges and seize new growth opportunities.
What will Mister AI look like in 5 years?
I hope for an agency that supports several hundred clients in France and elsewhere in the world. The objective is to support companies in implementing the basics of generative AI, but to follow them over the long term to help them implement all the AI revolutions that will result from it. We want to become the trusted partner of SMEs and ETIs on this subject.
