MBA advises XAnge and ISAI in connection with AssoConnect's fundraising campaign

The MBA law firm (Moisand Boutin & Associés) acted as counsel to XAnge and ISAI in the context of AssoConnect’s €7 million capital raising.

AssoConnect offers associations an online tool specific to their daily problems (CRM, accounting, payment collection, website creation) and supports them through weekly training sessions and a collaborative mutual aid platform. The company now has more than 40 employees and 10,000 associations use its online management tool.

The objective of this fundraising is to enable AssoConnect to double its workforce to reach 80 people in 2020, invest 4 million euros in research and development, accelerate its presence in France and above all to launch itself in the United States, a high-potential market.

The MBA team consisted of Jean-Philippe Jacob, partner and Eric du Peloux, counsel.

McDermott Will & Emery, with Thibaud Forbin, partner, Louis Leroy and Stéphane de Groër, associates, acted as counsel to AssoConnect and its founders.