Extens makes seventh investment via third vintage fund with Imagine Human

Imagine Human is a French HR software service provider.

  • Imagine Human is based in Lyon
  • Extens is a specialist investor in healthcare software and data
  • The firm is based in Paris

Extens has acquired a majority stake in Imagine Human, a French HR software service provider for risk prevention and quality of life at work.

Lyon-based Imagine Human serves over 1,500 clients and reaches over four million employees via its WinLassie and ForMe products.

Extens’ investment will provide operational support and additional financial resources to strengthen Imagine Human’s market position in France and internationally, according to a release.

“The demand for quality of life at work is increasing and currently constitutes one of the main challenges for HR teams (75 percent consider it a major concern or an absolute priority), which allows disruptive players like Imagine Human to gain market share,” said Charles Bourgain, investment director at Extens. The firm will continue the “development and enhancement of WinLassie, both through organic growth and external growth, to capitalise on the software’s strong position in its market.”

This transaction is the second carried out by Extens in the quality of life at work market, the release said. Imagine Human is the seventh investment of Extens’s third vintage fund dedicated to healthcare software.

Paris-based Extens is a specialist investor in healthcare software and data. It invests up to €15 million into SMEs that generate over €3 million in revenue and are EBITDA positive.