triPica raises €12.4M from TiLT for energy and telecom billing
Ten years after its founding in Paris, triPica brings in TiLT Capital Partners to carry its billing platform for energy suppliers and telecom operators into Germany and Italy.
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Paris, France
Paris-based triPica has raised €12.4 million from TiLT Capital Partners, the energy transition investment platform of the Siparex Group, to take its customer and billing software for energy suppliers and telecom operators into Germany and Italy.
€12.4M from TiLT, aimed at Germany and Italy
triPica announced the round on 10 November 2026, and Tech Funding News and Tech.eu carried it the same day. TiLT Capital Partners is the only investor named, which makes it the lead. The company has given the round no stage label, and TiLT’s stated model is to take minority stakes in growth-stage companies.
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According to the company, the money goes to five things. Expansion in Germany and Italy. Product development, including AI in billing and customer support. Sales and marketing in Italy, Germany, France and telecoms. A partner network. A larger team.
Below, I look at what triPica runs for its customers, the market it sells into and what this round says about European utility software.
Ten years of billing behind Digicel, CelcomDigi and Enercity
Mathieu Horn, Walid Bounar and Christophe Ruzé co-founded triPica in Paris in 2016. Horn, the CEO, had already founded and led Joe Mobile, a virtual mobile operator, from 2012 to 2015, so he came to billing software as a former operator.
The product is cloud software that handles customer records, subscriptions, billing, payments and customer service for energy suppliers and telecom operators. It replaces their legacy customer and billing systems. The company says it lets a supplier launch dynamic tariffs, solar self-consumption, EV charging and demand-flexibility programs in weeks. Each of those is a new offer that somebody has to price, invoice and support. “We built triPica so that an operator can launch that offer in weeks,” Horn said. triPica has also built an MCP server so external AI agents can connect to the platform.
triPica says the platform has been in production for ten years, and its customer list backs that up. In telecom, it counts Digicel and CelcomDigi as customers and cites Orange and Carrefour Mobile as brands it helped launch. In energy, triPica’s own case study describes German utility Enercity leaving SAP IS-U and migrating hundreds of thousands of electricity customers. The target is mid-sized suppliers with up to 1 million delivery points.
A $1.79B category growing toward $3.26B by 2030
MarketsandMarkets, as cited by Tech Funding News on 10 November 2026, sizes the customer information systems market at $1.79B in 2025 and $3.26B in 2030. That implies growth of about 12.7% a year, by our own arithmetic. Respectable growth for a category most households only ever meet as a monthly bill.
The same coverage shows the scale at the top. Kraken, which sits outside triPica’s direct competition, raised $1B led by D1 Capital Partners at an $8.65B valuation, and Tech Funding News credits it with over €424.5M in contracted annual revenue for 2025 and over 70 million accounts. Nomos raised €20M led by Index Ventures in September 2026, per the same report.
Closer to home, €12.4M sits above two recent billing and back-office rounds in our records. Conlio raised €6.4M led by Piton Capital for AI in freight billing on 3 November 2026, and two days later Kabilio took €10M led by Picus Capital and Visionaries for AI agents in Spanish accounting firms. The wider picture is in our European fundraising data.
At about 12.7% a year, the market adds roughly $1.47B between 2025 and 2030, on the MarketsandMarkets figures. For a company whose product replaces legacy systems, that growth gets won one migration at a time, the way Enercity’s was.
A neutral vendor for suppliers below a million delivery points
European energy retail keeps adding products to the bill. Dynamic tariffs, solar self-consumption, EV charging and flexibility programs each need a tariff, an invoice line and an answer when a customer calls. Nicolas Lepareur, co-founder and managing partner of TiLT, said triPica “removes a bottleneck that is too often overlooked” and “it can become the European reference in this field.”
Horn names the commercial tension plainly. He said “it’s always a bit complex when you’re an energy retailer to buy software from your direct competitor.” Kraken’s more than 70 million accounts show how far one platform can scale. The good news is that a mid-sized supplier in Germany or Italy now has a Paris-built option with ten years of production behind it and an energy transition investor backing it.
The detail I will watch is the MCP server. It lets external AI agents connect to triPica, and the round pays for AI in billing and customer support. Imagine if a regional supplier could plug its own agents into billing and customer service on the first day of a migration. For a company with a few hundred thousand customers, that would change what a small team can run.
We tend to count the energy transition in solar panels and charging points. It also runs through tariffs, invoices and customer records, and TiLT has now put €12.4M behind that view. Watch the first German and Italian go-lives, and watch which suppliers connect AI agents to their billing. Let’s build the rest of that stack in Europe!
