Taulia, a US-based cloud-payment software developer backed by telecommunications company Telus, has named Cedric Bru as its new chief executive, who will take over from Betram Meyer.
Meyer co-founded Taulia and served as its chief executive for the past six years. He will remain on the company’s board of directors where he will focus on Taulia’s expansion across Europe. Bru previously served as the company’s chief sales officer.
Taulia raised a $15m series E round in January 2015 from private equity fund manager Zouk Capital. In September 2014, the company received a $40m series D backed by BBVA Ventures, the corporate venturing unit of financial services firm BBVA, QuestMark Partners, Trinity Ventures, Matrix Partners, Lakestar, DAG Ventures and EDBI, the investment arm of Singapore’s Economic Development Board.
Telus meanwhile invested in Taulia’s $18m series C round in 2013, which included participation from Matrix, Trinity, Lakestar and DAG. It also raised $17.7m across three earlier rounds from 2010 to 2012.
In his previous position, which he had held since joining in 2013, Bru was responsible for trebling Taulia’s revenue for two consecutive years.
Bertram Meyer said: “Cedric is an immensely talented and experienced individual who is the perfect person to lead Taulia to new heights. Having spent his career growing global teams across the financial and technology industries, Cedric is well-positioned to guide Taulia through its next stage of growth.”