France-based robo-investor developer Yomoni has raised €5m ($5.4m) from mutual credit association Crédit Mutuel Arkéa and Iéna Venture, the investment unit of asset management company La Financière de l’Echiquier, according to Journal du Net.

Yomoni’s management team also participated in the round in order to maintain their stake and remain involved in decisions about the startup’s future. The round follows €3.5m of financing from Crédit Mutuel Arkéa and Iéna Venture in 2015.

Yomoni operates an investment platform that relies on robo-advisors…