Onfido, the leading identity verification and background checking provider, today announces that it has closed a Series B funding round of $25 million. Participants in the round include Idinvest Partners, Wellington Partners and CrunchFund. Raised to meet rising demand from the U.S. and international markets, Onfido will use the funds to scale its U.S. operations as well as continue to develop its machine-learning based technology.
Idinvest Partners, the European private equity investor, announces today that Stéphanie Courtadon is joining the business as Head of Marketing. In this role, Stéphanie will be responsible for both Marketing and the RFP process. Before joining Idinvest Partners, Stéphanie had been Head of Marketing and Development at Siparex from 2012 and Head of Investor Relations and Marketing at Crédit Agricole Private Equity from 2008.
Planday , the workforce management platform for shiftbased businesses, today announces that it has raised a $14 million Series B round of funding. Theround was led by new investors Idinvest, and also included Creandum, the lead investor in Planday's Series A round, SEB Private Equity, and angel investor Arthur Kosten, cofounderof Booking.com.
Conscious of the ongoing fight against inequality and as part of its commitment to socially responsible investment, Idinvest Partners has decided to support several charitable organisations by working with an intermediary organisation, Epic Foundation. Idinvest will initially support two specific initiatives through the foundation, Simplon.co and Sport dans la Ville. Christophe Bavière, CEO of Idinvest, stated that "Idinvest was enormously impressed by the Epic Foundation's operational model. Modern and transparent, it gives donors complete [...]
Electranova Capital US, the energy cleantech venture capital fund dedicated to the US, managed by Idinvest Partners, and sponsored by EDF, announces its investment in Off Grid Electric. Off Grid Electric is already a world leader solar leasing company in Africa. Off Grid Electric delivers innovative stand-alone solar systems to a range of last-mile customers at costs lower than traditional kerosene lighting...
Following the $60 million Series C fundraising closed by the company during the summer of 2015, Idinvest Partners has decided to join some of the most successful international venture firms (including Google Ventures, Octopus Ventures, Index Ventures,) by taking a minority stake in the company. As a result, Guillaume Durao, Investment Director at Idinvest Partners will be joining Secret Escapes' board of directors as an observer.
Botify, the search marketing analytics platform, today announced a $7.2m Series A investment by Idinvest and Ventech. The funding will be used for product development, international expansion and hiring to accelerate the company's already impressive growth.
Idinvest announces the successful Initial Public Offering of Talend on the Nasdaq Stock Exchange today. In its first trading session on the Nasdaq in New York, Talend's share price soared more than 50 % from its IPO price. This IPO marks a major step in the rapid and successful development of Talend as a global leader in data integration and big data.
Famoco, leader of Android-based transactional devices, today announced a €11m round of financing led by Idinvest Partners, together with Orange Digital Ventures, SNCF Digital Ventures, BNP Paribas Développement and alongside their historical investors Hi inov, Fonds Ambition Numérique managed by Bpifrance, and Aurinvest. This new round of funding will enable FAMOCO to meet growing international demand for transactional solutions in the fields of cashless payment, transportation, smart city as well as the digital transformation in mobility [...]
Idinvest Partners, a leader in financing the growth of European SME's, has announced the opening of a new office in Frankfurt along with new additions to its team. This new office highlights Idinvest's resolve to develop further internationally and offer dedicated in-country support to assist the growth of its portfolio companies.As both a former subsidiary of the Allianz Group, and by financing the growth of German companies, the establishment of a Frankfurt office marks the latest step in the strong relationship that Idinvest has maintained [...]
Idinvest Partners announces the sale of Social Point to Take-Two Interactive Software, Inc. for $310 million. This outstanding transaction allows Idinvest to make a multiple of 10x and an IRR of more than 60%. Benoist Grossmann, Managing Partner of Idinvest, said: "The growth of the company Social Point will take a new turn at Take-Two, it will have an even more international dimension. Idinvest has once again demonstrated its expertise in transforming European start-ups / SMEs into world leaders. I am delighted that, throughout the years, [...]
Idinvest Partners is pleased to announce the appointment of Alban Wyniecki as an Investment Director. Alban will provide strategic direction and oversight of Idinvest's Growth Capital Fund II, which recently held its first close at €250 M. The fund's first investment this year was in Vestiaire Collective, an online e-commerce marketplace for pre-loved clothes. "We are very much looking forward to Alban joining the Growth team here at Idinvest," says Benoist Grossmann, Managing Partner at Idinvest. "We are currently seeing a good amount of [...]
Idinvest Partners today launched an annual study into the UK's attitudes towards entrepreneurship. Idinvest's UK Entrepreneurship Barometer measures the concerns of the next generation of entrepreneurial talent and therefore addresses the health of the UK's innovation ecosystem. In its first year, the Barometer poses questions about Brexit consequences, personal motivations, fundraising challenges and economic climate. Despite concerns that Brexit might diminish the UK's position as one of Europe's leading business hubs, 44% of the UK [...]
TrustInSoft raises $1.2M from Idinvest Partners to change the rules in software development and automate code vulnerability detection at a wide scale.TrustInSoft is the first company to offer developers a guarantee on the quality of their code, a significant breakthrough for the software industry. After 10 years of R&D at CEA, the National Research Center in France, TrustInSoft has successfully applied its technology in critical applications for industry and detected crucial source code vulnerabilities. The company is now preparing the release [...]
Idinvest Partners, the specialist European SME investor, has established a Shanghai office to support the growth of its portfolio companies in Asian markets. The office will be led by Solomon Moos, Corporate Development Asia, who joined Idinvest in July 2016 from Allianz Global Investors. Solomon will be supported by three Chinese partners.This marks the most recent milestone in Idinvest's strategic international development and ability to offer in-country support to portfolio companies with hypergrowth ambitions, coming shortly after the [...]
Idinvest Partners and Chinese Academy of Sciences Holdings (CASH) have agreed to support the growth of European small & medium-sized enterprises (SMEs) with the signature of a memorandum of understanding (MoU), during the RAID event of March 14th 2017 held in Beaubourg museum in Paris. To do so, a fund of funds for Green Development will be launched, which main objective is to finance innovative European SMEs which have the potential to develop and grow in China. The fund of funds will be managed by CASH, advised by Idinvest, and targets a [...]
Vestiaire Collective, the European leader in luxury and premium pre-owned fashion today announced the completion of a €58 million round of financing to fuel continued international growth and increase operational capabilities. The round was led by new investor Vitruvian Partners as part of Vitruvian's increasing focus on French opportunities. As an existing major shareholders, Idinvest Partners participates, reaffirming its support to the company. Created in October 2009, Vestiaire Collective has since raised a total of more than €110 [...]
From October 24th to November 4th, a selection of 11 French start-ups embarked on a tour to China. Organized by Bpi France and Business France, the French Tech Tour was sponsored by Idinvest Partners. This two-week program of intensive immersion, aimed at boosting French startups' commercial opportunities in China, led these happy few into four high-tech Chinese cities: Beijing, Shanghai, Shenzhen and Hong-Kong. "China curious" start-ups had the chance to discuss with experts various questions related to business practice, cultural management, [...]
Julien Princi has been announced as General Counsel at Idinvest Partners. Julien specialises in the creation of private equity funds and related transactions. He has extensive experience with fund structures and both European and US regulation. He will report to Syvianne Guyonnet, Partner and COO at Idinvest Partners.
Géraldine Usseglio has been announced as Director of Human Resources at Idinvest Partners. She will report to Syvianne Guyonnet, Partner and COO at Idinvest Partners. Géraldine joined Idinvest Partners in September 2016 with over 15 years of experience in HR, notably in the services and publishing sector.
Idinvest Partners is expanding its international team with two new additions to the Strategy & Solutions division, led by Partner, Sylvain Makaya. As Strategic Projects Director, Sophie Béric is responsible for managing Idinvest's international and cross-border projects. Moreover, Solomon Moos has joined Idinvest Partners' Investor Relations practice in Asia.
Idinvest Partners received wide recognition at the occasion of the 21st Franco-Chinese Economic Forum held on December 8th in Beijing, where the 3rd Innovation Awards Ceremony for Franco-Chinese Teams was celebrated. Idinvest's CHANCE program featured among the finalists of the Innovative Initiative Prize. The Innovation Awards Ceremony was held during the 21st Franco-Chinese Economic Forum. This annual top level Forum brings together French companies to promote their leading activities and their know-how in China. Idinvest was among those [...]
The idea is to syndicate with industry partners from the get-go, bringing them in at a pre-seed stage, prior to forming the company, to provide expertise that matches the newco's technology. Moreover, it should allow Kurma to compete for seed or series A stage assets with the bigger players. According to managing partner Vanessa Malier, the new approach is unique among French life science investors and makes it possible for a small firm like Kurma to create new companies without tying up a large percentage of its capital in seed investments. [...]
Idinvest Partners strengthens its commitment to financing unlisted European businesses with the initial closing of its second capital growth fund at 250 million euros. The strategy of 'Idinvest Growth Fund II' follows in the footsteps of the firm's previous investments in the growth sector which financially supports European SMEs, transforming them into global leaders. The fund targets Digital, Health, and Energies & Cities sectors. Idinvest is aiming for a final closing of between 350 and 400 million euros in the first quarter of 2017.