Launchmetrics Acquires Style Coalition

NEW YORK, United States — Launchmetrics, the technology and data analytics provider created from a 2016 merger between technology tracker tool Fashion GPS and marketing software Augure, has acquired influencer management platform Style Coalition for an undisclosed amount.

The acquisition plays into Launchmetrics’ end goal of serving as a one-stop shop for brands and fashion agencies that want to better understand their ROI when working with editors and influencers alike. Launchmetrics’ current services include sample trafficking, event management, PR management, contact database management and a digital showroom tool. In May this year, the company bought Visual Box, a media monitoring and intelligence company.

While Launchmetrics’ marketing software measures the impact of influencer campaigns, Style Coalition adds an additional layer by connecting brands with influencers to create such campaigns. The idea is that, through Launchmetrics’ extensive suite of services, brands can more holistically understand the impact of all of their marketing efforts, from Instagram Stories to digital banner advertising.

“We now have tools for the PR side — events and samples — tools for the media and strategic teams, and tools for the social and influencer side, allowing us to manage all types of campaigns for our customers,” Michael Jais, chief executive of Launchmetrics, told BoF. “Influencers may work for some types of channels and audiences, but they need to be combined with other types of campaigns to be effective.”

Other than affiliate links, which are trackable shopping links that pay a commission to an influencer each time a shopper buys something through said link, there is no direct way for brands to track whether influencers are actually responsible for sales. By tracking the step-by-step trajectory of a product — from the time a sample leaves a studio until it appears in an influencer Instagram campaign — Launchmetrics will aim to shed a light on this.

Launchmetrics currently monitors over 500,000 websites and 100,000 influencers and has over 1,000 brands internationally signed up to its service. The company is predicted to post revenues of $25 million in 2017.

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Adeunis Lists on Euronext Growth

Crolles, le 11 octobre 2017

ADEUNIS ENTRE EN BOURSE SUR LE MARCHÉ EURONEXT GROWTH

  • Augmentation de capital de 7,4 M€
  • Prix de l’action fixé à 10,11 €
  • Premier jour de cotation : 16 octobre 2017

ADEUNIS, spécialiste des capteurs connectés et solutions sans fil au service de la performance opérationnelle des professionnels, annonce la réalisation de son introduction en Bourse et l’inscription prochaine aux négociations de ses actions sur le marché Euronext Growth à Paris (FR0013284627 – ALARF).

La demande globale s’est élevée à 736 757 titres, dont 55 % pour le placement global et 45 % pour l’offre à prix ouvert.

Le conseil d’administration d’ADEUNIS, réuni ce jour, a fixé le prix d’introduction à 10,11 € par action et décidé de servir la demande à 100%.

Au total, l’émission représente une augmentation de capital d’un montant d’environ 7 449 K€. A l’issue de l’opération, le capital d’ADEUNIS est désormais composé de 2 182 960 actions, ce qui représente une valorisation de 22,1 M€ sur la base du prix d’introduction en Bourse. Le flottant représente 29% du capital de la Société.

Pascal SAGUIN, Directeur général d’ADEUNIS, déclare : « Nous tenons à remercier vivement les investisseurs institutionnels et individuels qui nous ont fait confiance à l’occasion de cette introduction en Bourse. Nous remercions également nos actionnaires historiques qui nous ont renouvelé leur soutien, partageant pleinement notre stratégie de développement ambitieuse. Avec cette levée de fonds, nous allons accélérer notre déploiement en Europe et aux États-Unis et accélerer notre croissance sur les marchés de l’IoT industriel et de l’audio professionnel »

Un contrat de liquidité d’un montant de 200 000 € sera mis en œuvre avec CM-CIC Market Solutions dès l’ouverture des négociations le lundi 16 octobre 2017.

REDUCTION ISF / IR

L’augmentation de capital d’ADEUNIS satisfait aux conditions d’éligibilité à la réduction d’impôt sur le revenu (IR) et à la réduction d’impôt sur la fortune (ISF) du dispositif fiscal de la loi dite TEPA s’agissant de souscriptions au capital d’une PME. Les souscripteurs personnes physiques pourront, le cas échéant, faire la demande de l’attestation fiscale auprès de la société, qui la leur délivrera jusqu’à atteinte du plafond légal applicable.

 

Les demandes d’état individuel seront traitées par ordre d’arrivée, selon la règle du premier arrivé, premier servi. Dès lors que le plafond applicable sera atteint, la société ne délivrera plus d’attestation fiscale.

La société rappelle que la réduction IR et ISF est également soumise au respect de certaines conditions par le souscripteur, si bien qu’il appartient à chaque souscripteur de vérifier que les critères d’éligibilité à ces dispositifs fiscaux s’appliquent à sa situation personnelle. Par ailleurs, les titres dont la souscription a ouvert droit à la réduction IR ou ISF ne peuvent pas figurer dans un PEA ou un PEA-PME.

Répartition du capital à l’issue de l’opération

Actionnaires Après émission des actions nouvelles
Nombre d’actions % du capital et des droits de vote
Capital Export 693 345 31,76%
TempoCap 529 588 24,26%
A Plus Finance 265 158 12,15%
Total Investisseurs Financiers 1 488 091 68,17%
HV Investissement 52 495 2,40%
Hervé Vincent 1 230 0,06%
Total Fondateurs 53 725 2,46%
Muriel Bethoux 2 890 0,13%
Pascal Saguin 2 890 0,13%
Total Dirigeants mandataires sociaux 5 780 0,26%
Autres 10 0,00%
Public 635 354 29,11%
Total 2 182 960 100,00%

Intermédiaires financiers et conseils

Listing sponsor : Sponsor Finance

Chef de file et Teneur de livre : CM-CIC Market Solutions

Commissaires aux comptes : BDO, Deloitte

Juridique : Fidal

Communication financière : Actus

Codes d’identification des titres

  • Libellé : ADEUNIS
  • Marché : Euronext Growth Paris
  • Mnémonique : FR0013284627
  • Code ISIN : ALARF

Prix de l’offre

Le prix de l’offre à prix ouvert du placement global est fixé à 10,11 € par action.

Taille de l’opération

Au total, l’émission représente une augmentation de capital d’un montant de 7 449 K€.

736 757 actions nouvelles ont été émises dans le cadre de l’offre.

Répartition de l’opération

408 608 actions ont été allouées aux investisseurs institutionnels dans le cadre du placement global (représentant environ 4,1 M€, dont 1,0 M€ de la part d’A Plus Finance et Tempocap conformément aux engagements de souscriptions pris et présentés dans le prospectus) ;

328 149 actions ont été allouées au public dans le cadre de l’offre à prix ouvert (représentant environ 3,3 M€).

Dans le cadre de l’offre à prix ouvert, les fractions d’ordres A1 et A2 seront servies à 100 %.

Calendrier indicatif

Vendredi 13 octobre 2017 Règlement-livraison
Lundi 16 octobre 2017 Début des négociations sur Euronext Growth


Mise à disposition du prospectus

Des exemplaires du Prospectus visé le 25 septembre 2017 sous le numéro I.17-509 par l’Autorité des marchés financiers (AMF), composé du Document de base enregistré le 12 septembre 2017 sous le numéro I.17-065 et de la note d’opération (incluant le résumé du prospectus), sont disponibles sans frais et sur simple demande auprès d’ADEUNIS (283 rue Louis Néel, Parc Technologique Pré Roux, 38920 Crolles), ainsi que sur les sites Internet de la Société (www.adeunis-bourse.com) et de l’AMF (www.amf-france.org).

Source

TempoCap co-hosts conference on secondary transactions

Conference Agenda

Event Link: http://bit.ly/2ypw3m4

AGENDA

1:30pm

Registration and refreshments

2:00pm

Chairpersons’ Welcome

Karma Samdup & Ted Craig, Partners, MJ Hudson

2:10pm

Setting the Stage: Accessing Liquidity in Venture Capital
Macro-view of routes to liquidity for the different venture capital participants (e.g. angels, GPs, LPs). A look at the timing of a likely exit, the typical form of that exit as well as any systemic or other constraints to liquidity in the venture industry.

Yaron Zafir, Head of Secondaries, Rede Partners

2:30pm

Liquidity via the Secondary Market: Deal Structures, Issues and Challenges 
What does a secondary transaction look like?  An overview of secondary deal structures (e.g. direct or indirect secondary transactions as well as primary deals). What legal and commercial issues (e.g. process, timing, pricing and due diligence issues) do founders, angel investors, GPs and/or LPs need to be aware of.

Ted Craig, Partner, MJ Hudson
Karma Samdup, Partner, MJ Hudson

3:00pm

Keynote Interview: The Secondary Direct Venture Market Overview

Olav Ostin, Co-Founder and Managing Partner, TempoCap

Interviewed by:
Ted Craig, Partner, MJ Hudson

TempoCap is a leading technology investment firm providing liquidity to high growth European businesses. TempoCap advised funds acquire secondary direct portfolio investments from various type of investors including venture capital funds, corporates, banks or prominent business angels as well invest growth capital into fast-growing sizeable technology businesses via both primary as well as secondary situations.

3:20pm

Break

3:45pm

Delivering Pre-Exit Liquidity Options for Private Investors: Pros, Cons & Challenges
A panel discussion focusing on the latest alternative liquidity options on the horizon for private investors in technology start-ups. Can more be done? What are the challenges in the market – legal, regulatory or otherwise – which hinder the evolution of a secondary market? Will these alternative options or platforms succeed or fail?

Moderator: Karma Samdup, Partner, MJ Hudson

Panellists include:

Ashish Puri, Investment Partner, TempoCap
Reshma Sohoni, Partner & Co-Founder, Seedcamp
Nadav Rosenberg, Partner, ‎Entrepreneur First
Thomas Davies
, CFO, Funderbeam

4:15pm

LPs’ Perspective: Gaining Access to the Venture Capital Asset Class
A panel of primary and secondary LPs discussing their appetite for doing venture capital deals, the issues that put them off such deals and how they see this area evolving. Can greater liquidity increase capital pool available for start-ups and GPs?

Moderator:
Ted Craig, Partner, MJ Hudson

Panellists include:

Edward Lemle, Director, Montana Capital Partners
Daniel Morrison, Private Wealth, Society Generale
Thomas Liaudet, Partner, Campbell Lutyens
Mathieu Drean, Managing Partner, Triago
Christian Boehler, Partner, Akina

4:45pm

Chairperson’s Wrap Up

Karma Samdup, Partner, MJ Hudson

5:00pm

Networking Drinks and Canapés

7:00pm

 

TempoCap invests in RegTech company Onfido

LONDON — A “RegTech” — regulation technology — company founded by three Oxford grads all under 30 has raised $30 million (£22.4 million) from investors including Microsoft’s venture capital arm.

Onfido, an identity verification startup, has raised the “Series C” fundraising from Crane Venture Partners, Microsoft Ventures, TempoCap and Salesforce Ventures, as well as existing investors. It takes the total raised by the London startup to over $60 million.

Onfido was founded in 2012 but only began proper operations around 2 years ago. It uses machine learning technology to help companies like Deliveroo, Zipcar, and Square verify the identity of customers and clients by checking that documents like passports and drivers licences are real.

The company Onfido was set up by three Oxford graduates with an average age of 27. CEO and cofounder Husayn Kassai, 27, told Business Insider: “In many ways, it’s somewhat surreal. We started out as a small startup, starting from zero five years ago having not done this before and just out of university. It’s beyond anything we could have dreamed of.”

From wild animals to passports

Kassai set up Onfido with Eamon Jubbawy, 25, and Ruhul Amin, 29. The idea for the company was originally based on Amin’s university thesis.

“Ruhul, his university thesis was using computer vision and machine learning to spot wildlife in a series of 25,000 photos of the jungle,” Kassai says. That led to brainstorming about what else the technology could be used for.

Onfido's document capture technology.Onfido’s technology in action. Onfido

“An important part of identity verification, a key component will be a document check. That is all about pattern recognition. Given that smartphones are used, documents can be held at an angle — all these kinds of things — that’s where our applications are particularly strong,” Kassai says.

Onfido began trying to apply Amin’s technology to document checking in 2012 but there was a lot of hard graft to get the company off the ground.

“As with any technology, you need a lot of data to help it get stronger,” Kassai explains. “It was almost three years ago that the data set that we had was significantly large to make our technology perform better than the human eye or other providers. What’s happened since is that with everything single pattern check it gets stronger and better.”

Today, Onfido employs a team of 10 machine learning engineers, all with PhDs. “Machine learning” has become a buzzword in tech this year but Kassai is quick to add: “They’re real practitioners.”

Onfido provides document checks for around 1,500 companies, most in the financial services sector, the sharing economy, or the gig economy. (The company, which is approved by the Home Office, ran identity checks for Uber drivers until Transport for London recently mandated that all private hire companies use the same identity checker.)

‘It’s a continuous learning curve’

Kassai and his cofounders may have a handle on the technology, how do they manage the job of running a fast-growing company at such a young age?

Onfido's machine learning teamOnfido’s machine learning team. Onfido

“There are many cases, usually where it’s our first time doing something,” Kassai admits. “It’s a continuous learning curve.”

But he adds: “An advantage of being young is we rely on each other as cofounders all the time and continuously consult and share ideas. And we are heavily reliant on advisors and senior team leaders and others who have done it before. We have to be resourceful and we have fortunately been able to do so.”

Sometimes their youth can also play to their advantage in hiring, he says.

“When you’re trying to recruit people and sitting across the table from some of the best people in the world, it helps if you’re upfront with them and say, ‘We can’t hide the fact that we’re young, however, if you join us you’d be valued and you’d be empowered to deliver, because we don’t know how to do it any other way.’ That, I think, turns it into an advantage.”

Onfido targets Latin America

Onfido’s latest $30 million funding injection follows a $25 million investment last April. Kassai says the latest funding will go towards technology investment and global expansion.

“We are a team of about 150 and half the team, roughly, is on the technology side. We’re solving a very complex problem so obviously, we need a lot of investment in that.”

He adds: “The other part of it will be investing in global expansion. Our core markets are the US, UK, and India. We’re going to be investing even more in the US because it’s our largest and fastest growing market. But equally Latin America. Particularly with fintechs, we’re getting more and more clients [there] so we want to be putting more resources to expand on a global scale too.”

Kassai said he couldn’t comment on Onfido’s valuation in the latest fundraising.