It’s been a busy period in the TempoCap portfolio.
In August, portfolio company Remade, a leader in the refurbished smartphones market, announced it had raised €125m of debt funding from LGT European Capital, Idinvest Partners and Swen Capital.
The new funding could potentially allow Remade to almost double the number of refurbished phones in its two factories in Normandy, from 500,000 units to 840,000 in 2018.
The boost will also enable Remade to expand further in Europe as well as in the US, Africa and India.
This announcement was followed by the news in September that Launchmetrics, the leading marketing software and data analytics company for the Fashion, Luxury and Cosmetics (FLC) industries, had closed $50m in financing.
The funding will support the business as it looks to grow from $25m to $100m in revenue over the next 4 years through an organic growth and strategic M&A program.
Olav Ostin, Founder and Managing Partner of TempoCap, comments:
“Both Remade and Launchmetrics have the potential for rapid expansion and are leaders in their respective fields. At TempoCap we are passionate about investing in transformational technology businesses in Europe and these latest rounds of fundraising within the portfolio demonstrate the strength of our portfolio.”
To discuss our approach to investing, and how we support founders who are leveraging technology to address big markets and serve the needs of customers, contact the investment team at email@example.com