Welcome!

News Feed Item

Ariadne Capital Advises on More Than £50 million of Investment into European High-Growth Digital Enablers During 2013

LONDON, January 22, 2014 /PRNewswire/ --


Builds Senior Executive Team to Seize Financial Services Technology Entrepreneurship Funding Opportunity

Ariadne Capital, founded in 2000 and backed by 62 leading technology and private equity entrepreneurs, today announced more than £50 million of investments on which it has advised in 2013.  

In 2013,  Ariadne also expanded its team of Directors to include Paul Burniston as CFO and a Partner in the Ariadne Capital Entrepreneurs Fund. Burniston, who was COO at Interactive Investor for 9 years and AMP for 5 years, joined Amit Pau (ex AT&T, MD - Vodafone) who joined in 2012 and Ian Findlay, Director of M&A (ex EMAP) in 2008.

Backing financial services technology entrepreneurship

Building on its 13 year track record of backing high growth companies with disruptive economic models, Ariadne is currently focused on financial services technology firms both at the seed and early stage / series A through the Ariadne Capital Entrepreneurs Fund (target £50 million AUM) as well as advising later stage, globally expanding firms through Ariadne Capital Corporate Finance.  

Ariadne, which advised Monitise (NASDAQ MONIF) that today has a market capitalisation of £1.2 billion, co-advised on the £30 million funding round into Seamless, a rapidly growing Swedish mobile payments firm, listed on the Stockholm Stock Exchange with a £174.30 million market capitalisation, which closed in November 2013.  

Ariadne is also  a shareholder in Moneydashboard which secured £2.7 million of funding from Calculus Capital in November 2013,  was the sole financial advisor to financial services price comparison engine BeatThatQuote on its 122 EBITDA multiple exit to Google in 2011, and was an advisor and shareholder to Zopa the peer to peer lending exchange in its early years.  

Financing that matches European ambition

Julie Meyer MBE, Chairman and CEO of Ariadne Capital says: "Europe has some outstanding entrepreneurs and management teams. I set up Ariadne Capital at the beginning of the post dotcom downturn to ensure that they get the financing that matches their ambition."

During 2013, Ariadne Capital also advised on:

  • The £2.4 million funding of leading Finnish mediatech firm Scoopshot, which provides an assignment tool for photographers globally, by Conor Venture Partners and Finnish Industry Investment
  • The funding of Cardiff-based Object Matrix, by leading tech investor, Bob Morton, which provides near-line plug and play storage solutions for major broadcasters
  • The funding of Lime & Tonic, the global experience company with a city wide network
  • The investment into PIE Mapping, a big data play in the transport market that provides routing solutions

It has also secured:

  • more than £1.5 million of financing  through its EntrepreneurCountry Crowdcube Partnership for start-ups, and
  • term sheets for a further £4  million of deals that will complete in early 2014

M&A is the new R&D

Ian Findlay,  Ariadne's Director of M&A, says:  "M&A is the new R&D, and early-stage firms can - despite their relatively low P&L value - have a disproportionate impact on the companies that embrace them. The key for us when advising a management team is to focus and articulate the `strategic fit` - the value that the young, digital firm brings to the larger enterprise which has the distribution required for the start-up to scale."

"We see a landscape of collaborative company-building between the Digital David's and the Goliaths who are the 'highway' for digital cars who need distribution, scale, reach and audience," Julie Meyer added.

Amit Pau, Director, Ariadne Capital and EntrepreneurCountry, adds: "Technology is no longer an industry; it is a layer across all industries," adds "Whether banks, telcos, retailers or newspaper groups, the 'digital enablers' that we fund - and secure funding for -are transforming the established industries."

NOTES TO EDITORS:

About Ariadne Capital

Ariadne Capital is the investment firm founded by Julie Meyer in 2000 with 62 other leading entrepreneurs such as the founders of Easynet, Hotmail, WorldPay, SES Astra, Staffware, Element 14, Brokat, ENBA, NetPartners, SportingBet and BetFair. Ariadne pioneered the 'Entrepreneurs Backing Entrepreneurs' model for the financing of entrepreneurship at the institutional level in Europe in 2000, has syndicated £300m of investments, manages the Ariadne Capital Entrepreneurs Fund whose Limited Partners co-invest actively in the portfolio, and has backed several explosive growth companies such as Espotting, Skype, Monitise, Zopa, BeatThatQuote and SoundOut.

Since 2008, Ariadne Capital has advised on more than forty transactions including:

•    22 funding rounds

•    10 sell-side M&A deals

•    7 buy-side M&A deals

For more information please contact:
Ariadne Capital Marketing
Tel:  +44(0)203-021 1641
E-mail:  [email protected]

SOURCE Ariadne Capital

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that Isomorphic Software will exhibit at SYS-CON's [email protected] at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, high-productivity enterprise web applications for any device. SmartClient couples the industry’s broadest, deepest UI component set with a java server framework to deliver an end-...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.