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
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. 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 June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
20th Cloud Expo, taking place June 6-8, 2017, 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.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...