Led · Equity · Jul 2024

HR Path provides HR software and services to enterprise clients. The company reported current revenue of about €360 million and has set a target of reaching €700 million in revenue within three years. Management said the firm plans to expand geographically into the Nordic countries and the Middle East. The recent financing and Ardian’s equity investment are intended to fund a buy-and-build strategy of acquisitions and integrations. HR Path secured a mix of senior term debt and a revolving credit facility to support both larger transactions and smaller, bridge needs. The articles do not provide further operational metrics or historical financing details.

Participated · Series B · Mar 2022

Skyports is a London-based company that designs, builds and operates take-off and landing infrastructure for air taxis and operates electric drones. It partners with eVTOL vehicle manufacturers to enable cargo and passenger flight operations in urban and suburban environments. The company is led by CEO Duncan Walker and runs two business lines: Skyports Infrastructure and Skyports Drone Services. Skyports raised £88.6M in a Series C to support developments across both businesses. Skyports Infrastructure will use the funding to build vertiports, supporting a tripartite agreement with Dubai's Roads and Transport Authority and Joby Aviation ahead of air taxi launches in Dubai by 2026 and other markets. Skyports Drone Services will expand recently launched offerings including offshore energy asset deliveries, medical deliveries, linear asset inspections and water quality monitoring. Skyports is a London-based provider of advanced air mobility infrastructure and drone services that builds and operates take-off and landing infrastructure for eVTOL passenger and cargo vehicles. The company partners with vehicle manufacturers to enable safe, sustainable, and efficient flight operations in urban and suburban environments. Skyports also runs drone services operations and has active operations across the U.K., Europe, and Asia. The firm raised new capital to consolidate its position in AAM infrastructure and drone operations markets. Management said the funding will enable scaling of drone services in new and existing markets and help build the air taxi ecosystem alongside vehicle partners. The company emphasizes technology development, regulatory engagement, and operational experience while pursuing emissions reductions by using drones for a range of customers. Skyports is a London-based urban air mobility (UAM) infrastructure provider that secures, designs, builds, owns and operates vertiports and runs end-to-end cargo drone delivery services. It works with electric vertical take-off and landing (eVTOL) passenger and cargo vehicle manufacturers to enable safe and efficient flight operations in urban and suburban environments. The company develops and operates cargo drone deliveries across the medical, e-commerce and logistics sectors and has projects in Europe, North America, Asia and Africa. Skyports raised an extension to its Series A that now totals £6m. It plans to use the funds for site acquisition for passenger and cargo vertiports in cities including Singapore and Los Angeles and to expand its team to fully commercialize its urban and rural drone delivery services. The company is led by CEO Duncan Walker. Led by CEO Duncan Walker, Skyports builds and operates critical infrastructure for urban air mobility and manages end-to-end drone deliveries. The company works with eVTOL passenger and cargo vehicle manufacturers to secure, design, build, own and operate vertiports for safe, efficient flight operations. Skyports develops, implements and operates cargo drone deliveries for medical, e‑commerce and logistics sectors, addressing inefficiencies in traditional transport. It has projects operating across Europe, North America, Asia and Africa. The company intends to use new funds to acquire passenger and cargo vertiport sites worldwide and to further develop its drone delivery business. Skyports also plans to expand its team to pursue full commercialisation of its delivery services.

Led · Equity · Jun 2021

Translated offers a human-machine translation platform built around its proprietary adaptive neural machine translation software ModernMT and a network of 200,000 engaged linguists. The company has provided human translation services for 20 years across 194 languages and 40 areas of expertise. Over the last several years Translated has delivered a consistent 30% organic year-on-year growth rate. Its customer base spans global tech platforms such as Airbnb, Google and Uber as well as small and medium-sized businesses, and more than 50% of its sales are in the US market. The company emphasizes a human-machine symbiosis to improve offerings and speed while maintaining quality. With new capital, Translated plans to scale adoption of its AI-powered platform in Europe and the US.

Led · Equity · May 2019

Ivalua provides a cloud-based, end-to-end procurement platform that gives procurement teams a complete digitized view of the supply chain to manage direct and indirect spend. The platform is used by over 300 companies and manages more than $500 billion in spend. This year Ivalua added AI capabilities including automated contract data capture and an integrated chat and voice assistant to speed reporting and purchasing queries. Founded in France by CEO David Khuat-Duy, the company is based in Paris and Redwood City, CA. Ivalua said it is on pace to exceed $100 million in annual revenue in 2019. The company intends to use new funding to invest in organic product innovation, continue global expansion and possibly pursue strategic acquisitions. Ivalua provides a global Spend Management Cloud and an end-to-end Source-to-Pay (S2P) platform relied on by large enterprises and public sector organizations. Its platform combines a full-suite offering with configurability and flexibility that the company says enables easy vertical integration for complex, multinational needs. Ivalua reports over 250 blue-chip customers, including Honeywell, the City of New York, Veolia, Thales, Orange, Michelin, and Deutsche Telekom, and has been deployed to manage over $500 billion in spend. The product has been recognized by Gartner in its Magic Quadrant for Strategic Sourcing and by SpendMatters SolutionMap for eProcurement. Management highlights high client retention and positions the product as a strategic tool to reduce rogue spending and streamline procurement. The company says it will use the new capital to invest in and innovate its suite and accelerate its pursuit of global leadership in the spend-management market. Ivalua provides SaaS and licence-mode e-buying solutions with 22 integrated modules covering performance management, e-sourcing, e-procurement, and supplier relationship and risk management. Founded in 2000, the company serves customers including Areva, Arcelormittal, PSA, Faurecia, LVMH and Société Générale. It has 64 employees across offices in France, Germany and the United States. Ivalua received a €3M investment from AXA Private Equity intended to accelerate international growth—particularly in the United States—and to consolidate its SaaS offering for the SME market. Founder David Khuat-Duy said AXA Private Equity’s stake will boost international development and the company’s ability to offer innovative e-buying solutions via its R&D teams. The financing supports Ivalua’s expansion and product development plans within the e-buying market.

Led · Equity · Jan 2019

Optimind is an independent consulting firm based in Paris that provides risk management solutions to insurance firms, banks and corporate clients. It offers expertise in qualitative, quantitative and administrative risk management and focuses on five practice areas: Actuarial and Financial Services, Corporate Risk Services, Risk Management, Business Transformation, and Business Process Outsourcing. Led by CEO Christophe Eberlé, the firm has more than 200 employees and generates turnover of €30 million. Optimind raised €25m in funding in a deal in which Ardian became a minority shareholder. The company intends to use the funds to accelerate its expansion through major investments and external growth. The financing is intended to support its planned expansion and continued services to its clients.