CDC Entreprises et al. in €7m round for E-Blink

This is the first investment for FSN-PME, the €400m venture fund launched by the French State in June last year and managed by CDC Entreprises. The vehicle contributed €3m to the round.

The remainder was provided by existing E-Blink shareholders. Masseran Gestion joined existing investors I-Source, Alven Capital and 360 Capital Partners in a €6m round of financing in December 2010. I-Source and Alven previously invested €2m in 2006, followed later by a €1.6m top-up. The company was also provided with a €140,000 seed round in 2005 from government agency OSEO.

As was already the case for the 2010 funding round, the fresh equity will be used to accelerate international commercial development and support E-Blink's ongoing R&D efforts.

Company
Founded in December 2005 in Boussy Saint-Antoine, E-Blink designs and develops alternative solutions to ease deployment of high points for telecommunications carriers. Its technology simplifies 2G, 3G and 4G mobile telephone networks by replacing cables with low-output aerials in base stations.

People
Daniel Balmisse and Xavier Deleplace led the investment for CDC Entreprises. David Manjarres handled the deal for Masseran Gestion. François Tison and Emanuele Levi represented 360 Capital Partners. Alven Capital and I-Source were represented by Guillaume Aubin and François-René Letourneur respectively.

Advisers
Equity - Chammas & Marcheteau, Denis Marcheteau, Stéphanie Bréjaud (Legal); Penthièvre Finance, Thierry Dutartre (Financial due diligence).
Company - Cabinet Cleach, Jean-Christophe Cleach, Cyrille Decavele (Legal).

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