Axione

CIC Capital Privé has been the sole investor to back a EUR 2.6m first round of start-up funding to support the development of Axione via its investment vehicles CIC Innovation II and Crédit Mutuel Innovation. CIC Capital Privé originally heard of the opportunity to invest in the company when an individual from Axione with an account at CIC informed the bank that it was looking to raise funds. The deal took five months to complete and was finalised on 10 February 2004. Details regarding the new shareholding structure of the company remain confidential.

In December 2003, CIC Capital Privé announced a final close on its EUR 23m fund, bringing the firm’s total funds under management to EUR 60m.

Company

Situated in Paris, Axione employs a staff of 11 and was established in July 2003 by Pierre-Eric Saint André and three associates. The company is an independent telephone operator.

People

Jean-Philippe Reboul and Alexandre Azan coordinated the investment on behalf of CIC Capital Privé. The investment team at CIC Capital Privé comprises four investment professionals. In September 2003, the company announced the recruitment of Stéphane Pesqué as an investment manager.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France