Go Capital exits Spread

Visiativ will become Spread's new majority owner, with the retaining stake staying with founding managers Virginie Ducreux and Olivier Martineau.

The transaction is the first divestment completed by Go Capital for its first seed vehicle Go Capital Amorçage I, closed in 2013 on €57m.

In April this year, the GP launched its second seed vehicle, Go Capital Amorçage II, which held a first close on €60m. Go Capital currently has an investment capacity of €160m through 6 FCPI funds: Go Capital Amorçage I and II; Ouest Ventures I, II and III; and Loire Valley Invest.

Created in 1987, Visiativ is a software editor helping mid-market businesses complete their digital transition. With around 14,000 clients, it posted €106m in revenues in 2016 and employs 600 people across Switzerland, Morocco and France.

Previous funding
In 2012, Spread received €300,000 in seed funding from Go Capital and business angels. Go Capital invested most of the round, investing from Go Capital Amorçage I, as well as from Go Innovation II, III and IV.

Spread was also later supported by BPI France and the Région Normandie regional fund.

Company
Founded in 2011 by Olivier Martineau and Virgine Ducreux, Spread is a software editor specialised in CRM and digital marketing. Spread has also developed Spread Buttons, a software for the monetisation of social media platforms.

Based in Le Petit-Quevilly, near Rouen, the business employed 25 people and generated €1.2m in revenues in 2016, and claims to have around 350 clients at present.

People
Spread – Virginie Ducreux, Olivier Martineau (co-founding managers).
Visiativ – Laurent Fiard (CEO).
Go Capital – Bruno Guicheux (investment director).

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