Kerogen leads €15m funding round for Ideol

Amundi Private Equity, Sofimac Regions and Paca Investment have also subscribed to new shares in the business.

The fresh capital will be used to accelerate the commercialisation of Ideol's product in key geographies.

Representatives of Kerogen will be joining Ideol's board and will provide the company with access to its international energy sector network.

Ideol simultaneously announced a deal with infrastructure investor Macquarie Capital's Japanese renewable energy development platform Acacia Renewables for a wind turbine development project in Japan.

Previous funding
In June 2011, Oséo along with private investors and French Ministry of Higher Education and Research provided a first round of financing to Ideol, acquiring a minority stake for €1m.

VC firms Demeter Partners, Sofimac Partners and Irdi-Soridec Gestion invested a further €7m in April 2013 and returned alongside Turenne Capital to provide a further €10.1m debt and equity financing.

Tertium Investissements joined the syndicate in May 2016, leading another €3m round prior to Amundi's €8m investment in June 2017.

Company
Founded in 2010, Ideol manufactures and supplies floating platforms for offshore wind farms. The company has expertise in the design of the floating substructure and its mooring system, the supply of the mooring system components, and the monitoring of construction and offshore installation. Based in La Ciotat, France, the company employs around 65 people.

People
Kerogen Capital – Philip Jackson (executive board member).
Amundi Private Equity – Christophe Somaïni (partner).
Ideol – Paul de la Guerivière (CEO).

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