Ring Capital et al. invest €30m in B-Network

Several banking partners also provided funding alongside Ring Capital, according to a statement by the GP.

The funds will help B-Network to accelerate its growth, penetrate international markets (Singapore, Hong Kong and Shanghai), increase its workforce from 85 to around 100 employees in the next 18 months, and strengthen research and development.

Ring Capital held a final close for its €165m maiden fund in June last year. Its tech-focused vehicle typically acquires minority interests. It invests €1-15m either on its own or with co-investors in companies with an enterprise value in the €20-100m range, with €50m being the sweet spot. It manages both early-stage and expansion deals. 

Since its launch, the GP has invested in Adikteev, Linkfluence and Tiller. 

Company
Created in 2005, B-Network operates a software – based on proprietary technology – that provides event planners with hosting plans that take into account all their constraints.

Its services allow clients to book hotel accommodation, set up meetings, and organise events – such as conferences, gala dinners and artist performances – in Paris, Barcelona, Cannes and London. Headquartered in Cannes, B-Network generated revenues of €35m in 2018.

People
Ring Capital – Nicolas Celier, Geoffroy Bragadir (managing partners, co-founders).
B network – Stéphane Filone, Stéphane Teboul (founders).

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