Providence invests €32m in Net Reviews

Providence's growth team, Providence Strategic Growth, is managing the investment and will help Net Reviews expand in Europe and the Americas through a combination of organic growth and strategic acquisitions.

The GP closed its Providence Strategic Growth IV fund on $2bn in September this year. The fund aims to provide growth capital to 15-20 lower-mid-market software and tech companies in North America and Europe. It provides equity tickets in the $5-75m range. 

M Capital, previously known as Midi Capital, invested €2m in the business in 2014.  

Company
Founded in 2012 and based in Marseille, Net Reviews manages a software that enables retailers using e-commerce and omni-channel strategies to collect, display and analyse verified customer reviews. The company trades as Verified Reviews in English-speaking markets, Avis Vérifiés in France, and Opiniones Verificadas in Spain and Latin America. Net Reviews has offices in the US, Spain, Germany and Brazil, and employs 90 people.

People
Providence Strategic Growth – Dany Rammal (managing director).
Net Reviews – Olivier Mouillet, Laurent Abisset, Tom Brami (founding partners).

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• Topics
• Expansion
• France
• Technology
• France
• Providence Equity Partners