
Banexi Ventures Partners backs Adyoulike
Banexi Ventures Partners has led a €1.2m series-A round funding for French online advertising start-up Adyoulike.
Banexi Ventures first came into contact with Adyoulike when the company began a world tour in 2012. Adyoulike and Banexi shared the same vision regarding development plans for the company, leading to the series-A round.
The venture capital firm prefers to know the management of a company for at least 18 months prior to closing a deal. In this case it took approximately 12-18 months from start of negotiations to the finalised deal.
The fresh capital will be used to accelerate Adyoulike's growth in France, to build a larger team and to penetrate European and international markets.
Furthermore, the company will open up operations in Brazil and the UK. The London office will open in April 2013. Adyoulike is currently building partnerships with Brazilian firms, the firm's CEO told unquote".
Company
Founded in 2011, Adyoulike specialises in online advertising through interactive formats. The company aims to deliver interactivity to brands by integrating the ad directly into the editorial content. It notably delivers more than 30 million display and video advertising captchas for hundreds of different websites.
Based in Neuilly-sur-Seine, Adyoulike has a turnover of nearly €1m.
People
Philippe Herbert is a partner at Banexi. Julien Verdier is the CEO of Adyoulike.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater