123Venture injects $3.3m into Logix Aero

The fresh funding was bolstered by new debt facilities. Logix Aero had already secured investments from family offices in 2010.

The company will use the fresh funding to extend the range of its services, particularly in the repairs management space.

Company
Established in 2009, Logix Aero has designed solutions to optimise the management of spare parts in the aerospace industry. This covers stock financing, repair cycle optimisation and purchases/sales processes.

Based in Caluire Et Cuire, Logix Aero is understood to have generated a €250,000 turnover last year.

People
Barthelemy Renaudin led the deal for 123Venture. Jean-Christian Morin and Jean-Christophe Normand are co-founders of Logix Aero.

Advisers
Equity – Gramond & Associés, Xavier Gramond, Bénédicte Bouvier (Legal).
Company – Eponyme Partners, Fabrice Aurousseau, Baptiste Planat (Corporate finance); Artales Avocats, Jean Goncalves (Legal).

 

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