Seventure injects €2m into Netino

Seventure's backing will allow Netino to increase its R&D efforts, strengthen its presence in France and expand internationally.

Company
Founded in 2002, Netino specialises in moderating user-generated content on the web, such as blog comments and forums. Netino employs moderating staff able to operate on a 24/7 basis and to moderate content written in several languages. In addition, the company has developed a software tool enabling its moderators to work more efficiently.

The Neuilly-based business employs eight permanent staff and is understood to have generated a €1m turnover in 2011.

People
Jonathan Cohen-Sabban led the deal for Seventure. Jérémie Mani is president of Netino.

Advisers
Equity - Cabinet Jones Day, Renaud Bonnet, Jean-Gabriel Griboul, Rémi Fréon (Legal); Atlays, Stéphane Fay, Julien Wajsbort, Tony Tallandier (Financial due diligence).
Company – Alpha Capital (Corporate finance); Cabinet Vinci, Jérôme Benyounès, Joy Fant (Legal).

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• Topics
• France
• Now researching
• Expansion
• Technology
• France
• Seventure (SPEF)
• Internet