A Capital invests €5m in Viadeo

The investment comes ahead of Viadeo's upcoming IPO on Euronext Paris. The company has set an indicative price range of €17.10-20.90 for the IPO, which is due to take place on 2 July. Shares are expected to start trading on Euronext Paris on 7 July. It is aiming to raise €35m through the offering.

Viadeo has backing from Idinvest and Ventech, which have supported the company since 2006. BPI France invested €10m in the company in 2012 as part of a €24m funding round alongside existing investors.

Company
Viadeo is a professional social network with 9 million users in France and 60 million members worldwide. The company is present in China through its Tianji business, which has 20 million users. Tianji is managed by a team in China and claims to add 500,000 new members every month.

Established in 2004 and headquartered in Paris, Viadeo reported turnover of €30.1m, a net loss of €13.1m and adjusted EBITDA of €1.1m in 2013.

People
André Loesekrug-Pietri is founder and managing partner of A Capital.

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• Topics
• France
• Expansion
• IDInvest Partners (AGF Private Equity)
• France