FRANCE - Alyotech receives backing from Iris and CDC Entreprises

The two investors join a synidcate including ACE Management, Galileo Partners, Aurel Nextstage and Desjardins Capital Régional et Coopératif.

ACE invested EUR 7m in October 2006, on behalf of Aerofund and Financiere de Brienne, while the remaining venture capital firms committed a total of EUR 9.5m in August 2005.

Following its latest acquisition, Avance of the Netherlands, Alyotech, founded in 2005, now employs over 1,000 staff, generating sales of about EUR 75 million.

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• Topics
• Expansion
• France