Lemon Quest, a Madrid-based developer of games for mobile phones, has received its first round of financing from Debaeque Capital, the venture capital firm managed by Patrick Raibaut. Debaeque has injected EUR 2m and has taken a stake in Lemon Quest with a view to stimulating the creation of the company's international footprint. The three founders of Lemon Quest Ignacio Cavero, Jorge González and Jesus Lozano will retain the majority of the shares.
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake
Following the deal, Plurima's CEO, Luca Marconi, will be appointed as CEO and chair of Log-Os
Calculus Capital invested €2.5m in the media management software provider in 2015
In additon to the equity deployed by Palladio, a debt package was provided by Intesa Sanpaolo