FRANCE - Telisma receives further EUR 3m funding

In 2002, Ventech joined previous investors 3i, Innovacom, AGF Private Equity and France Telecom Technologies & Investissement (FTTI) to back a EUR 10.5m second round of funding in Telisma. Ventech provided EUR 2m, while the remaining institutions in the investor group provided EUR 8.5m. Previously 3i, Innovacom, AGF Private Equity and FTTI invested 7.6m in a seed round of funding in August 2000 when the company was founded.

Based in Issy-les-Moulineaux, Telisma designs, develops, and sells speech recognition software products for use in telecommunications applications. The company was founded by Laurent Balaine in 2000, as a spin-off from France Telecom’s research and development laboratory, previously known as CNET. It markets its teliSpeech software to telephone operators and also equips the voice portals for SNCF and TF1. Following its merger with global leaders Scansoft and Nuance in May 2005, the company is positioned as second in its market. With a staff of 65, its turnover is currently below EUR 10m. As a result of this third round of funding, the company plans to strengthen its commercial development in overseas markets.

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• Topics
• Expansion
• France
• Technology