Sefas raises ?2.3 million in fourth round

Investee Company – Sefas Innovation (France)

Investee Company Business Type – Develops high performance software infrastructure for content customisation and document production applications.

Type of Financing – Expansion

Equity Providers – Sofinnova Partners, SPEF Venture, AGF Private Equity and Banque du Louvre.

Equity Leader (Individual) – Luc Maruenda – AGF Private Equity

Debt Providers – N/A

Debt Type – N/A

Debt Leader (Individual) – N/A

Equity Amount – €2.3million

Total Deal Value – €2.3 million

Other Advisors – Legal – Cabinet Itéanu & Associés

Comments – Sefas Innovation has completed a fourth round of financing totalling €2.3million. Investors in this round included Sofinnova Partners, SPEF Venture, AGF Private Equity and Banque du Louvre. This round brings the total financing to €14.3 million.

Sefas Innovation was founded in France over 11 years ago and started international operations in 1999, which now account for over half of the company’s revenue. The company develops and markets high performance infrastructure software for content customisation and document production applications.

Sefa Innovation will use the funds to support the roll-out of a new line of products as an extension to its document production software.

Franck Delorme, general partner at Sofinnova Partners, said: “Our confidence in the new management team and the progress that they have shown in winning significant deals, particularly in the US and UK, have reinforced our belief in both the company and the market potential of their innovative technology. We are excited about the perspectives, and this new funding is the manifestation of our belief in the value of the company.”