May 2011 - LD&A Ventures advises Limonetik SA in a ? 5.1m fundraising transaction led by Newfund, Orkos Capital and la Financière Norbert DentressanglennLD&A Ventures advised the French company Limonetik in its ?5.1m Series B round led by Newfund, OrkosCapital and la Financière Norbert Dentressangle.
Founded in 2007 in Paris, Limonetik is an innovative payment platform enabling non-bank payments (a market worth billions in Europe) to be spent online. This fundraising will allow Limonetik to enlarge its international presence, invest in R&D to anticipate future innovations in the online payment space, and also extend its offerings with new marketing tools.
Transaction led by Sébastien Descours and Sandrine Vergnory-Mion
"Limonetik developed a breakthrough solution in the online payment space and has clear leadership potential in the European market. The company already has a great track record in the booming segment of online payment by enabling carriers of non-bank payment solutions to spend online. Its platform is structured for dynamic scaling both in France and abroad. Its visionary management convinced Newfund, Orkos and la Financière Dentressangle.
This capital structure perfectly illustrates the extraordinary dynamism of the market for financing the most promising companies concerning growth creation based on disruptive technologies. This dynamic has been reinforced by the emerging of "entrepreneurs' funds" who have succeeded themselves and want to support and finance the economic growth generated by these opportunities.
This first transaction by LD&A Ventures demonstrates its position in advising early stage technology startups in disruptive and emerging sectors of activity", quoted Sébastien Descours, CEO of LD&A Ventures.