Transaction
Limonetik raises €5m
Date
May, 2011
Sectors
Fintech
Deal type
Private Placement
Deal locations
France
Deal Team
_JPG.avif)
Sandrine
Vergnory-Mion
M&A Advisory
Background
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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.
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Newfund is an innovative €72 million growth capital fund managed by Newfund Management, a company approved by the AMF.
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Orkos Capital is an independent venture capital management firm specializing in information and communications technologies. Orkos Capital actively supports leading European companies in the telecommunications, media, internet, mobile services, and other sectors. Furthermore, Orkos Capital, in collaboration with Bruno Bonnell, is preparing to launch the first European fund dedicated to service robotics, Robolution Capital.
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Financière Norbert d'Entressangle is the Family Office of the Norbert d'Entressangle Group.
Process
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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.