Success Stories
gate5 - Trade-sale to Nokia (2006)
- Specialist of mapping applications on mobile phones.
- Based in Berlin, Germany.
- Innoven lead investor of a 4.5M€ fundraising in December 2003.
- Main shareholder of Gate5.
- Global investment : 4.7M€.
- Co - investor: Target Partners.
- Significant growth in the turnover with the GPS manufacturers and important partnerships with major phone manufacturers and telecom operators.
- Gate5 acquisition in October 2006 by Nokia, in the frame of its new services strategy and its range of GPS mobile phones (N95).
- Innoven Funds registered a multiple of 9.3 and an IRR of ~140%.
Digiplug – Trade-sale to Faith (2002)
- Specialist of media applications on mobile phone.
- Based in Paris, France.
- Innoven lead investor of a of 2.7M€ round of financing in December 2000.
- 2nd shareholder of Digiplug, with two (out of five) seats on the Supervisory Board.
- Acquisition in August 2002 by Faith, Japanese leader of the sector, as part of its expansion in Europe and in order to complement its I-mode technology.
- Innoven Funds registered a multiple of 1.6 and an IRR of ~40% .
Marcopoly – Trade-sale to France Telecom (2000)
- E-business Website (computers, household appliances, hi-fi, TV, video).
- Based in Garges-lès-Gonesse, France.
- Innoven: lead investor of a € 1.8M fundraising in May 1999 & major shareholder of Marcopoly.
- Exponential turnover growth, following launch in 1998.
- Acquisition of Marcopoly in March 2000 by France Telecom.
- Innoven Funds registered a multiple of 3.6 and an IRR of 470%.