Silverpeak advises EFFECT Photonics on its Series B funding

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to EFFECT Photonics B.V., a leading developer of high performance DWDM optical components based on its optical System-on-Chip, on its Series B funding round led by Innovation Industries.

The funding round accelerates the ramp of its tunable SFP production line and the development of future technologies. EFFECT addresses the need for low-cost, wavelength-tunable optical transceivers with industrial temperature specification to be deployed within the next generation 5G mobile infrastructure, as well as in other networking applications. The global market demand for optical transceivers is expected to grow to $12bn by 2023, from $6bn in 2017 (Lightcounting, 2018).

Silverpeak worked with the company as financial advisor supporting it during the entire process: from the preparation phase, to identifying and contacting a global array of knowledgeable investors, to negotiating the deal terms, through to completion.

James Regan, CEO of EFFECT Photonics, said: “Silverpeak’s deep understanding of optical technologies combined with their relationships in the global investor landscape proved invaluable. They showed total dedication throughout the process and their expertise and advice were instrumental in closing this round of financing for our growth phase.”

Pietro Strada, Managing Partner at Silverpeak and leading the mandate, added: “We are proud to have worked with James and the whole EFFECT Photonics management team and Supervisory Board at this pivotal stage in the company’s trajectory. EFFECT Photonics is at the global forefront of ultra-fast optical integrated circuits and are well placed to take advantage of the huge opportunities in their space.”

Nard Sintenie, General Partner at Innovation Industries, said: “We are delighted to have invested in EFFECT Photonics. We believe that the company and the deal process benefitted from Silverpeak’s assistance and enjoyed working with them.”

Silverpeak advises smart ticketing technology provider Ticketer on investment by Tenzing

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Ticketer, the UK’s leading provider of bus ticketing technology, on its investment by Tenzing Private Equity

Since entering the market in 2010, Ticketer has grown to become the UK market leader at the forefront of smart electronic ticketing technology across the bus sector. Ticketer’s software enables passengers to use the latest payments technologies, whilst providing bus operators with real-time performance insights to improve efficiency, service levels and profitability.

Widely renowned as the most innovative provider in the industry, Ticketer’s clients include some of the largest national operators, including First Bus, Arriva, and Go-Ahead, and some 70% of the UK’s regional operators. The company has achieved outstanding revenue growth of over 50% year-on-year over the last three years.

Tenzing has backed the senior management team, led by John Clarfelt and Gordon Montgomery. Together with its Entrepreneurs Panel, Tenzing will support the team’s ambition to grow the business in the UK and internationally.

Silverpeak worked with the company as lead advisor to map the marketplace, identify and contact potential investors and negotiate a transaction through to final completion.

Gordon Montgomery, Co-founder and Executive Chairman of Ticketer, said: “Silverpeak were incredibly professional and supportive throughout. They went above and beyond in helping to get the deal over the line.”

David Ford, Director at Silverpeak, said “With the current growth in Smart Transit and Mobility-as-a-Service, Ticketer has many opportunities to help its clients produce better transport experiences. Working with the great team at Tenzing will help them achieve that much faster.”

Pietro Strada, Managing Partner at Silverpeak added, “We are very proud to have worked on this transaction with John, Gordon and the whole Ticketer team.”

This is the fourth transaction for Silverpeak in the mobility sector following the fundraising announced last month for Oxbotica, the autonomous vehicle software company.

 

Silverpeak advises Oxbotica on £14m funding to accelerate deployment of self-driving vehicles

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Oxbotica, the autonomous vehicle software company, on a £14 million round of funding to support the next stage of its growth strategy. Funds were secured from three leading investors: IP Group plc, Parkwalk Advisors and AXA XL (formerly XL Catlin).

The autonomous vehicle software developer will use the funding to scale its activities in Europe, Asia and the US market, further accelerating Oxbotica’s sustained growth. Oxbotica’s customers include some of the world’s most prominent businesses in sectors including aerospace, automotive, construction, logistics and mining. Its software has been deployed across multiple industry-leading projects where the future application of autonomy is being trialled, such as with Ocado, at Heathrow Airport and on major city streets.

Based in Oxford, Oxbotica was founded in 2014 by Professors Paul Newman and Ingmar Posner. Oxbotica’s software uses the latest in computer vision, machine learning and artificial intelligence to enable vehicles to operate autonomously in any environment and on any terrain. This has made it an attractive solution for many enterprises looking to increase efficiency, productivity and safety.

Silverpeak worked with the company as lead advisor over six months to identify and contact a global array of potential investors creating a competitive selection.

Clive Scrivener, Chairman of Oxbotica, said: “Silverpeak ran a full process and provided us with a choice of investment options. We are delighted with the investment partners we have brought on board.”

Paddy MccGwire, the Managing Partner leading for Silverpeak added, “It was a pleasure working with a world class team. We are very impressed with the way Oxbotica has been built so far, and this funding will unleash the next stage of planned development. This is a truly exciting company.”

Paul Newman, Co-Founder of Oxbotica, said: “The domain-agnostic design of our technology, as well as its independence from external infrastructure such as GPS, makes it uniquely versatile across a range of industries. This has allowed us to trade from day one, attracting a significant blue-chip customer base.
“Together with our customers and partners, my fellow founder Ingmar Posner and I look forward to taking our technology – and our products – to the next level.”

Graeme Smith, CEO of Oxbotica, said: “We are on a mission to bring autonomous software to the world’s biggest markets. We have already seen extraordinary demand from a range of sectors and markets, with the successful deployment of our technology across a strong customer base over the previous four years.
“This injection of funds comes as we move the business into its next growth phase, enabling us to deliver our ambitious plans to scale our capabilities and international presence. To help us achieve this, we are very pleased to welcome our investors to the company and Jamie Vollbracht from IP Group on to our board.”

Jamie Vollbracht, Cleantech Partner at IP Group, said: “IP Group is extremely excited about Oxbotica; the company’s highly differentiated approach unlocks a wealth of opportunities. Impressively, by winning substantial contracts with major customers, Oxbotica has been able to fund activities to date without the need for investment. IP Group is therefore delighted to have been selected by Oxbotica as its investment partner as it looks to capitalise on the next phase of growth. I’m very much looking forward to working with the rest of the board and wider team to help capture the many benefits of this technology for all stakeholders.”

Gowling WLG, who have had a relationship with Oxbotica since the spin-out, were lawyers to the company.

 

Winners announced at Silverpeak sponsored Enterprise Awards

The Silverpeak team were delighted to attend the 8th WCIT Enterprise Awards dinner last night to celebrate some of the most successful technology entrepreneurs in the UK & Ireland

Congratulations to all the finalists & winners.

Young Entrepreneur
Ben Grech, Uniplaces
Andrew Murkerjee, Brisqq
Tim Sadler, Tessian (WINNER)
Charles Taylor, Debut
Imogen Wethered, Qudini (WINNER)

Evergreen Entrepreneur 
David Cocks, CloudTrade
Jeffrey Kofman, Trint
Jeremy Wood, Legerity (WINNER)

Female Entrepreneur
Rachel Carrell, Koru Kids
Sheri Jacobson, Harley Therapy
Lilia Stoyanov, Transformify (WINNER)

Social Enterprise Entrepreneur    
Rachel Carrell, Koru Kids
Nic Cary, Blockchain
Katie Massie-Taylor, MusH
Graeme Risby, Hiyacar
James Walker, Resolver (WINNER)
Alice Weightman, The Work Crowd
Public Sector Entrepreneur 
Jason Fahy, MYGOV
James Herbert, NotBinary (WINNER)
Priya Lakhani, Century Tech
Frances Toye, Unilink Software

Emerging Entrepreneur – Finalists
George Bevis, Tide (WINNER)
Steve Callanan, WIREWAX
Jeffrey Kofman, Trint
Tim Sadler, Tessian
Robert Sewell, SmartFrame Technologies

Developing Entrepreneur 
Peter Baumann, Active Navigation
David Griffiths, Fiscal Technologies
Vishal Marria, Quantexa (WINNER)
Jeremy Wood, Legerity

Scale Up Entrepreneur         
John Bates, Eggplant
Peter Baumann, Active Navigation
Nic Cary, Blockchain
Matthew Elson, SHE Software
Vishal Marria, Quantexa
Terry Walby, Thoughtonomy (WINNER)
James Walker, Resolver

Enterprise Entrepreneur 
Richard Jeffery, ActiveOps (WINNER)
Crispin Moger, Marmalade
David Poole, Symphony Ventures
Sean Taylor, Redwood Technologies Group

Listed Company Entrepreneur 
David Richards, WANdisco (WINNER)

Judges Special Award 
Nic Cary, Blockchain (WINNER)
Priya Lakhani, Century Tech

Mentor of the Year
John O’Connell, Scaleup Group (WINNER)

Silverpeak advises Scality on $60m funding round

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Scality, a leader in software for distributed file and object storage and multi-cloud data control, on an additional $60 million round of funding to continue executing on its technology innovation strategy as it makes multi-cloud real for its customers.

This latest funding round, which brings the company’s total funding to date to $152 million, includes participation from all existing investors, Scality staff, and a new investor, Harbert European Growth Capital.

Recognized as a leader in distributed file and object storage by Gartner and IDC, Scality builds the most powerful storage tools to make data easy to protect, search and manage anytime, on any cloud. It gives customers the freedom and control necessary to be competitive in a data driven economy.

Silverpeak worked with the company as lead adviser to identify and contact potential investors and negotiate a transaction through to final completion. Silverpeak had a key role in helping Scality to articulate its story to investors, in terms of both strategic positioning and financial trajectory. Silverpeak approached a broad range of international investors to support the growth of the company and the launch of its multi-public cloud product Zenko. The process helped the company target both growth investors and large venture funds willing to back the new product.

The syndicate assembled reflects the performance of the company and its growing role in helping clients make best use of different public cloud providers.

Jerome Lecat, CEO of Scality said, “Silverpeak proved invaluable in approaching investors in all geographies. They really helped in refining the Scality story and packaging it in a way that was easily understood by investors. Working with Silverpeak was seamless, especially working on a cross-Atlantic situation such as Scality and that proved a successful combination.”

Jean-Michel Deligny, the Managing Director at Silverpeak leading the process added, “Scality is unique as the only independent software vendor in data management software which has made it to the top quadrant in Gartner’s research. The challenge of the fund-raising was to get recognition from investors while Scality is in the process of launching its industry-first multi-public cloud SaaS product. The syndicate supports this continuing expansion of the company, which already operates successfully in Europe, the US and Japan.”

Silverpeak Benchmark Report Q3 2017

Welcome to the latest edition of the Silverpeak Benchmark report – Application Software Sector, a review of key company valuation metrics in the US, UK and European application software sectors. By reviewing sector median averages, our aim is to provide a set of software industry benchmarks against which individual company performance can be measured.

Silverpeak Benchmark Report Q3 2017

 

Silverpeak advises UltraSoc on equity funding round

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to UltraSoC, an independent provider of SoC infrastructure based in Cambridge, in its £5m funding round to drive continued deployment of its technology and realize its vision of embedding intelligent analytics capabilities into every silicon chip.

Atlante Tech leads a strong line up of new investors including Enso Ventures, Oxford Capital, and successful CEO & serial entrepreneur Guillaume d’Eyssautier, who join existing investors Octopus Ventures and South East Seed Fund (FSE Group).

UltraSoC’s semiconductor intellectual property (SIP) enables designers to easily and cost-effectively create complex SoCs (systems on chip) with built-in intelligence that continuously monitors and responds to real-world behaviour. This allows SoCs to optimize power consumption and performance and deal with security threats or safety breaches.

Successful development of the company’s debug tools and increased awareness of the technology’s potential benefits has meant a series of significant commercial engagements, with more in the pipeline. Amongst others, HiSilicon (Huawei), Imagination Technologies, Movidius (now Intel), and Microsemi have all licensed UltraSoC technology for use in their designs, delivering proven hardware-embedded benefits to their customers. To ensure these benefits are accessible to customers in all sectors across the globe, UltraSoC partners with leading names in the semiconductor industry including ARM, Baysand, Cadence/Tensilica, CEVA, Codasip, Lauterbach, MIPS and Teledyne LeCroy.

UltraSoC was named one of the 100 most exciting companies in the UK in the 2016 Mishcon de Reya CityAM “Leap 100” list, and nominated by Gartner as one of its 2016 “Cool Vendors”. It was recognized as “Best New Company” in the 2015 ELEKTRA Awards.

Silverpeak worked with the company as their exclusive financial advisor.

Rupert Baines, CEO of UltraSoC said: “Silverpeak were key in this process, to which they brought a unique understanding of our business and industry, their relationships with investors and strategic players, intelligent deal execution and structuring, and unflinching dedication. As an added benefit, we truly enjoyed working with them.”

Pietro Strada, the Managing Partner at Silverpeak leading the process, added: “UltraSoC has unique technology that is integral to the evolution of the most complex semiconductor chips: it offers a great investment opportunity. This deal has been successful due to the positive collaboration between the Silverpeak team and UltraSoC’s Board and CEO, whom we thank for the opportunity to advise them.”

For more information please contact Pietro Strada: ps@silverpeakib.com
For more information about UltraSoC, please visit www.ultrasoc.com