Trafi

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Trafi, the Vilnius and London based multi-modal urban transport platform, on its financing round led by Sumitomo Corporation and Aioi Nissay Dowa Insurance. The two Japanese corporates were joined by existing investors Octopus and the European Bank for Reconstruction and Development (EBRD).

Founded in 2007, Trafi is a technology platform for mobility. Their holistic technology suite enables partners to offer multi-modal transit services and systematically optimize cities., Trafi works with cities such as Berlin, Zurich and Munich, and with leading companies like Lyft, Google, Apple, Gojek and the Volkswagen Group.

David Ford, Managing Director at Silverpeak, said, “Trafi clearly is a leader in multi-modal mobility and its technology is chosen by the most demanding clients. Martynas and the Trafi team continued to execute on their plan even in the current environment, which provided the comfort to the investors to get the transaction done.”

Silverpeak was appointed due to its expertise in the Mobility sector, to advise the company on its financing strategy, aimed at capturing the growth in demand for multi-modal enabling technologies. We approached a range of financial and strategic counterparties who have a strong interest in Mobility investment and then managed the transaction to closing.

Pietro Strada, a Managing Partner at Silverpeak, said, “It’s been a pleasure working with Martynas and helping them on this next step in their journey. They’ve built an amazing platform and we’re excited to follow their progress over the coming years.”

This is Silverpeak’s fourth deal in the Mobility sector in the last two years.

Oxbotica

We also advised Oxbotica on their successful £14m funding in their first institutional investment round in 2018. The additional investment coincides with the appointment of Ozgur Tohumcu as CEO joining from Tantalum and previously Ericsson, who will lead the business on its next chapter of development.

Oxbotica, whose mantra is “any vehicle, any environment, any time” customers include: driverless shuttle trials at Gatwick airport; driverless cargo pods at Heathrow airport; partnering with Addison Lee to bring self-driving taxis to London; and other sectors in every hemisphere.

Paddy MccGwire, Managing Partner at Silverpeak said “ This is our sixth transaction announced in eight weeks. It is great to see this iconic British HQ deep technology global business demonstrating the confidence of its investors so quickly. And I’d like to congratulate Co-Founder CTO Paul Newman, who also is the Director of the Oxford Robotics Institute, on being awarded the prestigious Royal Academy of Engineering Silver Medal.

Loot

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to UK Digital Bank, Loot, on Royal Bank of Scotland/Bó’s investment, who join strategic investor Portage (Wealthsimple) as well as SpeedInvest (investors in Holvi, Curve) and Global Founders Capital (investors in iWoca, Kreditech, Facebook).

RBS has taken a 25 per cent stake via Bó, the digital-only bank it plans to open later this year. Mark Bailie, CEO of Bó, said: “Loot is a really exciting brand and one that we’re proud to be associated with. Through its innovative use of technology and intention to change the status quo, it’s quickly built a following of loyal customers, with potential for rapid future growth.”

Loot launched in 2014 to help students and young people better manage their finances. All verified customers are provided with a pre-paid debit card and offer personal insights into spending patterns, allowing users to set daily or weekly budgets or even put aside money for larger #LootGoals.

Commenting on the transaction, Paddy MccGwire, Managing Partner at Silverpeak, said: “Having advised Loot on this strategic investment by Royal Bank of Scotland, we look forward to working with Ollie and the team on their next phase of growth.”

EFFECT Photonics

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.”

Sentryo

Silverpeak, the technology investment bank, has been instrumental in securing €10M in Series A Financing for the cutting-edge Industrial Internet cybersecurity firm, Sentryo. The funding, which completed in November this year, reflects the growing significance of Sentryo’s distributed technology architecture against the backdrop of increased industrial cybersecurity attacks.

Advice on the valuation of the company and the size of the round was provided by Silverpeak to the Sentryo Board.  Silverpeak’s team of finance experts also delivered strategic guidance prior to approaching the market for investors in Europe and the United States. In order for Sentryo to move forward with its expansion activities in the US from Q2 2018, Silverpeak recommended a two-phase approach for the funding. The first phase with Sopra Steria and BNP Paribas Développement completed in April, and the second tranche with Omnes and Alliance Entreprendre which has just been finalised.

Thierry Rouquet, CEO at Sentryo, said: “It was a pleasure to work with the Silverpeak team across their London and Paris offices. Silverpeak worked tirelessly to close the round and came up with an innovative two step closing which allowed Sentryo to meet its goal by bringing together both financial and strategic investors. We look forward to driving the business forward, including its expansion in the US which the financing in place now allows.”

Sentryo specialises in solutions that protect operational technology from the threat of cyber-attack. The company’s ICS CyberVision platform gives control engineers comprehensive visibility on their systems, detects anomalies and accelerates response to cybersecurity incidents to minimise the impact. The funding will be used to accelerate not only expansion in the US, but across Europe too.

Jean-Michel Deligny, a Senior Advisor at Silverpeak, said: “Industrial cybersecurity is a strategic topic but still an emerging market. Sentryo shows technical excellence as well as a focused indirect selling strategy and is expanding to the US, based on key partnerships with the likes of Cisco and Siemens. This makes Sentryo one the most capital innovative and efficient companies in the business and this is why Silverpeak took on the assignment. As always, Silverpeak showed the sort of tenacity which is needed for a successful financing.”

Alex de Gandt, Director at Silverpeak said: “We explored various financing options, and contacted investors globally, both strategic and financial. In the end, the round brings the best of French investors, to support an ambitious plan to expand in Sentryo’s core European markets, as well as grow in the US. We look forward to continue working with Sentryo as the company accelerates internationally.”

Oxbotica

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.

Scality

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.”

UltraSoC

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.”