Press Release- IntuiLab Raises $3.7M In Series A Funding
Management additions, expansion of marketing and sales initiatives target accelerated growth for IntuiFace
Toulouse, France
and Chicago, IL - February 6th, 2018
With the
assistance of this Series A funding orchestrated by the investment bank Avolta
Partners, IntuiLab's objective is to become the world leader in the segment of
interactive digital signage. The company will expand its inbound marketing
efforts and Web presence, the primary driver for IntuiFace sales to-date, and will
grow its business relationships with major customers (such as Microsoft, SAP,
Colliers, Capgemini) and its partner agencies and integrators (such as
FirstImpression, Zivelo, Popcomms, Accenture), particularly in the United
States which already accounts for 50% of its business.
The
IntuiFace platform, available through a subscription model, enables digital
creation professionals (agencies, integrators, corporate marketing, cultural
institutions) to build, connect, deploy and measure tactile digital experiences
on all types of screens, from tablets to kiosks to video walls, without any
programming.
Vincent
Encontre, Managing Director of IntuiLab, emphasizes the current alignment
between the needs of companies, the massive availability of new screens and the
potential of IntuiFace: "
With
several years of experience in the development of tools for creative professionals,
confirmed by several patents and the international adoption – by technology
leaders - of its solution in more than 85 countries, IntuiLab is strengthened
by the arrival of Jacques Soumeillan, founder of Cameleon Software, acquired by
PROS Inc. in 2014. As Executive President of the company, Soumeillan will be
focusing on sales and growing its network of partners. In addition, IntuiLab's
US subsidiary will relocate to Chicago and will be led by Kurt Haller, a
veteran software sales executive.
Jean-Michel
Petit, Director of Investments at IRDI SORIDEC Gestion, says: "
Julien
Charles-Lavauzelle, Director of Investments at M Capital Partners, confirms:
"
About IRDI SORIDEC Gestion
Based in Toulouse, Montpellier and Bordeaux,
the IRDI management company SORIDEC Gestion provides capital support to
companies based in the south west part of France at all stages of their
development (Seeding, Venture Capital, Capital Development / Transmission) for
a cumulative 300 million euros.
About M Capital Partners
M Capital Partners is an independent French
private equity firm specializing in the financing of SMEs in development and
transmission phases, located in Paris, Toulouse, Marseille, Nice and Lyon. M
Capital Partners manages more than 395 million euros and invests in 5 key
sectors: Health & Well-being, Digital & Media, Brand & Retail,
Smart Industries and Real Estate. M Capital Partners has been named the
"preferred management company of French wealth management advisors"
in the 2016 Fortune Management Awards, and the leading French investor by
Private Equity magazine in 2017.
About AVOLTA Partners
Based in Paris, London, Brussels, Madrid and
Lisbon, created in 2012, Avolta Partners provides independent M&A and
corporate finance advice to leading European high-growth and innovative
companies. Avolta Partners advises high potential companies at all their stages
of development: from Series A to Exits. Avolta Partners has already closed more
than 50 high level transactions in the High-Tech industry.
About IntuiLab
IntuiLab is the creator of IntuiFace, the leading cross-platform software empowering anyone
- of any skill set and in any business - to create, connect, deploy and measure
touch-first digital signage without writing a line of code. Used by 1500
organizations in more than 85 countries and in fields as varied as retail,
events, education, sales, government, and cultural institutions, IntuiFace
accelerates the execution of interactive digitalization strategies for the
physical place. IntuiLab is based in Toulouse and Chicago.
Contact: Geoff Bessin – bessin@intuilab.com
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