Independent VC-firm, investing within the fields of Energy, Advanced Materials, Smart Transportation and IoT.
We invest in teams who have developed superior solutions or business models to solve global challenges in the fields of Energy, Advanced materials, Smart transportation and IoT.
We actively contribute to the success of the teams we support by leveraging our networks and opening partnership opportunities with our corporate sponsors.
“Aster Capital has been very active in helping Ecofactor connect to their strategic investors which is already producing valuable opportunities for the company”
We are an independent VC-firm managing several funds raised from large European corporations and institutional investors. We combine the expertise of an independent financial investors with the deep sector expertise of a multi-corporate VC.
We are committed with our Sponsors to support our portfolio companies by engaging in technology or commercial partnerships.
“Aster capital involvement is a major opportunity for Lucibel to build fruitful partnerships with Aster’s corporate sponsors”
“We have been very impressed by Aster’s team reactivity and capacity to close quickly this investment. We are excited to have them as an investor…”
“Aster capital has been a superb resource for Ioxus, offering sage advice in energy technology space and opening doors for us
to customers in Europe”
Based in San Francisco, Beijing, Tel Aviv, Nairobi and Paris, venture capital firm Aster continues its specialisation in transforming industrial models and enriches its international presence by announcing three appointments. Andreas von Richter, a renowned expert in mobility, energy and industry 4.0, has been appointed as a Partner. Fabio Lancellotti, previously a Principal, has been promoted to Partner. Pierre-Luc Joffre has left Bain&Company to become a Senior Associate.
brings renowned expertise in the mobility, energy and industry 4.0 sectors along with excellent understanding of the innovation ecosystems in Europe and Israel. He will contribute to Aster’s European hedging strategy, particularly by supporting the firm as it sets up operations in Germany in 2017, where Aster already has made ten or so investments.
“The energiewende – the energy transition in German – has made the energy and Internet of Things markets particularly promising. Thanks to these high quality technologies along with renowned expertise and infrastructure, Germany has the world’s greatest expansion potential in transport, renewable energies and the digitalisation of manufacturing,” explains Andreas von Richter, Partner at Aster.
along with his expertise in the sustainable development sector, attested to by a Master of Science in Environmental Economics from Imperial College London.
“At Aster, we look closely at the initiatives in new technologies and digital, which are increasingly changing the playing field – particularly in the energy and transport sectors. We intend to identify the best technologies and provide these with capital as well as advising and access to partnerships with our sponsors to accelerate their development,” says Pierre-Luc Joffre, Senior Associate at Aster.
With a degree from Politecnico engineering school in Milan and an MBA earned between IESE Business School and the London Business School, he joined Aster in October 2010. He has progressively taken on developing new activities at Aster, particularly in the cloud/data centres, and has become the point of reference on the team for investment opportunities in Software as a Service (SaaS) in the sectors targeted by Aster. He represents Aster in several investments: Customer Matrix (France/US), Iceotope (UK), Atlantium (Israel) and Teem Photonics (France).
By welcoming experts with high added value onto its team, Aster confirms its strategy of growth organized as a business hub – a new generation of growth accelerator for startups.
“Andreas von Richter is a key expert in Germany on renewable energies and transport. He will contribute his knowledge of the German market so as to reach the most promising areas and develop our network for the benefit of high-potential startups. Pierre-Luc Joffre will develop a new expertise – environmental technologies – which is consistent with and complementary to our core activity. His arrival will allow us to promote Aster’s value proposition to new industrial players and strengthen our geographical coverage in Europe and the United Kingdom,” says Jean-Marc Bally, Managing Partner of Aster.
Ludwigshafen, Germany, and Amsterdam, Netherlands – October 07, 2016 – BASF and Avantium, the renewable chemistry company, today announced the formation of a new joint venture (JV) for the production and marketing of furandicarboxylic acid (FDCA), which is produced from renewable resources, as well as the marketing of polyethylenefuranoate (PEF) based on the new chemical building block FDCA.
The aim of the JV named Synvina® with headquarter in Amsterdam, The Netherlands, is to build up world-leading positions in FDCA and PEF. It is planned to invest a medium three-digit million Euro sum to build a reference plant with an annual capacity of up to 50,000 metric tons per year at BASF’s Verbund site in Antwerp, Belgium, and to license the technology for industrial scale production. Synvina will use the YXY process® developed by Avantium for the production of FDCA.
Industry experts consider bio-based FDCA to be a promising platform chemical and a building block for various downstream products and applications. Most significantly, FDCA is used for the production of PEF, a polyester suitable for food and beverage packaging as well as for fibers for carpets and textiles. For the packaging industry, PEF offers better characteristics in comparison to conventional plastics, such as improved barrier properties for gases like carbon dioxide and oxygen, leading to a longer shelf life of packaged products. It also offers a higher mechanical strength, thus thinner PEF packaging can be produced and fewer resources are required. PEF is suitable for foil pouches, bottles for carbonated and non-carbonated soft drinks, water, dairy products, still and sports drinks and alcoholic beverages as well as personal and home care products. Alongside the polyester PEF, FDCA can be processed to polyamides for engineering plastics and fibers, to polyurethanes for foams, coatings and adhesives and to esters for personal care products and lubricants.
Synvina will continue Avantium’s established partnering activities with leading brands associated with FDCA and PEF. The goal of the cooperation platform is to develop a complete supply chain for PEF as sustainable bio-based packaging material. Together with Toyobo, the companies will jointly boost the PEF polymerization and further develop PEF films for food packaging, in electronics applications such as displays or solar panels, industrial and medical packages. With Mitsui, Synvina will work on developing PEF thin films and PEF bottles in Japan. Furthermore, Synvina aims to continue the development partnerships with The Coca-Cola Company, Danone, ALPLA and other companies on the Joint Development Platform for PEF bottles.
“With Synvina we’ll enter the promising business with FDCA and PEF and to support our customers in the various industries to create value. We strongly believe that the future belongs to these products based on renewable resources. They combine superior characteristics with a production process based on renewable feedstock”, said Dr. Stefan Blank, President of BASF’s Intermediates division. “Synvina is an innovative, entrepreneurial and highly competent, young company with an excellent starting position from which to build a globally leading role in FDCA and PEF.”
“FDCA is a sleeping giant with huge potential. Although it was first produced in the 1950s, it has never been successfully developed and brought to market until now”, said Tom van Aken, Chief Executive Officer of Avantium, and continued: “I strongly believe that Synvina will wake up that sleeping giant and make it available for industrial use. With the development of a proven FDCA production process, and the construction of a strong partnering and cooperation network, Avantium has provided Synvina with all necessary prerequisites. It will benefit from BASF’s expertise in market development and large-scale production and as a reliable chemical company in the business of intermediates and polymers.”
About Avantium: Avantium is a leading chemical technology company and a forerunner in renewable chemistry. Together with its partners around the world, Avantium develops efficient processes and sustainable products made from biobased materials. Avantium offers a breeding ground for revolutionary renewable chemistry solutions. From invention to commercially viable production processes. One of Avantium’s many success stories is YXY technology®, with which they created PEF: a completely new, high-quality plastic made from plant-based industrial sugars. PEF is 100% recyclable. It therefore offers a cost-effective solution to make anything from a wide range of plastic bottles and packaging to fibers. YXY is the most advanced technology, but Avantium is also working on a host of other groundbreaking projects and is providing advanced catalysis research services and systems to the leading chemical and petrochemical companies. Avantium’s offices and headquarters are based in Amsterdam, the Netherlands. Further information at www.avantium.com
Paris and Singapore, Sept 26, 2016 – FINALCAD, a global leader in mobile construction apps and predictive analytics for the field, today announced that it has raised $20 million in Series B round led by Serena Capital, Caphorn Invest and Aster Capital. Investment will fuel international business growth, expansion into new sectors and advanced research and development.
The construction industry, currently a $9.5 trillion market expected to nearly double by 2030*, is among the least digitized industries**. “In five years, FINALCAD has responded to tremendous demand for mobile apps for the field, in Europe, Asia and Americas.” said Jimmy Louchart, co-founder and CEO of FINALCAD. “With this new round of funding, FINALCAD is poised to scale for this growing demand happening within a growing global market.”
FINALCAD is planning to use the funding for international business development, as well as expanding new sectors such as civil infrastructures and energy. New funding will also fuel research and development for furthering advanced fields : smart data analytics, artificial intelligence for objects recognition, augmented reality linked to BIM models, digitization of lean construction processes, and open API interoperability.
Launched 5 years ago, FINALCAD has seen rapid growth*** globally with more than 10,000 projects delivered to date in 30 countries, totaling more than 20 million jobsite observations and nearly 10 million photos. FINALCAD is used by global contractors such as Bouygues, Daewoo Engineering & Construction, Eiffage, Fujita Corporation, Shimizu Corporation, Takenaka Corporation, VINCI, infrastructure operators like RATP Group, as well as architects, and owners, such as Capitaland and Swire Properties. FINALCAD’s customers improve quality on their projects, save time and budget costs.
FINALCAD was built upon five founding pillars that are driving its design and worldwide, massive adoption:
“Since our initial investment in FINALCAD, the company’s performance and ability to execute has exceeded our expectations” said Nicolas Louvet, Partner at Serena Capital. “Over the past two years, FINALCAD has delivered product innovation, field adoption, and significantly expanded the share of its international clients. This is why we decided to lead this second round of funding.”
“We reckon the construction industry is lagging behind in digitization, with tremendous needs lying ahead. FINALCAD clearly embodies this huge opportunity. CapHorn Invest is committed to helping the company accelerate its growth taking advantage of the CapHorn Network of subscribers.” said Laurent Dumas-Crouzillac, Partner at Caphorn Invest.
“We were particularly impressed with the global mindset and international business development demonstrated by FINALCAD, especially in Europe and Asia. It will be a natural fit with the global coverage of Aster Capital’s team and investment portfolio.” said Jean-Marc Bally, Managing Partner at Aster Capital.
*Global Construction 2030 Report, by Global Construction Perspectives and Oxford Economics.
**McKinsey Global Institute Industry Digitization Index
***FINALCAD has been ranked in the top tier of Deloitte’s Fast 500 EMEA and Fast 50 France rankings with a cumulated growth of 827% over four years.
FINALCAD provides mobile apps and predictive analytics that help construction stakeholders anticipate and fix issues found during the building’s journey. Our mission: increase quality, reduce its cost and make it accessible to all. Since 2011, FINALCAD has helped more than 10,000 projects in 30 countries, and keeps on advancing the digital transition of the construction industry. For more information, visit www.finalcad.com
About Serena Capital
Founded in 2008 by Marc Fournier, Philippe Hayat and Xavier Lorphelin, Serena Capital is an investment structure recognized in France and Europe with more than 250 million euros under management. Highly active on the innovation and digital markets (Internet & Media, Mobile & Telecom, Software, Big Data, Electronics), the company invest up to 15 million euros in innovative, strong growth, companies (Alkemics, AramisAuto, Cheerz, Dataiku, Evaneos, FINALCAD, iContainers, Lafourchette, Lengow, Melty Group, Prestashop, TextMaster, TVTY, Worldstores, etc). For more information, visit www.serenacapital.com
About Aster Capital
Aster is a venture capital firm that is organized as a business hub – a new generation of growth accelerator for startups. Resolutely serving entrepreneurs that are looking to establish new industry models (particularly in the energy, manufacturing and mobility sectors), the Aster Business Hub is a complete ecosystem of opportunities supporting growth companies in their development. By mobilising the support of industrial investors in its funds, coupled with a significant international presence (San Francisco, Beijing, Tel Aviv, Nairobi and Paris), Aster acts as a catalyst for venture rounds, market access and geographic expansion. Currently, Aster manages over 300 million dollars in funds raised from major global groups and institutions. For 16 years, Aster has invested in more than 50 startups, including Solairedirect (acquired by Engie in 2015) and ConnectBlue (acquired by u-blox in 2014). For more information, visit www.aster.com
About Caphorn Invest
CapHorn Invest is an independent Venture Capital Firm whose LPs are over 150 business executives and members of family offices. Our team relies on this strong network of experienced business leaders to boost our portfolio companies and provide them with direct commercial connections to decision makers. We invest in companies bringing digital transformation to mature markets. CapHorn Invest currently manages a first fund of 50 million euros and is completing the fundraising of a second generation fund of 125 million euros. For more information, visit www.caphorninvest.fr/en
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