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”
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
Amsterdam, September 1, 2016 – Toyobo Co., Ltd. (‘Toyobo’) and Avantium announce their partnership on PEF polymerization and PEF films.
Toyobo and Avantium have jointly developed thin films made from PEF, a 100% biobased plastic based on Avantium’s proprietary YXY technology for the production of FDCA. These PEF films are about 10 micrometer in thickness (one hundredth of a millimeter) and can be applied for food packaging, in electronics applications such as displays or solar panels, industrial and medical packages. Compared to standard PET films, PEF films have a 10x higher oxygen barrier, 2~3x higher water vapor barrier, improved mechanical strength and are fully transparent. The performance benefits enable new packaging opportunities, such as transparent pouches for soups, sauces or baby foods. The barrier properties extend the shelf life when packaging oxygen sensitive products like meat, fish, dairy products, or fresh pizzas, or moisture sensitive products such as cereals, cookies, crisps, personal care or medical products, and enhance the aroma barrier for packaged cheeses, fish or detergents. The market development of the PEF films in Asia will be performed in collaboration with Mitsui & Co., Ltd. (‘Mitsui’), with which Avantium announced a partnership in December 2015. The parties expect to offer samples for packaging tests from 2017 onwards.
Moreover, Toyobo and Avantium are jointly optimizing polymerization processes in Toyobo’s existing polymerization assets to produce PEF resin at commercial scale from MEG (ethylene glycol) and Avantium’s biobased chemical building block FDCA,. The parties intend to scale up PEF resin production to Toyobo’s commercial polymerization lines in Iwakuni, Japan.
‘I have been impressed by the innovative capability and drive of the Japanese industry’, says Tom van Aken (CEO Avantium). ‘Toyobo has state-of-the-art know-how and manufacturing capability in polymerization and thin films. The outstanding performance of PEF offers the potential of replacing complex and petroleum based multilayer packaging solutions, with a biobased and recyclable PEF film, without compromising the high quality standards required by Japanese packaging market. We are proud to work with such an excellent partner to scale up PEF polymer and thin film production. These developments support our efforts, in partnership with Mitsui, to introduce 100% bio-based PEF products such as films and bottles to consumers in Asia, making PEF a commercial reality.’
‘Using our flexible assets and the know-how of our employees, it is the strategy of Toyobo to stay ahead of the curve in bringing innovative products to the market’, states Chikao Morishige, Senior General Manager Plastics Production Technology Operating Department at Toyobo. ‘100% biobased PEF fits very well with our track record of introducing innovative materials and products to the market. Toyobo is therefore pleased to be working with Avantium and Mitsui to bring high performance PEF based packaging to customers.’
In March this year Avantium announced it is in exclusive negotiations with BASF with the intention of establishing a joint venture for the production and market development of FDCA and the marketing of PEF.
About FDCA and PEF
Avantium has developed the proprietary YXY technology, which enables a catalytic conversion of biobased carbohydrates (sugars) to FDCA (furandicarboxylic acid). FDCA has numerous potential applications as a biobased building block for new chemicals and plastics, such as PEF (polyethylene furandicarboxylate). PEF can be produced from FDCA using conventional industrial production plants.
PEF is a 100% biobased polyester with strong performance benefits over PET, such as a higher barrier to oxygen and CO2, higher mechanical strength, and a reduction in carbon footprint of more than 50%. These properties of PEF enable improvements to existing bottles and packaging films, for example shelf life extension and lightweighting.
Toyobo was founded in 1882 as a textile company, when it began its spinning and textile business. Toyobo continued to adapt to the changing needs of the times, drawing on their core technologies in polymerization, modification, processing, and biotechnology to expand business fields and develop high-performance products. For more information: www.toyobo-global.com
Avantium is a scale-up renewable chemicals company that develops and commercializes a next generation biobased chemicals and bioplastic. Its most advanced products are the building block FDCA and the polymer PEF. Avantium aims to monetize this tremendous value opportunity through selling manufacturing licenses of its patented YXY production process and application fields. The technology basis of Avantium is a unique capability and expertise in catalysis and chemical R&D. The value of its catalysis technology platform is proven by Avantium’s Catalysis business, a profitable business of providing advanced R&D catalysis services & systems to the world’s largest oil and chemical companies. Avantium offices and headquarters are based in Amsterdam, the Netherlands, and Avantium is operating an YXY pilot plant in Geleen, the Netherlands. For more information, visit http://www.avantium.com.
Avantium Dominique Levant (Marketing & Communications Officer), Telephone: +31 (0)20 5860132, E-mail: firstname.lastname@example.org.
Rueil-Malmaison , 27 Juillet 2016 – Au 2ème trimestre 2016, Lucibel a réalisé un chiffre d’affaires de 7,2 M€, en hausse de plus de 10% par rapport à la même période de 2015.
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