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VENTURE CAPITAL

Financing innovative businesses

Our presence

123 Investment Managers invests in Europe, UK, USA and Japan.

Zone géographique

Investment Strategy

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The managers at 123 Investment Managers finance the first stages of development of innovative businesses as well as the development of further innovations at a later stage. They use the strength of their networks and their experience to help entrepreneurs to grow their companies with strong potential.

Investment Methodology

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123 Investment Managers essentially works by jointly investing alongside external managers or specialists in order to benefit from their expertise in specific areas.

123 Investment Managers invests primarily in equity in growing technology SMEs, as well as convertible bonds in innovative traditional companies. Particular attention is paid to diversifying investments with unit amounts of between €500,000 and €1,000,000.
Since it was founded in 2001, 123 Investment Managers has financed the development of more than 90 innovative companies, with €110 million invested in France and in Europe.

Our portfolio

CRITEO

Leader mondial du reciblage publicitaire personnalisé sur ...

Company sold

ALLTRICKS

Une boutique en ligne spécialiste du vélo, running et outdoor

Company sold

SNAPEVENT

Créateur d’événements clés en main pour les particuliers et les e...

Company sold

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INFRASTRUCTURES

Financing and operation of renewable energy infrastructures

Our participations
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Novaled

Solaire Direct

Criteo

Company overview

Novaled is a leading company in the OLED technology and organic electronics sector, notably tablets and smartphones.

Based in Dresden (Germany) Novaled represents a true Franco-German success story with the technology invented in Germany in 2001, a French CEO (Gildas Sorin), and both German and French investors who quickly joined in with the adventure.

123 Investment Managers involment

Les Fonds gérés par 123 IM, conseillés par TechFund Europe, ont rejoint le capital de Novaled dès ses premiers tours de table en 2003, aux côtés d’autres Fonds de capital-risque : Omnes Capital, eCapital, TechnoStart Ventures.

Novaled a été cédée intégralement à Samsung en 2013 pour 347 millions de dollars.
 

Company overview

Founded in October 2006, Solaire Direct is a French pioneer in solar energy, facilitating the development, construction, operation, maintenance and financing of large solar parks on four continents. Its innovative model is based on an industrial approach to the production of solar energy while prioritising a reduction in costs.

123 Investment Managers involment

123 IM rejoint le capital de la société en 2007. Ses investissements auront entre autres permis l’acquisition en 2010 de trois centrales photovoltaïques situées sur les communes d’Esparron-de-Verdon (PACA) et de Saint-Hilaire-du-Rosier (Rhône Alpes). Les centrales ont été construites avec succès par Solairedirect qui les exploite depuis leur mise en service en 2011. Elles ont réalisé en 2013 un chiffre d’affaires de plus de neuf millions d’euros. Après avoir accompagné Solaire Direct pendant plus de 8 ans, les Fonds gérés par 123 IM ont cédé la totalité de leur participation à Engie en 2015 qui acquiert ainsi 95% du capital (soit 100% des droits de vote dans la société Solairedirect) afin d’accélérer son développement au niveau mondial.

Company overview

Criteo, founded by Jean-Baptiste Rudelle, is the leader in attitudinal targeting in the online advertising sector. He manages the second biggest centre of algorithmic research in Europe (after Google’s Zurich centre).

The company employs more than 1,500 people (10 years ago the workforce consisted of just 20 people) with more than 20 locations across Europe, the United States and the Asia Pacific region.

123 Investment Managers involment

Les Fonds gérés par 123 IM sont entrés au capital de Criteo en 2006 et 2007 à hauteur d’1M€ au démarrage de l’entreprise.

Criteo fait partie des sociétés cotées sur le Nasdaq depuis le 30 octobre 2013. L’introduction a valorisé Criteo environ 2 milliards $. Le multiple réalisé par les Fonds d’123 IM est remarquable avec 70x les capitaux investis.

In the same category

  • Novaled

    Specialists in organic electronics and OLED technologies

    Learn more
  • Solaire Direct

    Solar energy operator with a presence on 4 continents

    Learn more
  • Criteo

    Leader in personalised online advertising solutions

    Learn more

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