Bpifrance, Sofimac Partners and CEA Investissement have participated to ISORG first fund raising of 6.4 million Euros along with other industrials and Business Angels.
About Bpifrance :
The public investment bank, Bpifrance, was founded on December 2012 and resulted from the merge of OSEO, ISP, CDC Entreprises and FSI Régions. Its two sharehloders are the French State and Caisse des Dépôts. Bpifrance provides a single financing and investment point for entrepreneurs in the region. The bank's goal is to assist business growth and innovation by providing access to credit and equity.
Maîlys Ferrère, Director and Member of the Comex Innovation Pole at Bpifrance :
"We are happy to help out this great industrial and entrepreneurial project resulting from several years of research with the CEA Liten. We are convinced that ISORG a disruptive technology in the organic and printed electronics field which is able to meet various applications as certified by existing partners thus offering ISORG long-term extensive perspectives"
About Sofimac :
Founded in 1977, Sofimac Partners is one of the leading players in regional private equity financing in France, providing the funding SMEs need to finance their medium to long-term development; Sofimac Partners offers solutions to the problems of undercapitalized French SMEs, providing equity and quasi-equity financing for business at every stage of development : seed capital, startup, development, buy-in, buy-out or distressed.
François Miceli, Senior Parner at Sofimac Partners :
"This investment from our startup fund FPCI Emergence Innovation 1 allows to strengthen our investments in this strategic and printed electronics sector where we are already involved. We are delighted to support ISORG founders in this entrepreneurial adventure with such well-known co-investors of high distinction. We are sure that all of the ingredients are there to place ISORG as a worldwide leader on the market"
About CEA Investissement :
CEA Investissement, a subsidiary of the CEA, manages the ATI fund (38M€, associating several industrials and Bpifrance) as well as strategic shareholding portfolio linked to the CEA. ISORG investment is coming from this strategical fund.
Christophe Gégout, Chief Financial Officer of CEA Group and CEA Investissement President :
"CEA's teams have eased the creation of ISORG thanls to an ambitious technological partnership, along with the works carried out for the organic and printed electronics industry development. This capital increase will allow ISORG to make a major step in its development with the creation of a new production line."
About Grenoble Angels :
Initiated by the Grenoble Chambre de Commerce, Grenoble Angels was created in 2005 to contribute to the local economy development with the willingness to be durable coach and investor locally. Grenoble Angels is one of the four leading networks in France. Since the creation, 17.7 million euros were directly invested and 71 million euros in co-investments. 83 companies benefited from it and created more than 2700 jobs.
Jean-Louis Brunet, President of Grenoble Angels and France Angels :
"Beyond the usual financial leverage, Grenoble Angels and Savoie Angels are very happy to have helped ISORG open to its new future, through the expertise leverage. Through our commitment as coaches, the business angels community is willing to provide this kind of support each time it is possible"
About Savoie Angels :
Based in the Bourget du Lac high tech cluster of Savoir Technolac, Savoie Angels is an association dedicated to proximity investment. The mission is to boost territories development and job creations by providing financial and human support to local start-up founders.
With 9 million euros invested in 40 companies since 2008 and 170 members, Savoie Angels is in France top position in investments done by funds