Liligo raises €3m to finance its development
Transaction led by Clipperton Finance, acting as Sole Manager.
Paris (France) – December 1, 2008
Clipperton Finance successfully leads a €3 Million capital raising for Liligo
Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of a €3m capital raising for Liligo, the European travel search engine.
Orkos Capital led this 2nd round and was joined by Alven Capital, Liligo’s first round lead investor, reflecting its continued confidence in the company. In only two years, Liligo has become the European ?Google of travel? thanks to its innovative and end-user focused solution, which empowers consumers with objective, exhaustive and tailored travel information trawled from over 250 different travel sites. This service is available to consumers in France, U.K., Germany, Spain, Italy and Hungary.
Commenting on the transaction, Pierre Bonelli, CEO of Liligo, said: “Working with Clipperton Finance was instrumental in the success of this financing round. With its large international VC investor base and its strong knowledge of the Internet industry coupled with its commitment and reactivity, Clipperton Finance has proved extremely valuable throughout the entire process of this capital increase. Their execution was excellent, reflected by the quality of new investors and with an optimal process tailored for Liligo and its team.”
Stéphane Valorge, Partner with Clipperton Finance added “Financing is key for Internet companies, especially for Liligo at its current stage of development where it is experiencing significant growth opportunities. We are delighted to have helped Liligo build up a successful team of investors.”
For more information, please contact:
Jérôme Richard, Ballou PR, Press contact
Tel: +33 1 42 22 92 42
Stéphane Valorge, Partner, firstname.lastname@example.org
Liligo (www.liligo.com) is a Paris-based European travel search engine that displays offers from more than 250 travel sites in real time, and provides consumers with easy access to the latest online travel offers in an impartial manner. Leveraging it exhaustive, objective and innovative search engine, Liligo allows consumers to organize their trip with ease and efficiency. Currently available in six local versions (France, Germany, U.K, Spain, Hungary, Italy), Liligo has over 1,000,000 European unique users per month, employs 20 people in Paris and Budapest and is a brand of Findworks Technologies, a company founded by Pierre Bonelli in 2005. Please visit www.liligo.com for more information.
About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.