Speachme, the leading SaaS micro-learning and peer-to-peer skills & knowledge transfer platform, raises €10M in a round led by Red River West (Artémis Group)
Clipperton acted as sole financial advisor to Speachme.
- Franco-American investor Red River West is leading this €10m acceleration round, joined by existing investor Alven Capital.
- The funds will be used in priority to initiate the second phase of development in the US
Paris – January 2018 – Leading European corporate finance firm Clipperton is proud to announce it acted as sole financial advisor to SaaS micro-learning and peer-to-peer knowledge transfer startup Speachme in structuring a €10 million round led by Red River West (Groupe Artémis), who joined existing investor Alven Capital. The funds will be used to initiate the second phase of development in the US with the opening of a new office in Los Angeles, accelerate their product development with AI, and strengthen the sales team.
Founded in 2015, Speachme has developed a new highly innovative standard, the “Speach”, a mix of video and rich media to share knowledge within companies. The company empowers employees and contractors to create brief and intuitive “knowledge capsules”, short bursts of interactive visual content that can be created by anyone within minutes in order to quickly transfer technical skills to their peers and direct-reports across multiple work locations.
The solution is sold in SaaS mode to corporates having informal knowledge transfer issues that traditional LMS can’t address. They have deployed around 60 large clients as of today such as Airbus, Valeo, Natixis, Société Générale, but also Tesla, GE and Amazon in the US. The company, which already has offices in Nantes and Austin, plans to open a new office in Los Angeles to accelerate its growth in North America.
Founder & CEO Najette Fellache said: “Speachme aims to be the fastest, easiest, and most fun way to share knowledge. Speachme strives to become the global leader in peer-to-peer knowledge sharing, offering the largest library of knowledge through speaches”.
This transaction demonstrates Clipperton‘s expertise in SaaS-business private placements, after the recent successful funding of iAdvize, Sendinblue and Foederis
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Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology & Internet industries, advising innovative companies on M&A transactions, debt financings and equity offerings. With offices in London, Paris, and Berlin and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 220 high profile transactions globally. For more details please visit www.clipperton.net
About Red River West
Founded in 2017 by Artémis (investment company of the Pinault family), Red River West is a cross-border venture capital platform dedicated to French Tech, bringing together families and entrepreneurs from both sides of the Atlantic. Its objective is to promote a dozen start-ups to stimulate their commercial growth in the United States and help them to develop from a local leader position to that of world leader. Red River West relies on two pillars: Artemis, with 25 years of experience in private equity, and a team of three entrepreneur-investors based in the United States, led by Alfred Véricel, co-founder of Purch, the world leader in digital publishing on technology. For more information visit: www.redriverwest.com