Growth & acquisition capital financing for Cxense
Cxense: Raising funds to acquire Emediate and facilitate further growth
“We were impressed with how Stella EOC understood our business and our sector, and with their ability to help us execute a successful transaction for Cxense.”
Dr. John M. Lervik, CEO of Cxense
Revenue growth 2011-2012
Red Herring Award
Award-winning SaaS-based big data analytics provider
Cxense is a leader in Software-as-a-Service based big data analytics, personalised content, and targeted advertising.
The Company provides businesses worldwide with extraordinary insights into their online users: Using big data analytics, Cxense enables their customers to put this insight to use through engaging content experiences and targeted digital advertising.
In 2012, Cxense won the Red Herring global award as one of the 100 most innovative technology companies in the world.
Cxense is seeing explosive growth. It is led by CEO John Markus Lervik, who was previously CEO of big data and enterprise search pioneer FAST Search and Transfer, which was acquired by Microsoft for USD 1.2bn in 2008.
In addition to the founders, Cxense shareholders include the Polaris Media Group and Hiroshi Mikitani, co-founder of Rakuten.
USD 15m raised to enable the Emediate transaction
In order to enable Cxense to acquire Emediate, the largest ad serving company in the Nordics, for USD 10m, as well as to facilitate further rapid growth, Stella EOC advised on a USD 15m fundraise.
The financing came from selected institutions, family offices and existing investors, and was completed in a short time frame so that the acquisition opportunity could be seized and the enlarged group could immediately move forward with increased momentum.
Stella EOC acted as lead advisor to Cxense.