Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of a €10.5 million capital raising for VoluBill, the leading independent supplier of ‘on the network’ Mobile Data charging and control solutions.
For this round, VoluBill has been backed by 6 leading international venture capital firms operating in the IT and Telecom industry. XAnge Private Equity (lead) joined Argo Global Capital, Deutsche Venture Capital, Seventure, Sofinnova Partners and Sofinnova Ventures.
The capital raised will be used in particular for acquisitions and to accelerate the international development of the company.
Commenting on the transaction, John Aalbers, CEO of VoluBill, said“Clipperton Finance did a great job for us. Their knowledge of our industry segment as well as their reputation within the VC community aided us greatly. With an acquisition process going on in parallel, Clipperton’s assistance with the fundraising enabled our management team to remain focused. Their practical approach and high execution standards meant we were able to close the round in the timeframe we wanted. Above all, they were a pleasure to work with.”
