Clipperton Finance successfully manages the first round of financing of C4M led by Innovacom
This transaction was led by Clipperton Finance, acting as Sole Manager.
Paris (France) – December 5, 2008
Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of a first round of financing for C4M. C4M is a leading mobile game studio with innovative creative and development services. The company is the creator of Playtomo, the first free mobile games platform linked to social networks. The platform offers high quality casual games in a unique mobile application directly integrated into social networks. Innovacom, a leading venture capital fund based in Paris, Stockholm and California, led the round with the capital raised to be used to strengthen the Playtomo team and to support the worldwide launch of the application.
Commenting on the transaction, Mathieu Castelli, CEO of C4M, said “Possessing excellent relations with tier 1 funds as well as a strong understanding of the new media ecosystem, Clipperton Finance has been instrumental in the success of this round of financing that was executed rapidly and proved significantly oversubscribed “.
Thomas Neveux, Partner with Clipperton Finance added “We are really proud to have helped C4M in this transaction. Leveraging its unique expertise in mobile gaming design, the company has created with Playtomo a unique service. By combining profoundly social capabilities and mobile entertainment, Playtomo is one of the very few innovative offers in casual gaming in Europe.”
For more information, please contact:
Clipperton Finance
Thomas Neveux, Partner, tneveux@clipperton.net
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.