- Clipperton acted as the sole financial advisor to Ringover on its €20 million Series B led by new investors Orange Ventures and Bpifrance Large Venture, with the participation of historical investor Expedition Growth Capital.
- Thanks to this new funding round, Ringover will be able to considerably step up its R&D investments, particularly in the field of artificial intelligence, while sustaining its ongoing commercial growth on a global scale.
Our client
- Ringover is a pioneer of the CCaaS market and provides an all-in-one solution for companies aiming to revolutionize their external communications with a 360° platform and transform them into a powerful engine for growth.
- Ringover’s platform is designed with a strong focus on productivity and supervision, providing intuitive features that seamlessly integrate with over 70 business tools such as CRM and customer relationship software. This Company has successfully attracted more than 10,000 clients worldwide, including renowned names like Cityscoot, Coursier, and AXA Group.
- Ringover Group was co-founded by Jean-Samuel Najnudel, Renaud Charvet and Ludovic Rateau and currently operates from multiple offices including Paris, Lyon, Barcelona, London, and Atlanta with a dedicated workforce of over 300 employees.
Deal Rationale
- Ringover has experienced exponential growth since its inception (increasing revenues x8 in 3 years). In 2021, the Company secured its first Series A funding of 10 million euros, and is now bringing in two additional funds to the table, Bpifrance Large Venture and Orange Ventures, deeply rooted in the Tech culture and having supported the growth of global leaders.
- With the new financing round, Ringover will reinforce its teams across all the company’s divisions. The company notably intends to further bolster its R&D teams which represent one third of the workforce, with the aim to launch ground breaking new products, imbued with AI and machine learning, as already demonstrated in Q1-2023 with the launch of Cadence and Empower, two major new products.
- Successfully operating in Europe, with notable success in France, Spain, and the UK, Ringover has recently made inroads on the US market lately with the opening of an office in Atlanta run by co-founder Renaud Charvet. This new location not only expands Ringover’s reach, but also demonstrates its ability to cater for the needs of US customers appealed by the strength of its CCaas platform and the differentiated nature of its AI-based features.
- “Aware that sales performance and customer relations are undergoing major changes, it’s important for us to stay as close as possible to our customer’s expectations and needs. With this round of financing, we are pursuing our development and our initial strategy: to offer any company a powerful suite of customer relations tools, focused on team performance and augmented by AI“, concludes Ludovic Rateau, CTO and co-founder of Ringover.
Clipperton’s track record in advising European category leaders in their acceleration rounds
Deal Team
- Nicolas von Bülow, Managing Partner
- Antoine Ganancia, Partner
- Martin Vielle, Partner
- Naomi Darko, Associate
- François Guy, Analyst
Read the French Press Release here.
About Clipperton
Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe willing to execute transactions such as strategic M&A, private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.