The software company, V-NOVA has raised $33mln in their Series C funding round from prominent tech entrepreneurs, investment firms and returning shareholders, with the assistance of SORTIS INVEST’s trusted partners from GlobalScope – Silverpeak, which acted as an exclusive Financial Advisor.
The capital raised will be used to further develop and accelerate the commercial rollout of V-Nova’s video compression software.
V-NOVA’s core technology improves data compression, which enables them to develop a vast portfolio of innovative applications based on their unique AI technology, as well as their parallel processing for video and image compression. Their tool improves any video codec, boosting the quality of existing video services and the user’s experience.
Guido Meardi said: “Silverpeak has been at our side with huge dedication and provided very valuable support throughout the deal. They have brought unparalleled skills in presenting V-Nova’s unique story and created a lot of interest from investors. Their professionalism, drive and execution capabilities gained them the trust of our Board and management team. It has been a pleasure working with them.”
Pietro Strada, Managing Partner at Silverpeak added “We are proud to have advised V-Nova and to have worked with Guido, Pierdavide, Antonio (Filippi) and the other team members. V-Nova is a true global leader and has huge potential. We are confident that this financing round will accelerate its growth and propel it to even greater successes.”
ABOUT V-NOVA
V-Nova, a London based IP and software company, is dedicated to improving data compression by building a vast portfolio of innovative technologies based on the game-changing use of AI and parallel processing for data, video, imaging, point cloud compression, with applications across several verticals. V-Nova has developed multiple award-winning software products to kickstart the ecosystems for its technologies.
ABOUT SILVERPEAK
Silverpeak is an investment banking firm with offices in London, Paris, Milan, San Francisco and Shanghai, dedicated to providing outstanding independent advice on M&A and financing transactions to outstanding growth technology companies. They combine a deep understanding of the technology sector and its specific dynamics with sophisticated negotiation capabilities, to achieve optimal results for their clients. Silverpeak is a member of Globalscope Partners.
ABOUT SORTIS Invest
SORTIS Invest is an investment banking boutique, based in Sofia, Bulgaria, part of SORTIS Group. It is a member of Globalscope Partners, a global family of 55 independent M&A firms in 46 countries with a team of 650 professionals and more than 10,000 completed mergers and acquisitions and private equity deals worldwide. SORTIS Invest advises companies on mergers & acquisitions and fundraisings, as well as valuations and financial modelling of business cases. SORTIS Invest has a broad partner network and extensive experience in the fields of corporate finance, mergers & acquisitions.
SORTIS Invest has advised clients in various sectors including Telecommunications, Media and Technology (TMT), financial services, food and beverages, life sciences, chemicals, education, defense, manufacturing, energy, mining, transport and logistics, hospitality and real estate.
