Jolt Capital II is set to invest ~€45 million from June 2015 through 2016, and intends to accelerate investment further through 2017 in growth-stage European technology companies with global ambitions
Paris, 30th August 2016 – Jolt Capital SAS is a fully independent and fast-growing Private Equity firm authorized and regulated by the AMF (Autorité des Marchés Financiers). It is led by Jean Schmitt and Laurent Samama, and was co-founded with Philippe Sereys de Rothschild in 2011.
Jolt Capital targets investments primarily in growth-stage innovative European technology companies with untapped potential to scale globally, and to date has a portfolio of six companies, including Inside Secure (FR), Fogale Nanotech (FR), Softonic (ES), Commprove (IE) and Heptagon (CH/SG).
With a seasoned international team and extensive experience as investors, entrepreneurs, corporate managers and strategists, Jolt Capital is an active shareholder, engaging deeply with management to accelerate robust growth organically, and also with targeted acquisitions/divestments. Within the last 10 months alone, Jolt Capital has been instrumental in assisting one successful spinout and one successful acquisition across the portfolio.
Jolt Capital invests in expansion/growth stage technology-rich European companies with the potential to develop globally, typically with revenues between €10million and €100million. It is especially interested in companies with advanced technological solutions that underpin various sectors such as cyber security, user experience, e-health and energy.
Jean Schmitt, Managing Partner of Jolt Capital, suggests that, “Europe has an exceptional pool of technology companies, that with the support and financing of added-value investors, could experience sharp growth. However, often they are ignored by investors, seemingly because of confusion between ‘technology companies’ and the associated risk of ‘venture capital’. We think a little differently, for example, at the time of our investment in Heptagon (high-tech micro optical systems for mobile devices), nearly three years after the previous funding, the company had grown annual revenues robustly to $40 million, yet still lacked a large enough investment proportional to the market opportunity. A Jolt Capital co-led financing round allowed Heptagon to expand its delivery and manufacturing capacities, which in turn enabled it to deliver more than a billion components to clients such as Apple, and hire more than 400 people. We welcomed into our funds investors such as Temasek / Vertex (SG) and Access Capital, who joined us in order to benefit from the buoyancy and diversity of the European technology landscape, which we will actively be working to mine and develop over the coming years.”
About Jolt Capital
Jolt Capital is an independent Private Equity firm investing in fast-growing lower mid-market technology companies originating in Europe, typically with revenues between €10million and €100million. Since 2011, Jolt Capital has invested in and driven value-creation in a number of leading technology companies such as; Heptagon, Inside Secure and Fogale Nanotech. The firm is authorized and regulated by the AMF. Jolt Capital is led by Jean Schmitt and Laurent Samama.
Jean is a successful entrepreneur and investor in technology, with deep technical insight. Previously Jean was the CEO & Founder of SLP InfoWare, VP at Gemplus (now Gemalto, XPAR:GTO), and Managing Partner at Sofinnova Partners. Jean is a board member of Heptagon Advanced Micro Optics (CH/SG), Inside Secure (EURONEXT:INSD), Forma-Dis (FR) and FOGALE Nanotech (FR). Jean was also a board member of Authentec (NASDAQ:AUTH) before its acquisition by Apple.
Laurent has twenty-five years international and operational experience in managing new technology-driven businesses at major corporations and fast growing mid-market companies in the telecoms, energy and clean-tech spaces. Laurent has held senior management and business development positions at Orange, Nokia and NEC and also within mid-sized technology companies including Coronis Systems, DxO and Varioptic.
Jolt Capital Press Release 1