The agreement outlines a mutual sharing of resources to better support the financing and/or development of international technology companies in China.
Paris, 20thMay 2019 – Jolt Capital SAS, an independent Private Equity firm specialised in Growth Capital Technology Investing that is authorised & regulated by the AMF (Autorité des Marchés Financiers) signed on 17thMay 2019 a Memorandum of Understanding (MOU) with Mr. Yu Zhonghua, the Secretrary General of the iCAN Association.
The iCAN Association is geared towards the promotion and development of international technological cooperation through its platform of services dedicated to innovation. It has more than 300,000 members from more than 40 countries, including the United States, France, Japan, Germany, Thailand, Australia, and the United Kingdom. The agreement between Jolt Capital and the iCAN Association provides for:
- A collaborative approach to the sharing of insights regarding technology and the broader business/investment climate
- The promotion of collaborations/investments in companies that are targeting expansion in China
- Increased partnerships between Jolt Capital and the winners of the iCAN International Innovation Competition
Elaborating on the MOU, Jean Schmitt remarked that, “Jolt Capital is one of the few growth capital investors in Europe supporting the development of hardware companies. China, with its surging domestic demand, has been a key market driving considerable returns for our funds. This is best seen in the case of Heptagon, an optical component company that after relocating to Asia and establishing a significant production capacity was sold for $1.7b. By cooperating with Chinese partners, our existing and future portfolio companies will have the ability to become world leaders in their respective sectors. In this way, we see iCAN as a strong strategic partner.”
- About Jolt Capital
Jolt Capital SAS is an independent Private Equity firm investing in fast growing, profitable, globally-oriented technology companies of European origin, with revenues between €10m and €100m. Jolt Capital has invested in and catalysed various champion technology companies, including Heptagon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nanotech, Alpha Mos (EUR:ALM), Blackwood Seven, NIL Technology and 4JET. The firm is authorized and regulated by the AMF.