Founded by two VLC alumni, the Frenchman Anevia raises 6.8 million euros on the stock market
Specializing in the optimization of video streams, Anevia has just raised 6.8 million euros during its initial public offering on Euronext’s Alternext in Paris. The company, founded in 2003 by two former central staff, had initially filed its prospectus with the Autorité des marchés financiers on April 25. She specified that she hoped to receive 5 million euros from investors.
But with an overall subscription rate of 4.3 times in the context of the open price offer, and 3 times in the context of the global offer, the transaction reached 7.3 million euros on 600,650 shares, including 6.8 million in the form of a capital increase, or 561,478 newly issued shares. At the end of the transactions, the market capitalization of Anevia comes out at 30 million euros, and the four co-founders keep 7.7% of the capital, for 8.7% of the voting rights, each. The historical shareholders get 45.3% of the shares, the public 23.8%.
“The funds raised will allow us to accelerate our international expansion, while maintaining our technological lead, in order to continue to imagine the software that will accompany the revolution of connected video and thus become an essential publisher for the main telecom operators and global broadcasters ”explains Tristan Leteurtre, co-founder and CEO of Anevia.
Founded in 2003 by alumni of the VLC Media Player project – Tristan Leteurtre and Damien Lucas -, Anevia develops solutions marketed to operators to optimize video streams by reducing the number of formats, storage costs and the use of bandwidth for equal content. A booming market at a time when video represents an increasingly important part of Internet flows.
In 2012 alone, a study carried out by Idate for the CNC (National Center for Cinema and Animated Image, editor’s note) revealed that “professional video captures 89.3% of traffic on fixed broadband networks [… et] 25.6% of traffic on high-speed mobile networks ”for the year 2010, not counting the use of non-legal services.
Several players are therefore positioning themselves to meet demand. These include the American Cisco and his “Mobile Videoscape”. However, Anevia has very large accounts in its portfolio. Among its customers, we find in particular Canal + for the deployment of its multiscreen services, France Television for its catch-up video service on demand Pluzz, TF1, Numericable and even M6. Internationally, we find the BBC or telecom operators. The company also generates most of its turnover – 7.3 million euros in 2013 for a growth of 40% – internationally and has opened offices in Brazil with Sao Paolo, Singapore, in Dubai and in the United States, in Mountain View, near Google.