Fnatic raises £14.49 million Series A funding for its eSport platform

Fnatic’s incredible 15 year journey today starts a new chapter as the organisation has raised $19m USD in Series A funding. This investment will help Fnatic continue its global expansion into Asia and North America, strengthen its involvement in tier-one leagues including the League of Legends European Championship, continue to partner with the most forward-thinking global brands and launch new product categories of its Fnatic Gear gaming peripherals including an exciting new audio line.

Leading the investment round is tech entrepreneur and founder of VK (Russia’s largest social network) Lev Leviev of LVL1 Group who joins the board with support from investors Beringea, BlackPine, Unbound, Raptor Group and Joi Ito.

Supporting the next stage of Fnatic’s rapid growth is a new leadership team which sees founder Sam Mathews return to the Chief Executive Officer CEO role while former Mercedes AMG F1 CEO Nick Fry has been named Chairman and founder of Affectv Glen Calvert has been appointed COO. Meanwhile, former CEO Wouter Sleijffers has stepped down after four years of helping expand Fnatic’s global team and reinforce the organisation’s position as leaders on the competitive stage.

This is a pivotal moment in the evolution of Fnatic” said new CEO Mathews, adding: “I am incredibly proud of what we’ve achieved over the past 15 years and now is the time to build on this strong foundation to realise our vision of being the leading global esports brand. To have such high calibre investors is telling of the potential they see in Fnatic and our future. We would not be at this point without the invaluable contribution of Wouter over the last four years, we are extremely grateful and sincerely wish him all the best.

Below is a statement from Wouter Sleijffers, reflecting on his time with the organisation:

When starting over 4 years ago in Fnatic, I could not have envisioned in my wildest dreams the journey and the transformation we’ve gone through. Fnatic, already the world’s most recognisable and successful competitive organisation in esports, transformed itself into a groundbreaking global brand representing the passion of billions like no one else does. Or simply said, to make every esports fan feel super proud and show the world what esports really is about.

We’re embarking on the most exciting time for esports. And Fnatic is ready more than ever. An unrivalled legacy of esports success, epic apparel, ground-breaking esports gear and impactful best-in-class partnerships is just a few of the things. And so, it’s time for others to break more grounds and continue carrying the Fnatic mission under Sam Mathews’ visionary leadership, Patrik Sattermon’s competitive mentorship and everyone else’s passionate and relentless energy in Fnatic.

I’m grateful for having been among an amazing team of people, amazing players and staff, amazing fans, amazing partners and having made a lot of amazing friends along the way. To be part of Fnatic, is truly unique. We all wrote a part in the esports history books and Fnatic will continue to do so. Thank you for making Fnatic awesome!

I wish everyone much esports excitement and fortune ahead. No doubt our paths will cross again and I look forward to stay in touch.

#AlwaysFnatic

Wouter

For further information please contact press@fnatic.com

Beringea leads £2.4 million investment in DeepCrawl

(London, UK) Beringea, the transatlantic venture capital investor, today announced that it has led a £2.4 million investment in DeepCrawl, a leading web crawler and marketing insights platform. The funding follows on from DeepCrawl’s £1.75 million Series A, which was also led by Beringea UK – other existing high net worth investors supported both rounds.

DeepCrawl has grown significantly since the initial investment by Beringea’s UK funds in 2017 through expanding its customer base and successfully establishing itself in the American market. Its platform, providing a suite of leading technical SEO software products to analyse the health and performance of a site, is now used by a growing roster of enterprise clients including Made.com, Missguided and Autotrader.

DeepCrawl has also rapidly built its presence in the USA, with almost 50 per cent of its revenues now generated by American clients. An expanding team operating from its New York headquarters has secured a string of influential customers including IKEA, eBay and Uber, demonstrating notable demand for its technical analysis of website and SEO performance among global tech giants.

This demand reflects the quality of the DeepCrawl platform – a recognised leader in technical SEO crawling and analytics – and the vital importance of website performance for modern businesses. MADE.com, one of Europe’s leading homeware and furniture retailers, used DeepCrawl’s software to evaluate and improve its website’s technical performance, generating a 42 per cent year-on-year increase in new users and a 60 per cent month-on-month increase in revenues from organic traffic.

As the scale and complexity of website architecture increases and as Google places greater value on the performance and experience of sites prioritised in its search rankings, DeepCrawl’s platform will continue to grow in value and importance for businesses worldwide.

This latest round of funding will enable DeepCrawl to capitalise on this opportunity through building its sales presence in the UK and the US and expanding its customer success team to support its growing base of enterprise clients.

“DeepCrawl has demonstrated its ability to build a platform that delivers tangible impact for global companies with highly complex and technical website architecture,” Stuart Veale, Managing Partner of Beringea, commented. “Beringea has backed DeepCrawl as it gathers momentum and strengthens its leadership in an increasingly vital specialism that will shape the success of online businesses.”

Michal Magdziarz, co-founder and CEO of DeepCrawl, commented: “This additional investment will help support our continued drive in building a global technology platform, helping to protect clients around the world from SEO regression, while enabling them to maximise their online revenue growth. We are really looking forward to 2019 as we continue to deliver exemplary satisfaction for our clients and the launch of several key projects we have in development for this year.”

DeepCrawl was founded in 2010 in London by Michal Magdziarz, Matt Jones and Chris Evans, three highly experienced SEO specialists. The business has since grown substantially, with more than 60 employees spanning offices in London, New York and Krakow.

Beringea Leads £6.5m Investment in Exonar Alongside Downing Ventures

January 21, 2019/in NewsPress Activity /by Dan Welberry

Sector leading data discovery and governance platform, Exonar, a vital tool for the modern data age

London, 21st January 2019: Transatlantic venture capital investor, Beringea, has announced that it has led a £6.5m investment in Exonar, a leading data discovery and management software firm. Downing Ventures, the early stage investor, has also participated in the round alongside notable existing investors, Amadeus Capital Partners and Winton Ventures.

Enterprises are facing a fundamental change in the way they process and store information. An exponential increase in data volume means organisations must find new ways to understand the risk as well as the opportunities in their data. Driven by new regulation, cyber threats and competition, organisations who use data they hold effectively will survive and thrive.

Exonar discovers an organisation’s most sensitive, valuable and personal information. By simply plugging Exonar into a network, an instant view of all structured and unstructured data is provided, enabling the creation of inventories, security of sensitive data and regulatory compliance.

Recent research by EY found the UK’s largest firms spent over $1.1bn to comply with the EU General Data Protection Regulation (GDPR) before it came into force in May 2018, while the same research found that Fortune 500 companies had spent $7.8bn.

Data discovery technology is proving vital to businesses that can easily hold petabytes of data across their entire information estate. The significant growth of data value has led to industry analysts estimating that the global data governance software market will grow 22 per cent annually over the next five years to a value of $3.5bn by 2023. Exonar is well positioned to provide the technology needed to support this extensive growth.

Exonar was founded by Adrian Barrett, a visionary with substantial experience in data, analytics, and information security who has previously worked for Cisco and Lumeta, a global network data specialist. He is supported by an experienced management team with decades of leadership experience in global cyber security and technology companies such as BT, Fujitsu, Veritas, Symantec and EMC.

Adrian Barrett, CEO and Founder, commented: “These are exciting times for Exonar. To receive significant backing from Beringea and Downing Ventures reinforces our belief that the Exonar platform has a significant role to play in enterprise-level data discovery and management. We have a clear vision for future development and the investment will enable us to further enhance our product, enabling our customers to meet current and future data demands such as GDPR and CCPA swiftly, simply and at scale.”

“Data is the backbone of modern business. And yet, it also poses an existential risk, which has traditionally required substantial resources and investment to manage. Exonar transforms this dynamic with a platform that maps and understands petabytes of information in seconds.” Stuart Veale, Managing Partner of Beringea, commented: “Beringea has backed Exonar’s leadership and pioneering technology to create a cornerstone of data governance.”

James Lewis, Investment Director at Downing Ventures, commented: “Not a day goes by that we don’t hear about the importance of accessing and making better use of data in all our businesses – Exonar is at the forefront of shaping and solving this challenge and we’re delighted to be part of the journey with Adrian and the team.”

– ENDS –

Notes to editors

Media contacts:

Henry Philipson, Head of Communications, Beringea

Email: hphilipson@beringea.co.uk

Mobile: +44 (0)7837162546

About Exonar

Exonar is a data discovery software company based in Newbury, Berkshire. Founded in 2013 by Adrian Barrett (CEO), Exonar discovers an organisation’s most sensitive, valuable and personal information, therefore providing the answer to an all-too-common statement – “I just don’t know what I’ve got”.

By simply plugging Exonar into a network, an instant view of all structured and unstructured data is provided, enabling the creation of inventories, security of sensitive data and regulatory compliance.

For more information, please contact Exonar: Tellmemore@exonar.com

About Beringea

Beringea is a highly active growth capital investor with $715m under management and offices in the UK and US. It supports high-growth businesses with annual revenues of more than £1 million, investing between £1 million and £20 million to help companies scale.

With a successful track-record of investments spanning 30 years, Beringea has more than 60 portfolio companies across its US and UK offices. The company has a history of strong partnerships with management teams, often reinvesting in its successful entrepreneurs.

Its core areas for investment include digital media, business software and services, and consumer industries. With an extensive range of expertise across the team, and an ability for spotting and following opportunities, Beringea’s portfolio includes companies in a range of sectors, and its team continues to be at the forefront of emerging trends.

http://www.beringea.co.uk/

About Downing Ventures

Downing Ventures is an evergreen fund investing in seed to Series A companies, with the possibility of follow-on investments. It invests in a variety of technology sectors including consumer internet and mobile, enterprise software, financial technology and health technology. The fund has a portfolio of around 45 companies as of October 2018. Downing Ventures work alongside a number of investment partners and accelerator programmes and incubators, including the London Co-Investment Fund.

Beringea invests £9m into Manchester’s AccessPay

£9m funding round represents one of the largest ever for a Northern fintech company

London, 14 January 2019: Beringea, the transatlantic venture capital investor, today announces it has led a £9m investment in AccessPay, a Manchester-based fintech firm. The funding round, backed also by US investors True Ventures and Route 66, is one of the largest ever investments in a financial technology company in the North. Maria Wagner, Investment Director at Beringea, led the deal.

The investment also marks the expansion of Beringea’s footprint in the North of England, as the firm has launched its first dedicated office in the region in central Manchester. This expanded presence will enable Beringea to work more closely with the region’s scaling businesses and provide capital to support the acceleration of the region’s digital economy.

AccessPay was founded in Manchester in 2012 and it has quickly grown into an established leader in fintech. Its platform enables finance and treasury teams to achieve significant cost and efficiency savings, as well as security improvements around global payments and cash management. The platform connects corporate back-end systems with global banking and financial services providers.

Today AccessPay is used by more than 500 corporate clients across the UK including Barclays, the AA, and ITV and processes over 40 million transactions a year. It will use this investment to expand its sales, marketing and engineering teams and further develop its software platform. It is the fastest growing fintech company outside of London, according to the Deloitte Fast 50 rankings.

The business is led by Anish Kapoor, a highly experienced entrepreneur who has previously built a number of multimillion-dollar technology companies. He was the co-founder of TeleCity, Europe’s largest data centre operator, leading the business to its listing on the London Stock Exchange at a valuation of $700m in 2000. It was recently acquired for $3.6bn by a US acquirer.

Anish Kapoor, CEO of AccessPay, commented: “The world of banking and financial management has changed and continues to do so at pace. Legislation, customer demand and rapid advances in technology, mean the choice of banking and financial services providers available to finance and treasury teams, especially those looking to transform their operations, is greater than ever before.

“The problem we continue to see are these services operating in total isolation to one another, which often means the corporate is faced with exposure to security, greater risk and complexity in day-to-day operations. Connecting these services through our platform, removes these issues and enables the change finance and treasury teams are looking for.

“From the outset of our conversations, Beringea has recognised this challenge and the opportunity it presents for AccessPay to grow its market share, in the UK and beyond, and helping us with our mission of transforming finance and treasury teams.”

Maria Wagner, Investment Director at Beringea, commented on the deal: “Beringea seeks to back thoroughbreds that can become lasting successes. Corporate payments have not seen the same level of innovation as consumer payments. AccessPay’s platform solves a big pain point for large corporates. We were really impressed with the team and Anish’s leadership and we look forward to joining them on this journey to harness a global market opportunity.”

Beringea has expanded its presence in the North by establishing a Manchester office at WeWork in St Peter’s Square. This will enable the firm to tap into the thriving network of scaling technology companies and help accelerate the rise of the Northern digital economy.

The Manchester office is led by Marc Shirman, former co-head of Muzinich & Co.’s UK private capital fund and now Investment Director at Beringea. Marc will be supported by Steven Tuckley and Anne O’Loughlin who have longstanding connections with the firm’s portfolio of Northern companies and the wider investment community.

Marc Shirman, Investment Director and Head of Beringea’s recently established Northern office commented: “Manchester has an exceptional and rapidly growing fintech sector that we want to support. Great companies like AccessPay contribute immensely to the ambition of the North to be a global tech hub. Beringea will seek to provide the capital, expertise and transatlantic network to support the North’s entrepreneurs as they scale to become international success stories.”

AccessPay is part of a thriving ecosystem of digital businesses in the North driving economic growth, fuelling job creation and attracting investment. Analysis by GP Bullhound showed the 100 fastest growing digital businesses in the North of England and Scotland generated revenues of £4.5bn in 2017, more than double the previous year. This latest round for AccessPay brings its total funding to over £13m and its headcount has grown to almost 50 employees in Manchester.

Beringea manages over $700m in funds in the UK and the US with over 60 portfolio companies spanning North America and Europe. It has previously backed several entrepreneurial companies in the North of England including ResponseTap, the Manchester-based marketing software business, and TH_NK, a leading digital agency based in Newcastle and Liverpool which has recently been sold to EPAM, a global software company listed on the New York Stock Exchange.

Beringea’s experienced investment team will continue to back similarly entrepreneurial, scaling businesses in growing sectors across the North.