On January 13th we announced that we had secured a €100 million growth investment from Vitruvian Partners. The investment will be used to expand our client led technology solutions and accelerate ongoing developments of our unique Command & Control platform, CORR.
Below are five important facts about the investment.
Who is Vitruvian?
Vitruvian Partners is an international investment firm that has specialist sector expertise in financial services and technology. Some of their notable investments to date include global market leaders and innovators such as Just Eat, TransferWise, and Skyscanner.
How much growth capital is being invested?
€100 million is the growth capital invested by Vitruvian Partners. Subject to regulatory approval.
Is the full capital amount being invested?
Yes. The full capital amount is being invested in the business to further accelerate ongoing developments of our leading technology-enabled products and services.
Will Vitruvian play a role in the running of the business?
No. Vitruvian will take a minority stake in the business with full business control and operations remaining within Carne. Vitruvian are providing the growth capital as well as expert know-how having helped leading brands such as Skyscanner and Just Eat to deliver tech-enabled better customer outcomes.
Will Vitruvian join Carne’s Board?
Yes. Two members from the Vitruvian team will join Carne Group’s board of directors.
If you would like to discuss any of the above in more detail, please talk to you Carne Relationship Manager.