Oodrive Secures Funding of up to €65M

Oodrive, a Paris, France-based provider of sensitive-data management solutions, secured funding of up to €65m.

Backers in the deal, which is expected to close in early May 2017 at the latest, included Tikehau Capital (Paris:TKO), the Novi 1 fund, which is a specialized loan fund, MI3, a SICAV with 21-year maturity, and NextStage.

The company will use the funds to broaden its range of solutions for clients in France and internationally and pursue potential external growth opportunities.

Created in 2000 by Stanislas de Rémur, Edouard de Rémur and Cédric Mermilliod, who will retain a majority stake in the company following the close of the deal, Oodrive provides cloud-based file-sharing, protection and electronic signature solutions meeting the needs, among professionals, for solutions which enable them to comply with stringent French and European regulations, relating to personal and corporate data protection.



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