Innetech, a company specialising in designing air treatment solutions, has successfully carried out an initial €300,000 round of fund-raising, subscribed by Bretagne Jeunes Entreprises (BJE) and Crédit Agricole Private Equity. The aim of this early-stage financing is to structure the company’s technical workforce and boost sales.
In addition to conventional technical expertise, Innetech has established itself as a specialist in energy-efficient air treatment solutions. Its aim is to optimise management of air production and distribution systems for large buildings.
Working with BJE during the early stages of setting up the company, the company’s director has successfully convinced financial backers of the relevance of his business plans.
Eric Le Guy, Chairman of Innetech, comments: “The confidence placed in us by our investors validates our strategy and supports our aims. We firmly believe that the solutions we develop offer a satisfactory and innovative answer to the needs expressed by our clients of efficient management and cost savings. The market is waiting to develop and current regulatory requirements – and probably future requirements – will increase these needs.”
Anthony Hillion, associate at BJE, believes that “the director’s entrepreneurial and commercial profile, coupled with proven knowledge of the sector in which the company operates, provide a solid basis for well thought out and balanced growth. The creation of this company also attests to Bretagne’s influence in the air conditioning engineering industry.”
Renaud Poulard, Partner in the Venture Capital team at Crédit Agricole Private Equity, comments: “We are very pleased to be able to support this young company during its early stages and to contribute to the development of its innovative technology.”
Eric Le Guy, firstname.lastname@example.org; +33 (0)2 98 84 20 97
Crédit Agricole Private Equity
Martine Sessin-Caracci, email@example.com; + 33 (0)1 43 23 90 88
Bretagne Jeunes Entreprises
Anthony Hillion, firstname.lastname@example.org; + 33(0)2 99 31 73 23
Innetech manufactures air treatment units and diffusers for air conditioning, heating, filtration, ventilation, circulation, humidification and dehumidification systems.
The company specialises in creating energy-efficient equipment for construction and building renovation projects. Innetech stands out thanks to its innovative and eco-intelligent products, as well as the quality of the bespoke services it offers its clients in the manufacturing and commercial sectors.
The company is based on the North Finistère coast in Brittany and sells its products and services throughout France and internationally. It is investing in a network for sharing technological expertise outside France. www.innetech.eu/
About Crédit Agricole Private Equity
Crédit Agricole Private Equity is an AMF-accredited asset-management subsidiary of Crédit Agricole, specialising in direct private-equity investment in non-listed companies. A multi-specialist player, Crédit Agricole Private Equity’s team of 100 professionals manages €3.3 billion with specific expertise in LBO & Expansion, Venture Capital, Mezzanine, Co-Investment, Renewable Energy and PPP Infrastructure. The 12-strong venture capital team manages €470 million through FCPIs invested in young companies with high growth potential in 2 sectors: information technology and life sciences. Crédit Agricole Private Equity has signed up to the United Nations’ Principles for Responsible Investment (PRI).
Bretagne Jeunes Entreprises is a venture capital company supported by shareholders involved in regional economic development (Conseil Régional de Bretagne, Caisse des Dépôts, Caisses d’Epargne Bretagne Pays de Loire, Banque Populaire de l’Ouest, Crédit Agricole, Crédit Mutuel de Bretagne and Oséo Bretagne).
BJE invests in the Brittany region, either alone or with other investors, and is one of the few operators dedicated to financing businesses during the start-up phase.
It is renowned for its expertise in financing innovation, and manages over 30 investments in a variety of sectors, both technological and non-technological. www.bje-capital-risque.com