Starschema is a European leader in the field of Big Data, BI, data visualization, data warehouse development and consulting, they are experts in emerging data related technologies; players from Silicon Valley use their services such as Facebook or Netflix.
They are on the Top 5000 most rapidly growing European companies list of the Inc. business magazine, leading its category.
Previously this list contained such companies, who since grew into giants, like Facebook, Microsoft or Oracle.
Absolvo team supported Startschema’s spinoff project VirtDB in fundraising to finance their international expansion.
During the process we contributed in creating the business and financial plan, teaser and investor presentation, defining the exit strategy, contacting potential investors, evaluating term sheets, negotiating the investment agreement and completing different tasks related to the transaction closing.
As a result of investors’ interest, 1.2M USD capital has been raised for the spinoff company in 2016.
After the successful deal closing, we received a new mandate from Starschema at the end of 2017 to manage their projected transaction with the aim of international – primarily US – expansion and strengthening their leadership position in the region.
Our corporate finance team advised the overall transaction process exclusively and contributed in:
- creating investor teasers and presentations,
- contacting potential local and international investors, evaluating offers,
- forming and negotiating deal terms,
- supporting due diligence,
- negotiating investment agreement, coordinating other tasks and managing transaction closing.
After several offers made by financial and strategic investors they closed a successful transaction with a regional private equity fund.
Transaction volume: 5M USD