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Bailey McCann, Opalesque New York: Volpi Capital has closed Volpi Capital Investments Conti LP a new continuation vehicle for two assets from Volpi's Fund I - Cyclomedia and Digital Barriers. Volpi first invested in both companies in 2016.
Volpi has exited the two other investments from Fund I - Version 1 and Medinet.
Schroders Capital is the lead investor in the new continuation vehicle. Cyclomedia's management team, in addition to Volpi Capital Investments III, will co-invest alongside the Continuation Fund in its investment in Cyclomedia. Several new institutional investors are also supporting the continuation fund.
Cyclomedia is a provider of intelligent street-level geospatial data and information solutions. Since Volpi's acquisition in 2018, the business has tripled in size, transitioning from a Dutch-focused provider to an international business and improved its technology. The company also has a significantly larger internal team. With ongoing investment, the company plans to pursue an expansion of its product line and potentially bolt-on acquisitions.
Digital Barriers is a provider of real-time video streaming over cellular. The company works with other businesses to provide streaming video over a variety of networks without losing video quality using cloud technology.
Christiaan van der Kam, Head of Secondary Investments at Schroders Capital, said "We are excited to continue our partnerships with Volpi and the management teams of Cyclo...................... To view our full article Click here
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