Innovacom, the corporate venturing unit of phone operator France Telecom, has led the €4m ($6m) round for Intersec, a France-based software provider of value-added services platforms for mobile operators.

Alongside Innovacom in the round was CM-CIC Capital Innovation.

Denis Champenois, managing director of Innovacom, said: "We are happy to be accompanied by CM-CIC Capital Innovation which provides its banking expertise in this fund raising."

Intersec first expanded outside its domestic market by delivering value added services to France Telecom-Orange affiliates in Europe and Africa. We consider this investment as a new statement of trust from the market in our company after SFR Devel­oppement’s investment at the end of 2008" said Yann Chevalier, chief executive of Intersec.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?