APIX Analytics raises 8 million euros to accelerate its international development
APIX Analytics, a leading supplier of next generation miniaturized gas analyzers, announced today a series B investment of almost 8 million euros from its historical investors and two new investors. Both the Ecotechnologies fund, managed by Bpifrance, and BNP Paribas Développement fund joined Demeter Ventures (formerly EMERTEC Gestion), ALIAD (Air Liquide), Kreaxi, ENGIE New Ventures, Supernova Invest and Alpes Capital Innovation (Banque Populaire Auvergne Rhône Alpes). The financing was successfully concluded with the support of law firms MAGS (Lyon - France), UGGC (Paris - France) and fund raiser 13Advisory.
Ludovic Debusschere, CEO of the company since October 2016 welcomes this operation “ which marks a key new milestone for the development of APIX Analytics, and will enable us to accelerate the international commercialization and marketing of our products and solutions in the energy markets; building upon our recent commercial successes in Europe, China and North America. We will for that matter inaugurate our office in Beijing next month and plan to establish a subsidiary in the US early 2018.”
Philippe Andreucci, President and co-founder of APIX Analytics explains: “Following our first round of investment, we have been able to finalize and successfully deploy our first products by industrial customers. In parallel with our international expansion, this very significant new contribution strengthens our capacity to enhance our technology and to follow our roadmap towards new miniaturized and innovative solutions, particularly in the fields of environmental analysis and laboratory analysis. »