Based in Sophia-Antipolis, France, LuxCarta specializes in processing satellite images to create 3D models.
The company was created by the merger of GeoImage and ComputaMaps in 2013. Following the departure of one of LuxCarta’s four co-founders and associates, the directors sought two financial partners to restructure its capital and execute its international development strategy, particularly via external growth. CM-CIC Investissement and BNP Paribas Développement have invested €2.5 million in total.
Following the departure of one of LuxCarta’s four co-founders and associates, the directors sought two financial partners to restructure its capital and execute its international development strategy, particularly via external growth. CM-CIC Investissement and BNP Paribas Développement have invested €2.5 million in total.
With revenue of €10 million in 2015 and 115 employees, LuxCarta generates 90% of its sales internationally. The modelling and enrichment of 3D mapping data employs cutting-edge technology for end products used in telecom engineering, urban planning, real estate, the public sector, defence, the environment, aerospace, tourism and archaeology. The global commercial geodata market was estimated by EuroConsult at USD 1.5 billion in 2012. LuxCarta uses proprietary software to make its products and was the first to launch the use of automated algorithms for creating terrain and advanced surface models. These internal tools enable it to produce digital terrain, land use and building models.
“The capital restructuring gives us a fantastic opportunity to realize our growth strategy by working with solid and experienced financial partners that invest in equity with a long-term vision. This approach to investment appealed to us,” explained the founders Albéric Maumy, Lionel Laurore and Justin Hyland, who plan to double the company’s value in the next five years.
Fabienne Mazières, Director in CM-CIC Investissement and Clara Zimbris, Business Development Manager, added: “This should be welcome news. Several factors justify the investment, not least the complementary skills of the ownership team and the strong potential of applying their technologies to other vertical markets.”
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About LuxCarta
LuxCarta focuses on the creation and delivery of digital 3D geodata for the global telecom, navigation and other vertical markets. As experts in digital cartography and software development, we specialize in delivering quality fit-for-purpose products and services to non-specialist and expert end users. Our telecom offering includes the Planner geodata product line for RF planning and optimization, as well as SpacEyes3D visualization software and related services. We create best-in-class geodata through two internal production facilities with support provided in your time zone through regional corporate offices. Our global geodata inventory includes over 500 3D cities in 57 countries and 2D coverage of almost 200 countries. www.luxcarta.com
About CM-CIC Investissement
Venture capital, growth capital, buyout capital, merger and acquisition advisory. CM-CIC Investissement meets the needs of businesses in all areas of equity financing. Together with its professional, resolutely human approach and close ties with business leaders, its success is based on the long-term support it provides to investee companies. CM-CIC Investissement invests its own capital (almost €2.4 billion) and its investment portfolio consists of around 450 companies.
For more information: www.cmcic-investissement.com
About BNP Paribas Développement
BNP Paribas Développement is a wholly owned subsidiary of the BNP Paribas group. It invests in the equity of small and medium-sized French companies, acquiring minority stakes in rapidly growing, strongly performing participants in all sectors of the French economy. It now has a portfolio of over 345 investments, representing a total investment of €643 million. In order to work as closely as possible with companies and ensure in-depth knowledge of their local markets, BNP Paribas Développement has a presence in all large French cities. www.bnpparibasdeveloppement.com
