TIDMCHRY
RNS Number : 8814I
Chrysalis Investments Limited
17 August 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
17 August 2021
Chrysalis Investments Limited ("Chrysalis" or the "Company")
Portfolio Update
The Company is pleased to announce an investment of $65 million
in the US based parent company of InfoSum, as part of its Series B
scale-up round. Previous investors in InfoSum include IA Ventures
and UpFront Ventures, among others.
InfoSum is a data infrastructure business that has built a way
for organisations to share data with each other such that it does
not put customer data or personally identifiable information at
risk. InfoSum works with global enterprises that utilise InfoSum's
technology to connect customer records without sharing data,
helping to alleviate security concerns and is compliant with all
current privacy law, including GDPR.
The investment by Chrysalis will enable InfoSum to continue to
invest in engineering resources, grow its sales and marketing
capabilities, and expand its international presence, as the company
addresses the significant market opportunity in front of it.
The Company's cash and liquidity positions remain robust,
bolstered by a partial realisation of the position in Wise, given
Wise's strong share price performance since its IPO in July. This
recycling of capital means the Company's Investment Adviser has
full visibility over the sources of funds to meet its near-term
requirements, which include another new investment progressing
through the latter stages of due diligence.
Richard Watts and Nick Williamson (co-portfolio managers)
comment:
"InfoSum is a company at the forefront of society's changing
digital needs, addressing data collaboration in a trusted and
privacy first-way, with an impressive track record of revenue
growth. The company sits within a significant addressable market,
and we look forward to offering our shareholders access to this
exciting opportunity.
InfoSum has developed proprietary technology that ensures brands
can enrich their data with other parties without it leaving their
environment. This offering has driven one of the fastest scale-up
revenue streams we have come across in the software space, and
significant engagement from major customers.
Given the nature of the product, InfoSum demonstrates "network
effect" potential, which we believe will be fundamental to driving
future revenue growth.
We are delighted to be partnering with InfoSum and look forward
to working with Brian Lesser (Chairman and CEO), Nick Halstead
(Founder and CTO), and the rest of the InfoSum team to deliver on
the possibilities of the technology."
Brian Lesser (Chairman and CEO of InfoSum) said:
"We are thrilled to be partnering with the Chrysalis team.
InfoSum is ready to take the next step in bolstering our
organization and continue changing the way that companies utilize
and protect consumer data. The market opportunity is substantial,
and the investment that Chrysalis has made in us will enable
InfoSum to grow our team, build a larger global footprint, and
continue investing in new product developments and product
enhancements."
About InfoSum
InfoSum is the world's leading data collaboration platform
empowering companies to deliver better customer experiences while
prioritizing customer privacy. Using patented, privacy-first
technology, InfoSum connects customer records between and amongst
companies, without moving or sharing data. Since launching the
platform in 2019, global customer-oriented companies across
financial services, CTV, retail, healthcare, gaming, and
entertainment trust InfoSum to seamlessly and compliantly deliver
better customer experiences.
InfoSum was founded in 2016 with a vision to connect the world's
data without ever sharing it. The company has multiple patents,
protecting its invention of the 'non-movement of data.' InfoSum is
based in the US, UK and Germany, with offices across Europe and
North America.
-ENDS-
For further information, please contact:
Media:
Montfort Communications +44 (0) 20 3770 7920
Charlotte McMullen/ Toto Reissland-Burghart/ Miles McKechnie chrysalis@montfort.london
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum:
Chris Clarke / Darren Vickers / Owen Matthews +44 (0) 20 3100 2000
Numis:
Nathan Brown/ Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey) Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at
https://www.chrysalisinvestments.co.uk/
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
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offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
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END
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August 17, 2021 06:29 ET (10:29 GMT)
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