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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The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South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.

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

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END

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August 17, 2021 06:29 ET (10:29 GMT)

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