PARIS, February 20, 2014 /PRNewswire/ --
Emertec Gestion, via Emertec 4 and Bpifrance - Ecotechnologies Fund, in the frame of the program 'Investing for the Future, managed by the French Environment Agency, ADEME, are investing 2.6 million Euros in IJENKO. Emertec Gestion thus joins the company's long-standing shareholders iSource, Bpifrance, Direct Energie, and Bouygues Telecom Initiatives.
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IJENKO, founded in 2008, brings an innovative collaborative vision to the active demand management of residential energy and provides its clients, including energy retailers, telecommunications operators, industrial groups and smart cities stakeholders, with a unique platform for energy efficiency, demand management and connected home services. It develops its products and services in France and internationally thanks to the different projects carried out in 2013 with Toshiba, Direct Energie, Bouygues, and other key players in the European market. IJENKO is also actively preparing for the emergence of regional energy management by transforming domestic consumption, micro-generation and storage capability into flexibility assets.
"The investment made by Bpifrance - Ecotechnologies Fund, and by Emertec Gestion shows the confidence that these two key players in investment capital have in IJENKO's strategy and our team's ability to deliver in the smart energy and smart home markets. It provides the company with the necessary means for European growth, which has accelerated since the beginning of 2013. This round enables us to consolidate the strength of our service platform for residential energy and the connected home with smart energy management, demand response connected to smart metering, and regional energy management, enabling large industrial groups of the sector," noted Serge Subiron, co-founder, chairman and CEO of IJENKO.
"The residential-user service market, of which energy management is a major component, is going to experience very strong growth in the next few years within Europe. IJENKO has a strong and modular service platform and leading industrial partners. It is therefore well positioned to take advantage of new opportunities in this smart-energy market. We are very pleased to support the two founders, Serge Subiron and Eric Chareyron in this business venture and to take a seat at this prestigious table," commented Eric Marty, executive board member of Emertec Gestion.
"IJENKO is now recognised as one of the leading international providers of Home Energy Management Systems (HEMS), with very significant technological and commercial progress in 2013, and leading partners such as Toshiba, Bouygues Telecom and Direct Energie, By providing a total investment of €2.6m in the company, Bpifrance is delighted to officially announce its participation in IJENKO's funding round, alongside such a key player as Emertec Gestion. This new investment will enable the company and its management to pursue ambitious expansion plans during this phase of strong operational growth," states Gilles Schang, investment director at Bpifrance - Ecotechnologies Fund.
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IJENKO is a B2B service platform for managing residential energy demand and smart homes. IJENKO enables energy providers, telecommunications operators, specialised distributors, service integrators/aggregators to offer their residential customers energy efficiency and smart heating downstream services, to better monitor and pilot the balance between production, consumption, and storage, as well as smart home services such as safety, home automation, lighting, etc. http://www.ijenko.com
About the Ecotechnologies fund of PIA managed by the general investment commission:
Endowed with 150 million Euros within the context of the implementation of the shares in the "Investing for the Future" programme which were entrusted to ADEME, this fund is underwritten by Caisse des Dépôts and managed by Bpifrance Investissement. FCPR Ecotechnologies is investing amounts from 1 to 10 million Euros, and is always looking for a pari passu co-investment with private parties, while always remaining a prudent investor. The fund targets equity capital transactions and quasi-equity capital transactions, for the acquisition of minority holdings, in innovative SMEs, mainly based in France and unlisted. The key areas of focus of the Ecotechnologies fund are drawn from the four "Investing for the Future" programmes which were entrusted to ADEME, namely (i) carbon-free renewable energy and green chemistry, (ii) smart grids, (iii) circular economy (waste recovery, eco-design, and industrial ecology), and (iv) vehicle of the future. The focuses of the Ecotechnologies fund are set out more accurately in the calls for expressions of interest made by ADEME and accessible on its website. http://www.bpifrance.fr - Follow us on Twitter: @bpifrance.fr
Emertec Gestion is an independent venture capital firm managing 150 million Euros through FCPR funds with large institutional and industrial investors. FCPR Emertec 4, supporting IJENKO in its investment, is dedicated to early-stage funding of innovative technological companies within the fields of energy growth, the environment, and mobility, through taking minority holdings between €1m and 5m. http://www.emertec.fr
About ADEME :
The Agency for the Environment and Energy Management (ADEME) is involved with the implementation of public policy concerning the environment, energy, and sustainable development. In order to enable them to advance in their environmental measures, the agency puts it expertise and advice at the disposal of companies, local collectives, local authorities, and the wider public. It also funds projects, from research to implementation, in the following fields: waste management, soil conservation, energy efficiency, renewable energy, air quality, and noise control. ADEME is a public body falling under the auspices of the Ministry for Ecology,Sustainable Development and Energy and the Ministry for Higher Education and Research. http://www.ademe.fr/IA_fonds_propres/
Bpifrance Investissement: Laurent Arthaud, Gilles Schang
Emertec Gestion - Eric Marty : +33(0)1-80-18-11-21
Ijenko legal team: LS Avocats
Investors' legal team: Jones Day Bpifrance: Julien Holeindre
Press contact: IJENKO - Arnaud Versaveaud : +33(0)1-77-49-46-38
Bpifrance - Nathalie Police : +33(0)1-41-79-95-26 - firstname.lastname@example.org
ADEME - Media service: +33(0)1-49-09-27-47 - email@example.com