Avolta is delighted to have acted as sole financial advisor to Fluid Topics on its €15m investment from Kennet Partners.
Transaction rationale. Fluid Topics, the leading Content Delivery Platform for product information, announced today the successful completion of its Series B funding round. Kennet Partners, a growth equity investor focused on capital-efficient companies, has invested €15m in the company to reinforce Fluid Topics’ premier position on the market by scaling operations across the United States and leveraging the potential of artificial intelligence in customer support applications. Existing investors include Ventech, the pioneering pan-European early-stage VC, and Credit Mutuel Innovation.
Fluid Topics. Founded in 1999 by Fabrice Lacroix, Fluid Topics launched its Content Delivery Platform in 2014, reinventing how people search, read, and interact with product documentation. Specifically, Fluid Topics’ SaaS-based platform unifies all product knowledge from a company: technical documentation, datasheets, marketing material, multimedia and more. It then delivers it as actionable information tailored to the user in a contextualized, personalized, and secure way, via business applications and digital communication channels.
The company generates 60% of its sales in North America and 40% in Europe. This new round of funding will enable the company to establish a team in the US and leverage the potential of AI in customer support.
Kennet Partners. Kennet is a leading international growth equity firm that invests in high-growth companies in Europe and North America. The firm has approximately $1 billion of cumulative funds under management. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value. Kennet Partners Limited is authorized and regulated in the United Kingdom by the Financial Conduct Authority.
This transaction sets another landmark in B2B SaaS for Avolta after having recently advised Dartagnan on its sale to BID Equity, Unifai on its sale to Akeneo, the €21m series B of Opendatasoft with Salesforce Ventures, Demeter, Eiffel and Odyssée Venture and the €10m series B of Deepomatic with EnBW, Orbia Ventures, Hi Inov, Swisscom and Alven.
