Ogier acts for Europe’s first Big Data and AI-focused fund

Ogier has advised Serena Data Ventures, Europe’s first Big Data and AI-focused fund, on its investment in CybelAngel International.

An Ogier team, led by the firm’s head of Luxembourg corporate law advice Bertrand Geradin, provided Luxembourg legal advice on the investment to acquire a 17% stake in the company by way of subscription of series A preference shares.

CybelAngel is a French cyber security start-up that specialises in using Big Data solutions to detect data leaks.

Serena Data Ventures is an €80m venture capital fund established in January to invest in tech firms in the fields of Big Data, artificial intelligence, machine learning and internet of things.

Geradin said: “This project is representative of the work that we are seeing in the tech space – there is significant interest in investing in European tech start-ups, and we expect to see more activity in this innovative area.”

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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