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Testimonials

  • cathay capital innovation« Our open innovation partnership with Cathay Innovation is like a passport to China. It allows us to benefit from their strong local deal flow and to possibly co-invest. The fund is a unique platform for introductions to the best innovative companies and gives us the capacity to do real business development with them. »

    François-Xavier Meyer,
    Vice-president of SEB Alliance

  • cathay capital innovation« A good investor is not only a lubricant and a catalyst for portfolio companies’ activities, but also a close and trustworthy partner on the road to success. Cathay Capital is such an investor! »

    Tingjun YOU,
    Founder and CEO of LUMI

  • cathay capital innovation« We are delighted to have Cathay Capital as partner supporting our global growth. Our strategic visions are perfectly aligned and we are excited to achieve dynamic growth on multiple continents as we develop innovative ergonomic and mounting solutions to satisfy expanding demand for products that improve health, wellness and productivity.  »

    David Fox ,
    CEO of Innovative Office Products

  • cathay capital innovation« The strategic positioning of Cabio is to become an invisible champion of the niche market for high-end food ingredients based on highly effective biological technology. Cathay Capital has extensive resources and practical experience in the cross-border investment field and food industry, which will provide a strong support for Cabio`s development, especially in helping the company’s development on international market. We are confident that together with Cathay Capital, Cabio will be developed into a world-class provider for premium nutrition and food ingredient solutions. »

    Dewei Yi,
    Founder and President of Cabio

  • cathay capital innovation« By acting as a trusted shareholder, Cathay Capital has helped to strengthen mutual understanding and to secure our relationships with French partners. Thanks to Cathay Capital’s valuable role, Suofeiya today represents a real success story, which has successfully completed its IPO and continues to push forward its development with dynamism. »

    Ke Jiansheng,
    Suofeiya

  • cathay capital innovation« The close involvement of the Cathay Capital team with our activities allowed us to pursue our growth at a sustained level and to reach a higher level in terms of our international development, particularly in Asia. »

    Alexandre Crazover,
    Datawords

News

  • MEDWING closes €28M in financing to accelerate healthcare system digitalization Read more

    MEDWING closes €28M in financing to accelerate healthcare system digitalization

    • Successful series B funding round led by Cathay Innovation, Northzone, Atlantic Labs, Cherry Ventures and Adevinta
    • MEDWING is the leading health-tech company for recruiting and personnel management in the European healthcare sector
    • With more than 200,000 healthcare professionals, MEDWING manages the largest pool of expert personnel in the European healthcare industry.
    • More than 2,500 hospitals and nursing homes in Germany rely on the MEDWING matching platform and personal consulting

    Berlin, 26 May 2020 – MEDWING (medwing.com), one of Europe's technologically leading health-tech companies, has successfully closed its 28 million EUR series B financing round, led by Cathay Innovation, with participation from existing investors Northzone, Atlantic Labs, Cherry Ventures and Adevinta. For Cathay Innovation, a global venture capital fund based in San Francisco, Singapore, Shanghai and Paris, this is its first investment in a German company.

    MEDWING's mission is to make working in the healthcare sector more attractive and to solve the shortage of healthcare personnel. The Berlin-based company wants to empower the candidates to work in a way that suits their individual lifestyles and to support hospitals and care facilities in recruiting and human resource management. This is achieved through the combination of innovative matching, communication technology and personal consultation.

    According to the World Bank, the global shortage of health professionals is expected to rise to around 20 million by 2030. In Germany, according to a survey by the Ipsos Institute, 6 out of 10 Germans (61%) believe that the shortage of healthcare professionals is the main issue of the German healthcare system.

    This creates the need to make better use of existing personnel, avoid misplanning and increase transparency. MEDWING offers digital solutions for this purpose, aiming to become the leading one stop shop for jobs in the healthcare sector.

    With more than 200,000 professionals registered with MEDWING and 2,500 partner hospitals, nursing homes and medical practices nationwide, the technology company, founded in Berlin in 2017 by Johannes Roggendorf and Dr. Timo Fischer, operates the largest personnel pool and the most modern job matching system for the European healthcare sector. Every month, the company registers more than 15,000 new candidates, places over 100 health care experts in permanent positions and fills more than 2,000 individual shifts via its own platform.

    MEDWING will use the new capital from the financing round primarily to expand its technological lead and to develop further features, products and services that are specifically aimed at health professionals, and at hospitals and care facilities. The capital will also be used to expand its international business and team. Currently, MEDWING operates in Germany, France and the UK, with further countries to follow, and has a team of over 200 employees from over 30 countries.


    At the moment MEDWING is also leveraging its technology pro bono in the fight against the coronavirus, placing nurses, doctors and non-medical volunteers in hospitals, nursing homes and private households that need support, as part of the initiative “WIR WOLLEN HELFEN” (wirwollenhelfen.com). With this nationwide initiative in Germany, the company is not only providing concrete help in times of need right now, but is also managing to reactivate the "hidden labour force" and build up a stand-by pool for society in the long term. This means that help can be provided quickly and effectively in the event of a crisis. Within a month, over 10,000 professionals and volunteers have already registered with the initiative.

    Johannes Roggendorf, Founder and Managing Director at MEDWING: "Our goal is to address the global shortage of healthcare workers and to improve access to healthcare globally. Today, we have the technology to think and live healthcare completely differently – making it better for everyone. For example, we can balance work and family life for healthcare professionals in a way that no one needs to be stressed out anymore. We make it possible for well-trained nursing staff who give up their job after a few years and do something completely different to return to their actual calling. It is not acceptable that hospital wards have to be closed due to staff shortages. We solve these important societal challenges. A goal that we share with our investors."

    Dr. Timo Fischer, Founder and Managing Director at MEDWING: "Many healthcare systems around the world are facing similar challenges. The question is: how can we simultaneously ensure high-quality and successful patient care, satisfied and motivated staff and high cost efficiency in the operating business for hospitals, nursing homes and doctors' practices? The answer is: with the right technology and individual advice.  This is exactly what defines us at MEDWING.“

    Jacky Abitbol, Partner at Cathay Innovation: "The digitalisation of work and digital health are among Cathay Innovation's core investment themes. MEDWING stands exactly at this crossroad and it is therefore no coincidence that with the returning of Costanza Carissimo to Europe, we chose the company for our first investment in Germany. MEDWING’s platform has already brought positive changes to the recruitment, human resources management and care of many hospitals and institutions, especially highlighted during this covid-19 crisis. We strongly believe in Johannes and Timo’s vision and are excited to leverage our global platform to support them as they expand further across Europe."

    Michiel Kotting, Partner at Northzone: "The healthcare sector is under increasing pressure. MEDWING offers candidates and healthcare providers a platform that improves the experience of finding and retaining talent. It is a turning point in an industry dominated by fragmented and non-digital incumbents. Johannes and Timo have a deep understanding of the market and are well positioned to build a market leader in this area. This approach has convinced us from the very beginning".

    ABOUT MEDWING
    MEDWING (medwing.com) is Europe's technologically leading job matching and career consulting company for all healthcare professionals. A modern technology company that uses the advantages of digitalization and automation to make the matching process between professionals and hospitals or care facilities as timely, efficient, transparent and simple as possible for all parties involved. Our aim is to make working in the health care professions more attractive and to eliminate the shortage of personnel in the healthcare system. We want to enable every candidate to work the way they want to. To achieve this, we rely on innovative technology and personal contact. As a digital health company we are growing rapidly and currently have around 15,000 new registrations per month, over 100 professionals find a new job in the health industry every month and over 2,000 shifts are placed each month. With over 200,000 trained professionals, we have one of the largest pools of employees for medical and nursing professions in Germany and Europe. We currently work with more than 2,500 hospitals and nursing homes, thus helping to avoid staff shortages. MEDWING, founded in 2017 by Johannes Roggendorf and Dr. Timo Fischer, is active not only in Germany, but also in France and the UK and currently employs around 200 people from over 30 nations. Business Insider put MEDWING on the "Watchlist der 20 vielversprechendsten Unternehmen", at the beginning of this year, LinkedIn voted us the “Top Startup 2019” in Germany. During the Corona crisis MEDWING initiated the nationwide pro bono initiative “WIR WOLLEN HELFEN”.

    ABOUT CATHAY INNOVATION
    Cathay Innovation (cathayinnovation.com) is a global venture capital fund, created in affiliation with Cathay Capital Private Equity. It was founded around the shared conviction that supporting digital entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to driving change through technology. Such transformation is accelerated by leveraging Cathay Capital Private Equity's extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing, Shanghai and Singapore. To learn more, please visit cathayinnovation.com or follow us on Twitter @Cathayinnov.

    ABOUT NORTHZONE
    Northzone (northzone.com) is an early stage venture capital fund built on experience spanning multiple economic and disruptive technology cycles. Founded in 1996, Northzone has to date raised nine funds and invested in more than 150 companies, including category-defining businesses like  Spotify, iZettle, Avito, Kahoot!, Klarna, Trustpilot among others.

    Media Contact
    MEDWING GmbH
    Sophie-Theres Guggenberger
    Press and Public Relations | Company Spokeswoman
    Rosenthaler Straße 63-64
    10119 Berlin
    Germany
    sophie.guggenberger@medwing.com
    +49 (0)30 549 082 926
    +49 (0)157 923 968 05

     

  • Cathay Capital raises €1.3 billion to support entrepreneurs Read more

    Cathay Capital raises €1.3 billion to support entrepreneurs

    Cathay Capital announces that it has raised €1.3 billion to support entrepreneurs, following the final closing of the €800 million Midcap II fund and the achievement of the €500 million target for Cathay Innovation II.

    Those two investment vehicles are operational and will enable Cathay's teams to best support start-ups (for Cathay Innovation II) as well as SMEs and ETIs (for Midcap II), helping them to finance and implement their projects.

    These two funds are global and will invest locally in companies in the geographical areas where Cathay operates, namely Europe (mainly France, Germany and Spain), Asia (China but also South East Asia via the group's new office in Singapore), and North America.

    The teams associated with these two funds will invest in sectors that present significant development opportunities and stand out for their sustainable growth potential, such as healthcare, high-tech industry, new modes of consumption, education and digital services.

    Specifically, Cathay Innovation II will continue to support the digital transformation and the industrial revolution induced by artificial intelligence, with major and cross-cutting applications for retail, fintech, healthcare, mobility and energy.

    Cathay Innovation II has recently been selected by both the French Ministry of Economy and Finance and the French Ministry of Digital Economy, as one of the few funds qualified for their involvement in financing French technology companies, and more particularly in supporting start-ups in their industrial and commercial development in the scale-up phase.

    These two vehicles are in line with their previous vintages and mark a new stage in the development of the Cathay platform, with a significant increase in means made available to entrepreneurs for each of the two strategies (from €500m for Midcap I to €800m for Midcap II; and from €287m to over €500m for Cathay Innovation II). 

    The raising of these two funds was made possible by the renewed confidence of Cathay's historical investors, and by the arrival of new partners attracted by Cathay's values and achievements, notably international institutional investors.

    About Cathay Capital Group

    Cathay Capital Group is a global investment platform specialized in cross-border development with a focus on Northern America, Asia, Europe and Africa. The group identifies investment opportunities with the potential to impact the world and accompanies portfolio companies in their international expansion through its ecosystem of partners and the local expertise of its close to 100 employees based in Paris, Shanghai, Beijing, New York, San Francisco, Munich, Tel Aviv and Singapore. Founded in 2007, the Group has completed over 140 buyouts, growth and venture capital investments and manages €3.5 billion in assets, distributed in a range of investment strategies and vehicles.

    For more information, please visit www.cathay.fr

    Follow us on LinkedIn, Twitter @CathayCapital

  • Owkin Raises $25M to Scale its Privacy-Preserving Federated Research Ecosystem, Essential in the Public Health Crisis. Read more

    Owkin Raises $25M to Scale its Privacy-Preserving Federated Research Ecosystem, Essential in the Public Health Crisis.

    As the world responds to COVID-19, speed, and collaboration in clinical research has never been more important. Our collective race to understand and discover treatments for this threat to society offers unprecedented opportunities to improve the field of medical research.

    Paris, New York, May [7th], 2020 - Owkin, a company creating the new frontier for collaborative medical research, announced today a $25M funding round led by Bpifrance Large Venture, with co-investments from Cathay Innovation and MACSF (French Pension Fund for Clinicians), joining renowned investors such as GV, F-Prime Capital and Eight Roads.

    Owkin is connecting the world's best data scientists, clinicians, academic researchers and pharma like never before in an artificial lab, to unveil medical discoveries (biomarkers, mechanisms, models of prediction) for better drug development and commercialization. All in a privacy-preserving platform powered by cutting-edge technologies in federated learning, multimodal and interpretable AI applied on the most exceptional, research-grade datasets curated by the best physician researchers in the world.

    Laurent Higueret, Investment Director at Bpifrance Large Venture, who is joining Owkin’s Board of Directors, states: “Through this investment, we are especially proud to back a new leader in artificial intelligence, with a global roadmap, and an impressive management team and investors pool. This round also confirms Bpifrance investment ambitions in deeptech and biotech.”

    Thomas Clozel, Owkin co-founder and CEO, adds: “This commitment from Large Venture is the steppingstone of a long-terme collaboration between Bpifrance and Owkin, powered by a shared vision to develop technologies to improve patients’ outcomes.”

    Owkin scientists believe that achieving the most accurate view of patient treatment requires collaboration that is both inclusive and secure. To that end, Owkin is assembling a global research network powered by federated learning, a framework for AI model development that enables to train ML models on distributed data at scale across the very best academic medical institutions in the world without centralizing the data.

    Through decentralized ML and AI, Owkin enables researchers to draw insights from millions of patients’ multimodal data points, while keeping patient data local – preserved safely within the hospital’s local security infrastructure. Owkin proprietary platform, Owkin Studio, integrates these biomedical images, genomics, and clinical data to discover biomarkers and mechanisms associated with diseases and treatment outcomes that will propel the next generation of drugs.

    The result: an acceleration of the clinical research process that offers protected data for patients, exhaustive traceability of computations for institutions, maximum collaboration for researchers, and predictive power for data scientists.

    Jacky Abitbol, Partner at Cathay Innovation, says: “Since we first backed Owkin in 2017, we have been sharing its vision to apply AI to fighting one of the most dreadful diseases on hearth: cancer. Owkin has risen to become a leader in digital health, we are proud to grow our investment in the company to fuel its ambition to pioneer AI for medical research, while preserving patient-privacy and data security.”

    Stanislas Subra, Head of Venture Capital at MACSF, explains: “In only a few years, Owkin has managed to build a platform fueled by state-of-the-art privacy-preserving AI technologies to empower researchers in academia and pharma. We are delighted to fund its growth.”

    To fight today’s covid-19 pandemic, Owkin launched the Covid-19 Open AI Consortium (COAI), leveraging Owkin’s platform and technologies, with the aim of advancing collaborative research and accelerating clinical development of effective treatments for patients infected with the coronavirus. Following Owkin collaborative philosophy; COAI unites academic institutions, researchers, data scientists and industrial partners to fight the Covid-19 pandemic. All of its findings will be shared with the global medical and scientific community. The first live research area explores cardiovascular complications in Covid-19 patients in collaboration with Capacity Covid, an international registry working with over 50 centers worldwide. Other planned areas of research include patient outcomes and triage, prediction and characterization of immune response.

    About Bpifrance Large Venture Fund

    Large Venture is a €1.3 Billion venture capital fund, part of Bpifrance - the Public Investment Bank of France. Large Venture invests in fast-growing, capital intensive and highly promising startups looking to finance organic or external growth and having already raised capital. The team focuses on healthcare or green technology investment opportunities. For more information, please visit www.bpifrance.fr, follow @Bpifrance @BpifrancePresse on Twitter, or contact Laure Schlagdenhauffen laure.schlagdenhauffen@bpifrance.fr

    About Cathay Innovation

    Cathay Innovation is a global venture capital fund, created in affiliation with Cathay Capital Private Equity. It was founded around the shared conviction that supporting digital entrepreneurs by providing them with a platform bridging 3 continents, North America, Europe and China, constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to driving change through technology. For more information, please visit www.cathayinnovation.com, follow @Cathayinnov on Twitter, or contact Yoann Besse Yoann.Besse@citigatedewerogerson.com

    About MACSF (Mutuelle d’Assurance du Corps de Santé Français)

    MACSF has been the first pension fund for clinicians and medical professionals in France for over 80 years. Employing more than 1,500 specialists and generating more than €2 Billions in revenues. For more information, please visit www.macsf.fr/groupe, or contact Severine Sollier severine.sollier@macsf.fr

    About Owkin

    The French-American startup, which was co-founded in 2016 by Dr. Thomas Clozel, a clinical research doctor and former assistant professor in clinical hematology and Gilles Wainrib, PhD, a pioneer in the field of artificial intelligence in biology, has raised $55 million in venture capital. It provides AI technologies to several of the largest health medical centers and pharmaceutical companies in Europe and in the U.S. For more information, please visit www.owkin.com, follow @OWKINscience on Twitter, contact Anna Huyghues-Despointes: anna.hd@owkin.com

  • Waytous, the leader of unmanned intelligent mines, completed A2 round of financing and aims towards a global development with the Support of Cathay Cartech Fund Read more

    Waytous, the leader of unmanned intelligent mines, completed A2 round of financing and aims towards a global development with the Support of Cathay Cartech Fund

    Waytous officially announced that it has secured more than 100 million RMB A2 round of financing. Up to now, Waytous had raised, over 200 million RMB in series A round of financing since July 2019.

    The A2 round of financing was led by Cathay Cartech Fund, expert in the field of automobile and logistics, followed by FOF, Hai Chuang Fund of Funds, by Hina Group and by Sigma Square Capital, Waytous’ oldest shareholder.

    Cathay Capital is a leading global cross-border private equity investment platform, with 3.5 billion euros assets under management. Cathay Cartech Fund under Cathay Capital pays special attention to companies with great prospects and potential in the implementation of hard tech industry.

    Waytous attracted high-quality capitals thanks to its technical strength, great innovation ability and solid industry reputation.

    Dr. Long Chen, the CEO of Waytous, states:

    “It’s an honor to have the recognition and trust of Cathay Cartech Fund and Haichuang fund of funds. Together we will work to change the traditional mining industry and build a world-class leading intelligent ecosystem. The Chinese government recently published its guiding opinions on accelerating the development of intelligent coal mine before 2025. In 2020, we will continue to invest in productization, platformization and systematization. In parallel, we will further promote the implementation of unmanned solutions of underground mines as well as fostering the mass production and delivery of autonomous mining equipment. We will largely benefit from Cathay’s profound international background and global vision; Cathay is a great partner for exceptional start-ups to move further towards the international market. In 2019 Waytous has started its overseas business in North America and Africa and will now accelerate the internationalization of its business with new partners joining.”

    According to John Li, the partner of Cathay Cartech Fund:

    “Technology innovation drives the improvement of efficiency. The intelligent mine is a hundred-billion-value market that needs to be realised. It is also one of the most important field of implementation for the autonomous-driving technology. While the traditional mining industry is facing issues such as labor shortage, safety supervision and cost benefit, Waytous brings a comprehensive solution to these challenges. Waytous is a pioneer of this technology in China and has accumulated years of technological expertise in unmanned mine and are highly recognized by mining companies and machinery manufacturers. As of now, they are the only supplier that can provide a complete product line. Cathay will bring its industrial knowledge,international resources and global deployment skills to promote Waytous’ expansion, especially in the North American and African markets.”

    The first autonomous mining solution

    In China, the first total autonomous mining was officially launched in September 2019 and put into commercial operation. The autonomous haulage system in the total solution of unmanned mine provided by Waytous can carry out the functions of autonomous transportation, truck-excavator coordination, intelligent dispatching, and emergency takeover.

    The latest autonomous truck is 8.7m long, 4m high, with a full load of 90 tons and stable speed of 20km / h. Three systems, autonomous driving, fleet scheduling and remote control, are applied, which can fully meet the requirements of mining operation. The total solution can eliminate the risk of personal safety, reduce the operating cost, and play a crucial role in improving the profitability of mining enterprises. This is the only total solution for autonomous mines in China with independent intellectual property.

    World-class team fostering technical revolution in traditional manufacturing

    As a pioneer of autonomous intelligent mine, Waytous’ team has almost 30 years’ experience in this field and come from the best universities worldwide. Guided by Prof. Wang, our chief scientist professor (the director of The Sate Key Laboratory for Management and Control of Complex Systems at China Academy of Science), the team built China’s first autonomous Intelligent mine system and provided optimum total solutions for end to end autonomous mine transportation based on our deep understanding of the autonomous driving technology and extraordinary industrial design abilities.

    Promoting the formulation of industrial standards and creating intelligent mine ecosystem

    In response to the accelerating business implementation of unmanned mines, Waytous is bringing more professionals in business development, production management, quality control and after-sale service on board. We are actively improving the supply chain system, constructing a powerful operating system, building operations centers in core mining in China. Nowadays, Waytous is thoroughly connecting the upstream and downstream companies and will reunite them to accelerate the construction of the intelligent mine ecosystem.

    Turning challenges into opportunities and empowering the future to build a harmonious coexistence of man and nature

    Waytous’ CEO Dr. Long Chen says: “The coronavirus outbreak at the beginning of 2020 sets a big challenge to the industry but can be viewed as a turning point in technology upgrading.” The artificial intelligence has great potential in increasing productive and operating efficiencies. It is the most effective and reliable way to ensure workers’ safety and protecting the industry from uncontrollable effects. In the next 3 years, Waytous will further cement our core technology and facilitate its implementations. Starting with mine sites, we will reach out for more scenarios that our autonomous-driving system can be applied in.  Waytous will conduct business around the world at the same time and increase the safeness and the stability of our products. Our goal is to build a modernized society where human and the nature can live in harmony.”

  • Le Wagon raises 17 million euros from Cathay Capital and AfricInvest to become the world reference in tech bootcamps Read more

    Le Wagon raises 17 million euros from Cathay Capital and AfricInvest to become the world reference in tech bootcamps

    Founded in 2013 and self-financed until now, the French start-up concludes its first fundraising to consolidate its offer and expand internationally

    Paris, March 3, 2020 - With campuses in 38 cities on 5 continents and a community of more than 7,000 alumni, Le Wagon has quickly established itself as a global reference in intensive coding bootcamps. The school announces its first fund raising of 17 million euros, from the lead investor, the international investment fund Cathay Capital, and the AfricInvest fund.

    Founded upon a tried-and-tested learning method focused on practical exercises, Le Wagon offers high quality training with a high degree of operationality and employability allowing students to quickly integrate into tech companies or launch their project.

    Ranked the best coding bootcamp in the world 4 years in a row (Switchup ranking), Le Wagon is a global reference in digital upskilling, vocational reskilling and in the digital transformation of individuals as well as companies.

    Consolidating international presence and expanding offering

    After an initial phase of strong, self-financed growth, its three founders decided to open Le Wagon’s capital in order to accelerate the company's development with three major objectives:

    • Consolidating its international footprint in Europe, Asia, Latin America, North America and Africa, by continuing to open newcampuses and investing in the international network of franchisees.
    • Expanding the training offering. The Group is committed to meeting training needs and business evolution as closely as possible, as well as providing the necessary operational support to all its current and future campuses and to developing its training programs.

    A few days ago, Le Wagon launched its new data science bootcamp enabling individuals and companies to master the fundamentals of data science and machine learning. Currently available in Paris, Berlin and Shanghai, this new 9-week training course will be deployed on all campuses and offer full-time and part-time formats.

    • Developing its BtoB offering, Le Wagon Executive, which is aimed at companies of all sizes to train their teams involved in digital functions as part of their digital transformation projects. With its tailor-made acculturation, upskilling and reskilling offers, Le Wagon Executive has already trained more than 1,000 employees.

    "This fundraising marks a new milestone in our development. Ever since Le Wagon’s foundation, we have concentrated our efforts on iterating on our teaching methods, building an international network of campuses, as well as a network of partner companies that recruit from among our students. Our model is now proven, and this funding will enable us to deploy it more effectively on a global scale and to broaden our training offerings, while preserving our DNA: teaching new skills and training for tomorrow's professions. Cathay Capital has quickly established itself as a natural partner, thanks to its presence in Europe, Asia and the United States, and a dual expertise in the digital and education spaces. We are also delighted that AfricInvest is accompanying us in the implementation of our ambitious strategy on the African continent" explain Boris and Romain Paillard, co-founders of Le Wagon.

    "In just a few years, the Wagon has developed a unique, high-impact model that has already enabled thousands of people to acquire new skills and trained them for the future of work. Today, Le Wagon is well-positioned to become the world reference in tech training and we are delighted that Boris, Romain and Sébastien and the entire team has chosen us to support them in their next major step. With our international footprint and our expertise in education and the digital sector, we will do our utmost to accelerate the team’s growth in B2C and B2B in Europe, Asia, the United States, as well as in Africa with the AfricInvest teams", explains Fabien Wesse, Partner at Cathay Capital.

    About Le Wagon

    Le Wagon is a coding school open to all and which offers short and intensive training (bootcamp) in web development and data science. Le Wagon's mission is to enable the greatest number of people to learn technical skills in order to update their skills, to promote their retraining or to provide them with the tools they need to launch their project. The school offers a web development program, recognized as the best short training in the world as well as than a program in data science. Launched in 2013, Le Wagon today boasts an international presence in 38 cities around the world, the training of 7,000 people from all walks of life, a proven teaching method, a vast community of alumni, an offer accessible to individuals but also to companies to train their employees.

    Le Wagon is co-founded by the Boris brothers (former financial analyst) and Romain Paillard (former lawyer), as well as Sébastien Saunier (ex-Google). https://www.lewagon.com

    About Cathay Capital Group

    Cathay Capital Group is a global investment platform specialized in cross-border development with a focus on Northern America, Asia and Europe. The group identifies investment opportunities with the potential to impact the world and accompanies portfolio companies in their international expansion through its ecosystem of partners and the local expertise of its close to 90 employees based in Paris, Shanghai, Beijing, New York, San Francisco, Tel Aviv, Munich and Singapore. Founded in 2007, the Group has completed over 130 buyouts, growth and venture capital investments and manages €3.5 billion in assets (as of 31/12/2019), distributed in a range of investment strategies and vehicles.

    For more information, please visit www.cathay.fr 

    About AfricInvest

    Founded in 1994, the AfricInvest Group (www.africinvest.com) is a pioneer and a leader in Private Equity in Africa. With close to EUR 1.5 billion in assets under management, AfricInvest has so far carried out more than 160 investments in close to 30 African countries – and in France – thanks to its 70 people strong team representing 13 nationalities and a broad range of complementary skills. They operate from 9 offices in Abidjan, Algiers, Casablanca, Lagos, Cairo, Nairobi, Paris, Port Louis and Tunis. Since January 2017, AfricInvest’s European team in Paris invests in the Franco-African Fund (FFA) a professional private equity fund dedicated to French SMEs which are stakeholders or with a footprint in Africa. Since its foundation, the FFA has completed 8 operations in a diversity of sectors (health, education, environment, tourism, industry, …). The Group’s mission is to accompany participations in their development in Africa through its unique continental network.

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