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  • 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,

  • 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 accelerates its international development with a capital change Read more

    Datawords accelerates its international development with a capital change

    The Datawords Group announces today its capital change to support the company’s strong international growth strategy. Keensight Capital, one of the leading European Growth Buyout1 firms, replaces Cathay Capital as majority shareholder of Datawords, alongside the founders’ team.

    The Datawords Group has a history of rapid expansion over the last five years, its turnover rose from €30 to €70 million (at the end of 2019) and the number of employees doubled to reach 800 people.

    The sustained organic growth has been particularly driven, since 2015, by the successful deployment strategy in North America (with the gain of numerous clients in the United States and the opening of new offices in Montreal and Mexico City) and the strengthening of the Group's activity in Asia, particularly in continental China (with new offices in Shanghai and Manila, following those in Hong Kong, Seoul, and Tokyo).

    Benefiting from the active support of its shareholders, Datawords has also carried out several external growth operations over the past few years, with the acquisitions of Vanksen, 87 Seconds and WhatSquare, enabling it to accelerate the diversification of its service offering.

    The Group's technological expertise was also strengthened through major investments in the development of proprietary solutions (Wezen) and the launch of several strategic partnerships (notably with Adobe, Assist or ContentSquare).

    Today, Datawords is a fully integrated global Group, offering its customers the ability to roll out digital and video content on an international scale, with the support of multilingual technologies.

    The arrival of Keensight Capital as a majority investor will enable Datawords to pursue and accelerate its technological innovation strategy, especially in the field of Artificial Intelligence. Furthermore, Datawords will continue to enrich its offering of digital content creation and production offering and expand its international presence.

    Stanislas de Nervo, Co-founder and CEO of Datawords, comments: "Datawords will celebrate its 20th anniversary next June with the opening of a new chapter. The last five years were truly transformative for us as we built a unique platform on three continents, integrated and developed new expertise and attracted new talent. Cathay Capital will always hold an important place in our history for having twice supported us as a shareholder in the creation of a truly international Group. We are delighted to enter this new phase of our history with Keensight, building on the relationship of trust we have enjoyed since 2015."

    Philippe Crochet, Managing Partner of Keensight, said: "We are very pleased to continue and to deepen our collaboration with the co-founders of Datawords and the talented multicultural team they have built up and with whom we are very familiar. The unrivalled quality of service offering of Datawords, which is a world leader in its sector, coupled with the ability of its managers to generate double-digit growth every year for the past 20 years have convinced us to invest a majority stake in this great entrepreneurial adventure. We intend to leverage our extensive expertise in the IT sector to support the Group in successfully stepping up to the AI challenge internationally."

    Edouard Moinet, Co-founder and Managing Partner at Cathay Capital said: "By meeting an unmet demand and combining technological expertise and cultural understanding to facilitate the international deployment of content, Datawords has succeeded in creating a new agency model. We are proud to have supported Datawords during this transformative phase by carrying out several build-ups and accelerating its development in Europe, North America and Asia. We are pleased to pass the torch to Keensight to pursue Datawords' internationalization and growth momentum."

    *   *   *

    About Datawords             

    Created in 2000, Datawords combines the understanding of local cultures and technological expertise to implement the international strategies of major global brands on any digital platform. Headed by a team of co-founders, Datawords is today established in EuropeAsia and the USA. Datawords differentiates itself with e-multicultural technologies and the diverse backgrounds of its 800 employees who represent 50 nationalities and more than 60 languages. Datawords recorded a €70M turnover in 2019. Vanksen, 87seconds and Digiprod are also part of the Datawords Group.

    More info on and on LinkedIn

    About Keensight Capital               

    Keensight Capital, one of the leading European Growth Buyout firms, is committed to supporting entrepreneurs as they implement their growth strategies. For 20 years, Keensight Capital’s team of seasoned professionals has leveraged their knowledge of investment and growth industries to invest for the long term in profitable companies with high growth potential and revenues in the range of €15 million to €250 million. Drawing on its expertise in the Information Technology/Internet and Healthcare/Wellbeing sectors, Keensight identifies the best investment opportunities in Europe and works closely with management teams to develop and achieve their strategic vision.

    About Cathay Capital Group

    Cathay Capital Group is a global investment platform specialized in cross-border development with a focus on Northern America, China 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, Munich and Tel Aviv. Founded in 2007, the Group has completed over 120 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

    Media Contacts


    Raphaële Coulot-Brette - - +33 (0)1 55 30 71 07

    Keensight Capital

    Anne de Bonnefon - - +33 (0)1 83 79 87 37   
    Alienor Miens – - +33 (0)6 64 32 81 75            
    Alexandre - + 33 (0)7 62 72 71 15      

    Cathay Capital    
    Yoann Besse - +33 (0)6 63 03 84 91

  • Innovative Office Products Acquires SiS Ergo (Danish Pioneer of Height Adjustable Tables Brings More Robust Product Offering to IOP Customers) Read more

    Innovative Office Products Acquires SiS Ergo (Danish Pioneer of Height Adjustable Tables Brings More Robust Product Offering to IOP Customers)

    EASTON, PA. – Feb. 10, 2020 – Innovative Office Products (IOP), parent company to HAT Contract and a leader in ergonomic monitor, tablet, sit-stand mounting products and height adjustable desk solutions for office, healthcare and other specialty workspaces, announced today that it has acquired SiS Ergo. Founded and headquartered in Denmark, SiS Ergo is a manufacturing pioneer of height adjustable tables. Since introducing the first height adjustable desk in 1970, SiS Ergo today manufactures ergonomic electric and non-electric height adjustable tables and accessory products for a broad range of workplace ergonomic needs. SiS Ergo products are known for their Danish-inspired modern and minimalistic aesthetic, superior functionality, unique customization options and expert craftsmanship.

    The acquisition of the SiS Ergo brand and its suite of products provides a strong complement to IOP’s existing line of HAT-branded ergonomic office products and immediately creates a broader and more diverse product offering to the market. It also expands IOP’s international footprint with advanced manufacturing capabilities in Denmark and increases sales capabilities across Europe, China and Southeast Asia.

    “With the addition of SiS Ergo and its Danish design roots, we have a truly unique and inspiring product solution for the contract marketplace,” said IOP CEO Dave Fox. “What’s more, SiS Ergo’s ability to offer customized product solutions, short lead times and first-rate customer service aligns perfectly to our existing business approach. We are excited to have SiS Ergo as part of our Innovative Office Products family.” 

    “It is apparent that our companies share a passion for innovative design, product quality and exceptional customer service,” said SiS Ergo Principal Owner Claus Hansson. “We’re looking forward to leveraging our expertise in customized solutions and Danish aesthetics with the additional resources from IOP. We see tremendous opportunities to accelerate the business and meet the continued needs of the marketplace globally.”

    Under the terms of the transaction, Hansson will now report to Fox. SiS Ergo President Scott McPartlin will report jointly to Fox and IOP General Manager, Vice President of Sales Jeff Wolber. The SiS Ergo brand name will remain, as will its manufacturing operations in Denmark. In the U.S., SiS Ergo will maintain its headquarters in Londonderry, N.H., continuing to serve its customers through its current sales force.

    Additionally, both Hansson and McPartlin will become minority shareholders of IOP’s holding company, joining a private equity consortium led by Cathay Capital along with IOP management team shareholders.

    “We are thrilled to welcome Claus and Scott to the IOP family. The addition of SiS Ergo will allow us to serve a much broader customer base within existing and new markets.  We are looking forward to IOP’s expanded market position given its comprehensive product and service range that addresses ergonomic needs across the office, healthcare and specialty workspace environments,” said Mark Woods, Partner and Head of North American Private Equity at Cathay Capital.

    Mingpo Cai, Founder and President of Cathay Capital, commented, “We are excited to partner with the talented team at SiS Ergo, as they will help further fuel IOP’s international expansion strategy in Europe, China and Southeast Asia while deepening our presence in North America.”

    More information about IOP, HAT Contract and SiS Ergo can be found at the following websites:

    IOP:  | HAT: | SiS Ergo:


    About SiS Ergo

    Dating back to 1966, SiS Ergo represents a world of innovative ergonomic products. For over 50 years, SiS Ergo has been a pioneer in design and manufacturing of ergonomic solutions for all work environments. Using Danish craftsmanship and the design concepts of simplicity and functionality, SiS Ergo products can be seamlessly integrated into any type of workspace. As a company, we are constantly reinventing and improving upon our designs to provide the best solutions for the ever-changing economic, environmental and ergonomic needs of today's workplace. Research has shown the multiple health benefits of sit-to-stand desks. SiS Ergo is proud to work with companies that are mindful of the well-being of their employees while providing energized and flexible spaces for maximum productivity.  More information can be found at

    About Innovative/HAT Contract

    Innovative/HAT Contract ( is an award-winning designer and manufacturer of ergonomic products and accessories that improve health, wellness and productivity across a range of work environments, including the office, healthcare and point-of-sale markets. The Company has over 200 employees working in the U.S. to design and assemble a majority of products in its Easton, PA headquarters. Innovative/HAT Contract works closely with customers from start to finish, providing a range of high quality products that exceed client expectations. In 2018, the Company acquired San Jose, CA.-based HAT Contract, a leading North American designer, contract manufacturer and distributor of office open space products including height adjustable tables, power/data beams, drawer pedestals, dividers and electrical components for benching and bases. More information about HAT Contract can be found at Connect with us on social media at: Facebook, LinkedIn, Instagram and Twitter.

    About Cathay Capital

    Cathay Capital is a leading international private equity firm focused on cross-border investment and committed to supporting the international expansion of growing, middle-market companies in North America, China and Europe. Cathay’s team of 100+ professionals is based in New York, Shanghai, Beijing, Paris, Munich, Silicon Valley, Singapore and Tel Aviv and leverages Cathay’s unique business model and platform to help create value for companies across three continents. As of today, with over $3.9 billion in assets under management across its private equity and venture capital funds, Cathay has completed buyouts and growth capital investments in over 100 companies across three continents since its inception in 2007. Cathay Capital invests in middle-market companies in the consumer, healthcare, business and digital services, advanced industrial and technology industries. For more information, please visit

    Media Contacts:

    Libby Ferin                                                     Mark Woods                                      

    Vice President, Marketing                            Partner, Head of North American Private Equity                             

    Innovative                                                        Cathay Capital

    O: 610.253.9554x422                                     O: 212.858.9712                                

    M: 616.292.3639                                             M: 203.273.1865     

    Matt Spaulding

    Spaulding Communications

    O: 404.270.1010x1

    M: 404.324.6031

  • Inato Raises $14 Million in Series A Funding from Obvious Ventures, Cathay Innovation, Serena and Fly Ventures Read more

    Inato Raises $14 Million in Series A Funding from Obvious Ventures, Cathay Innovation, Serena and Fly Ventures

    Inato Raises $14 Million in Series A Funding from Obvious Ventures, Cathay Innovation, Serena and Fly Ventures

     Financing will expand the company’s platform for modern, inclusive clinical trials

    Paris, France (February 4, 2020) Inato, a platform that helps biopharmaceutical companies increase the pool of available patients engaged in clinical trials, announced it has raised a $14 million Series A round of venture capital financing. The financing was led by Obvious Ventures and Cathay Innovation, with participation from previous investors Serena and Fly Ventures.

    The Inato platform increases the pool of available patients engaged in clinical trials by unlocking research site potential. The platform matches the best sites for any given study and ensures that site partners in the Inato network are successfully delivering trials. To date, Inato’s platform has helped biopharmaceutical companies and clinicians across more than 2,000 research sites and over 50 global trials. In addition, more than 3,500 doctors across 75 countries have used it to offer promising treatments to their patients.

    “Five percent of the world’s research sites are conducting the vast majority of today’s clinical trials. When you consider that the average cost of bringing a drug to market is around $2 billion, with about two-thirds of those costs tied to clinical trials, it’s clear there’s an urgent need for greater efficiency,” said Inato Co-Founder and CEO Kourosh Davarpanah. “Our mission is to bring new doctors and their patients into the clinical research ecosystem to unlock the potential of the many unengaged research sites—so biopharma can bring innovative therapies to market faster.”

    Inato will use the funding to expand its predictive capabilities to match the right sites with the right studies and develop a comprehensive network of clinicians worldwide. “There are thousands of sites around the world that are fully capable of recruiting patients but are currently not taking part in the research process,” said Davarpanah.

    As a part of the financing, Nan Li, managing director at Obvious Ventures, has joined Inato’s board of directors.

    “Inato recognizes that the future of clinical trials is sitting right in front of us. Their managed marketplace approach ensures that sites are selected based on merit and their ability to contribute towards the only outcome that matters: enrolling patients and helping to get treatments to market,” said Nan Li, Managing Director with Obvious Ventures. “There is a long history of manual, inefficient marketplaces being streamlined by technology - clinical trials is next, and may be the most important category of them all.”

    Denis Barrier, Co-founder and CEO of Cathay Innovation added, “We are proud to participate in this major step in Inato’s development. Our team was deeply impressed by Inato’s growing platform and capabilities. We believe that Inato’s approach is likely to revolutionize medical trials and drug discovery and we will make sure to support the management’s vision and plan through our global network. The massive changes happening in healthcare have triggered both an important investment focus for our funds and a deep involvement between our platform and our ecosystem partners.”

    Davarpanah and William Pambrun founded Inato in 2016, along with Pr. Philippe Ravaud and Dr. Jean-David Zeitoun—two physicians who had a shared concern for the historically low engagement of doctors in clinical research and, as a result, the scarcity of available patients for clinical testing.

    “Our platform is explicitly designed to increase doctor engagement in clinical trials by reducing the burden of participation and allowing them to focus on what they do best—care for patients,” said Dr. Jean-David Zeitoun, Inato co-founder and Chief Medical Officer.

    Inato’s financing comes on the heels of a series of notable company milestones in 2019:

    • Inato has partnered with biopharma companies to create an extensive dataset of historical site performance covering 1,500 studies, 17,000 sites and 700,000 patients across 80+ countries.
    • It has significantly improved the platform’s predictive capabilities: the algorithm can help reduce the number of sites needed in a study by 29%.
    • Inato has scaled its partnership with key clients to cover study planning at the global level for major Phase II-IV trials.
    • Inato has continued to build a world class team across product, data science and clinical operations with presence in France, the US and the UK.
    • Inato has started growing its network of high-potential but often overlooked sites, initially focusing on oncology, by partnering with leading investigators such as Pr. Christophe Massard, head of the early phase trials center at the Institut Gustave Roussy
    • In April, Inato appointed pharmaceutical industry veteran Liz Beatty as its CSO

    About Inato

    Inato helps biopharmaceutical companies increase the pool of available patients engaged in clinical trials by discovering untapped research site potential. Inato’s platform matches the best sites for any given study and ensures that sites are successfully delivering trials. The platform is built with doctors and for doctors—to navigate the hurdles of today’s increasingly complex research environment. Headquartered in Paris with offices in New York and London, Inato has raised $17 million in financing from Obvious Ventures, Cathay Innovation, Serena and Fly Ventures.

    About Obvious Ventures

    Obvious Ventures is a venture capital firm investing in entrepreneurs reimagining every sector of the global economy. Since launching in 2014, Obvious has backed over 50 companies using technology to create a smarter, healthier, more sustainable world. Obvious was co-founded by Ev Williams, James Joaquin, and Vishal Vasishth, with Andrew Beebe and Nan Li now also serving as Managing Directors. More information is available at

    About Cathay Innovation

    Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital. It was founded around the shared conviction that supporting innovation 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 the sustainable transformation of the world through innovation and technology. Such transformation is accelerated by leveraging Cathay Capital 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 or follow us on Twitter @Cathayinnov.

  • Cathay's Portfolio - European Unicorn! Abu Dhabi leads $167 million investment in Spanish delivery app Glovo Read more

    Cathay's Portfolio - European Unicorn! Abu Dhabi leads $167 million investment in Spanish delivery app Glovo

    Article Source: CNBC:

    • Spain's Glovo says it has raised 150 million euros in a funding round led by Abu Dhabi sovereign wealth fund Mubadala.
    • Glovo's app is mostly known for food delivery, but it also offers other categories ranging from groceries to pharmaceuticals.
    • The extra cash will be used to help Glovo hire 300 new engineers and developers by mid-2020 and to expand into new territories.

    Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up hiring and expand internationally.

    The financing effort was led by Mubadala, the sovereign wealth fund of Abu Dhabi, and was also backed by existing investors including Germany's Delivery Hero, Swiss investment company Drake Enterprises and European venture capital firm Lakestar, which was an early investor in Spotify.

    It lifts four-year-old Glovo's valuation across the $1 billion mark, bringing it into the ranks of Europe's growing club of unicorn companies. The firm is now Spain's second start-up to achieve unicorn status, according to CB Insights, the first being ride-hailing service Cabify. It speaks to the level of interest from foreign investors in Europe's tech industry, which according to Atomico, had lured in over $34 billion in venture capital as of November this year.

    The extra cash will be used to help Glovo grow its workforce, said co-founder and CEO Oscar Pierre, with plans to hire 300 new engineers and developers by mid-2020. The Barcelona-based firm also wants to use the additional capital to expand into new territories after entering Poland through the acquisition of local operator Pizza Portal. Glovo said that 40 engineers and 50 tech and product experts would be posted at its new Warsaw office.

    Glovo's platform is mostly known for its takeout and delivery service, but the firm also offers a range of other products that are delivered by its 50,000 couriers "on-demand" — typically in under 30 minutes. Food delivery has become a particularly crowded market, with a range of players looking to compete from DoorDash, Postmates and Uber Eats in the U.S. to Deliveroo and Just Eat in the U.K.

    Click for the entire article:

  • Cathay Capital accompanies Smart AdServer’s build-up with LiquidM Read more

    Cathay Capital accompanies Smart AdServer’s build-up with LiquidM

    Paris, December 19, 2019

    Smart AdServer, the leading ad monetization platform and member of the Cathay capital portfolio, today announces its acquisition of the Berlin-based Demand Side Platform (DSP) LiquidM, from the Bertelsmann media group. This new partnership will enable the integration of Smart AdServer’s state of the art supply-side platform with LiquidM’s demand-side, and the development of a full-fledge offering in deal management, audience discovery, and data activation & control across all major supply sources, in a market where demand-and supply-side convergence is becoming more and more critical. Smart and LiquidM are planning to establish consumer privacy as the cornerstone of the new platform.

    “Our industry currently faces a crisis of value erosion that puts increasing pressure on the entire programmatic ecosystem. Buyers seek transparency, accountability and more value from their media investments while publishers yearn to better monetize their core assets, including audience and 1st party data, and embracing these changes and meeting these expectations has been at the forefront of Smart’s strategy.” says Arnaud Créput, CEO of Smart AdServer.  “LiquidM’s proven record in innovation will boost Smart’s commitment to creating Value Path Optimization emphasizing full transactional transparency. This will enable conflict-free, premium value and low-fee buying so both advertisers and publishers can flourish in a shared-interest approach.”

    “We are very pleased to join Smart,” said Philipp Simon and Thomas Hille, Managing Directors of LiquidM.  “They are an ideal partner to grow our business given their premium publisher clients and their strong global footprint. We look forward to enlisting in Smart’s mission to bring even greater value to both advertisers and publishers.” “We are proud to have supported Smart in this build-up, and we believe this acquisition, together with the excellent development of the US geography over 2019, are a great example of the excellent dynamics at the company under the reins of the new CEO, and marks the emergence of Smart as a truly international platform.” concluded Fabien Wesse, Partner at Cathay Capital.

    About Smart

    Smart is the leading independent ad monetization platform built for premium publishers to serve demanding buyers. Our fully transparent platform and shared-interest business approach enables premium publishers and brands to get their fair share of ad value at every opportunity, on their terms. Publishers can act with certainty and control all the variables for the right blend of transaction models, channels and formats while activating the right audience data for value path optimization. Smart works directly with more than 1,000 publishers worldwide including Financial Times, Groupe Marie Claire, TracFone, Le Figaro, Leboncoin, Altice Media Publicité, and IMGUR to deliver display, video, native, and rich-media ads to over 50,000 sites and apps. Smart is ranked on the Deloitte Technology Fast 500 EMEA. Smart operates 12 offices worldwide and leads the charge in building a transparent ecosystem based on quality. Smart is a “GDPR ready” company as certified by independent data protection specialist, ePrivacy GmbH.

    About LiquidM

    LiquidM is a globally operating self-service Demand Side Platform (DSP) which
    empowers agencies, advertisers, and trading desks to achieve their marketing objectives using the power and efficiency of programmatic advertising. The full-stack Demand Side Platform is packed with comprehensive campaign management features and sports a clean-cut intuitive UI that takes campaign management on a whole new level and makes it easy to set, scale and optimize, and edit advertising campaigns. Founded in Berlin in 2013, LiquidM is one of the first DSPs on the market with extensive expertise in mobile advertising (a more technically complex environment than desktop).

    About Cathay Capital

    Cathay Capital Private Equity is a leading international private equity firm focused on cross-border investment and committed to supporting the international expansion of middle-market companies in North America, China and Europe. The firm’s team of over 90 professionals is based in New York, Shanghai, Beijing, Paris, Munich, San Francisco and Tel Aviv and leverages its unique business model and platform to create value for companies across three continents. With $3.1 billion in assets under management, Cathay Capital Private Equity has completed more than 100 buyouts and growth capital investments across three continents since its inception in 2007. Cathay Capital Private Equity invests in and assists middle-market companies in the consumer goods and services, healthcare, business services and technology industries. Please visit for more information.

    Press contacts

    For Smart AdServer                                                     

    Marieke Buis

    Global PR Manager

    Tel: +33 6 99 22 70 07


    For Cathay Capital    

    Yoann Besse - Citigate Dewe Rogerson                          

    +33 6 63 03 84 91           

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