SUB-INDUSTRY Conversational AI
M&A (sell side)
Italian Leader in Artificial Intelligence applied to natural language interpretation, Indigo.ai helps the most innovative companies evolve their Customer Experience through the power of AI. Indigo’s B2B SaaS platform corporates to leverage the most powerful models of deep learning and AI applied to language to design next-generation virtual assistants (such as chatbots and voicebots) in order to increase sales, improve user relations, optimise processes, and extract insights on the customer base.
The client was looking for a seed round led by UK VCs highly specialized in AI Softwares and was introduced to 100+ investors. Nothwithstanding the interest in the deal, due to high competition and M&A activity in the sector we switched strategy towards the sale of a majority stake into the company to a strategic investor.
THE ADVISOR’S SUPPORT
Growth Capital acted as advisor to Indigo.ai in the process of selling 60 percent of the shares. Specifically, GC supported the company in scouting and identifying the most suitable buyer. GC then supported the company in structuring the transaction, preparing due diligence documents and negotiating the terms of the deal, up to the closing.
The buyer was Vedrai SpA, a company specializing in Artificial Intelligence solutions for SMEs founded in 2020 by Michele Grazioli. Complementary and integrable, the solutions developed by Vedrai will dialogue with those of Indigo.ai to accelerate the common path of expansion and positioning in Italy and abroad as an AI hub and excellence of made in Italy technology.
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