#London #United Kingdom #Noventiq #Niobrara Capital #Da Vinci Capital

Noventiq Secures Significant Equity Investment from Niobrara Capital

In recent news, Noventiq, a prominent player in digital transformation and cybersecurity solutions, has successfully secured a major equity investment from Niobrara Capital, a U.S.-based private equity firm with a focus on technology and enterprise services. This strategic move comes as Noventiq continues to solidify its position in the global arena.

The announcement marks a significant milestone for Noventiq, which is a portfolio company of Da Vinci Capital, an investment management firm well-regarded for its expertise in emerging markets. The participation of Da Vinci Capital in mediating the investment terms reflects their ongoing commitment to Noventiq's growth trajectory. Alongside Niobrara Capital, other notable investors such as Broadreach Group also took part in a previous financing round, highlighting the sustained confidence that institutional investors have in Noventiq's business model.

Paul "Chip" Schorr, Managing Partner at Niobrara Capital, expressed excitement about this partnership, emphasizing that their firm has collaborated with Da Vinci Capital for many years. Schorr stated, “We are thrilled to partner with the investment consortium and Noventiq management to drive growth and expand service offerings.” This sentiment was echoed by Dennis Fulling, Managing Partner at Da Vinci Capital and a board member of Noventiq, who highlighted the exceptional track record that Niobrara Capital has in the field of enterprise technology.

With the newly acquired capital, Noventiq is set to reinforce its organic growth strategy while exploring international ventures for strategic growth opportunities. The company recently appointed Torgrim Takle as its new CEO, who brings over 20 years of experience in steering high-growth technology enterprises. His previous role as CEO of the Crayon Group saw substantial achievements, including significant market capitalization growth and multiple acquisitions. Notably, Schorr was the largest investor during Takle’s tenure at Crayon, underscoring a shared history of success among these leaders.

Furthermore, this investment serves as a validation of the strong relationship Da Vinci Capital has built with Noventiq over the years, positioning the firm as one of their most promising assets. Da Vinci Capital itself manages over $500 million in assets and has garnered backing from major investors such as 57 Stars and the European Bank for Reconstruction and Development.

In summary, Noventiq's partnership with Niobrara Capital not only enhances its financial backing but also reinforces the business's commitment to innovation and service expansion in the rapidly evolving digital landscape. As Noventiq continues to connect people with technology, it aims to further boost customer efficiency and adaptability in an ever-changing market.

With Niobrara's investment, Noventiq is poised for a future rich with potential, aiming to maintain its competitive edge in the digital transformation and cybersecurity sectors globally.