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Iris Capital leads a 2M€ round for YouScribe's take-off

November 27, 2012

 

YouScribe.com, the European number one for digital document publishing, sharing and selling, announced that it has raised €2 million from IRIS CAPITAL, from private investors Philippe Oddo and Bruno Emsens, and from its main historical investors: TDH (Thierry Dassault), Habert Dassault Finances (Benoit Habert), the Gilberte Beaux family and Clarisse (Henri & François de Maublanc).              

Boosting the growth of the company, in particular abroad.

YouScribe aims at responding to the new uses of written texts, which can be read, shared, commented upon, digitally and on all kinds of reading devices (e-books, novels, reading reports, scores, press, dissertations, etc...). YouScribe gives the power of publication to everyone, and supports the digital transformation that the thriving publishing ecosystems are currently experiencing.

The fund-raising announced today is consistent with the favourable market conditions for on-line advertising, which is set to rise from €13.9 billion in 2012 to over €20 billion in 2015[1]. In line with these forecasts, YouScribe aims at building up a catalogue of over several dozens of millions of documents by 2016.

Juan Pirlot de Corbion, CEO of YouScribe, explained: “We have in-depth knowledge of the ecosystem of written documents in France and in Europe. To go beyond simply increasing our catalogue, we reached a first important technological milestone; we now want to enhance the community dynamics of the platform and increase mobility. We are delighted to welcome new partners at YouScribe and to be able to count on the continuing support of our original investors”.

Sophie Dingreville, Partner at Iris Capital, stated: “We are very happy to join forces with YouScribe and support its growth alongside Juan Pirlot de Corbion and his team, who have been able to develop as a leading figure on the European market”.

Thierry Dassault added: “We support entrepreneurs in the long run. After contributing to the success of Chapitre.com from the very beginning, we believe that YouScribe is going to consolidate its position as the European number one. We want to build a major digital and cultural alternative to the main American players.

YouScribe, the community platform for written digital documents of all kinds

Founded in January 2011 by Juan Pirlot de Corbion, former head and founder of Chapitre.com, YouScribe.com became in 18 months the European number one for the dissemination of written digital documents thanks to its impressive catalogue of nearly 2 million documents in French, German and Spanish.

YouScribe helps all written content holders to raise their web profile based on a number of features designed to make it possible for their documents to be read, commented on, shared and bought by as many people as possible. The company has developed tailor-made solutions for the press and publishing business, as well as for individuals, professionals and independent authors.

With the help of OSEO, the company also developed its own HTML5 solution to improve natural SEO, multi-device accessibility (PCs, tablets, mobile phones) and semantic text analysis.

 

[1] Source: Idate

 

List of participants

Company: YouScribe – Juan Pirlot de Corbion (CEO)
Fund-raising advisors: Global Equities CF – Jean de La Rochebrochard, Pascal Mercier
Investor: Iris Capital – Sophie Dingreville, Pierre de Fouquet
Counsel for the Investor: Chammas & Marcheteau – Géraldine Vignat, Denis Marcheteau
Counsel for the Company: PVA: Jean-Marc Lévy , Isabelle Burel-Blasoni, Maxime Bessiere
Intellectual property due diligence: Aude Spinasse

Financial due diligence: A&D – Philippe Millan

 

About Iris Capital

Iris Capital is a venture capital fund manager specializing in digital economy. Since its inception in 1986, the Iris Capital team has invested more than €900 million in over 200 companies.

Iris Capital targets opportunities in service or technology companies, seeking growth capital in order to realize their strategy. It provides active support on the basis of its strong sector specialization and experience.

In 2012 Iris Capital has entered into a strategic partnership with Orange and Publicis to manage their joint venture capital initiative.

 

About Global Equities Corporate Finance

With over 130 successfully completed transactions to its name, Global Equities Corporate Finance specializes in small and mid-market fund-raising, asset sales and market transactions. Global Equities Corporate Finance is a division of Global Equities Compagnie Financière, an international independent firm authorised to operate by the Autorité de Contrôle Prudentiel (Banque de France) and active in asset management, intermediation and corporate finance. www.globalcofinance.com

 

Press contact :

Kablé Communication Finance

Nolwenn Salaün – nolwenn.salaun@kable-cf.com – 01 44 50 54 74