FTPA advised Cintoo, along with its historical shareholders Amavi Capital and Armilar Venture Partners, on the recent €37 million Series B financing round for this Franco-American company specializing in cloud-based 3D data management software for architecture, engineering and construction.
The financing round was led by Partech, through its Partech Growth II vehicle. This round sees Cintoo’s historic shareholders Amavi Capital and Armilar Venture Partners reinvest, confirming their ongoing support for Cintoo. This financing round, which also includes a significant secondary component involving the sale of shares by certain other investors, comes two years after a Series A round which raised 5.3 million euros.
Cintoo, founded in 2013 at Sophia-Antipolis, in the CNRS laboratories, by Marc Antonini, Leonardo Hidd Fonteles, Anis Meftah, and Denis Thibaudin offers software solutions enabling the creation of digital twins for construction and industry. Cintoo intends to strengthen its development in the United States and Europe. The company also has ambitions to further enhance its solution by integrating artificial intelligence to optimize data analysis.
FTPA advised Cintoo, Amavi Capital and Armilar Venture Partners on corporate aspects with partner Charles-Philippe Letellier, Julien Garanger, Aude Verdier, Priscille Maire and Ella Berditchewsky. Partner Michael Jaffe handled US tax law aspects, and partner Laure Calice was involved in employment law.
