Fresh from acquiring Visual Art, Digital signage group Vertiseit has raised almost seven million EURO’s worth of new shares via warrants to the French financial investor Eiffel Investment Group.
Eiffel Investment Group’s investment is being made through the issue of 875,000 new warrants of the Vertiseit Group, which is listed on the Nordic Nasdaq market. The French investor is paying a premium of seven percent on top of the average share price of the past 30 days for its 2.9 percent stake.
Vertiseit is a leading digital in-store company offering in-store experience management (IXM) SaaS platforms, such as DISE, Grassfish, and Visual Art. The platforms enable global brands and leading retailers to strengthen the customer experience by offering seamless customer journeys through connecting the physical and digital meetings.
The company has 270 employees in the Nordics, Austria, Germany, Spain, the UK and the USA. 2012-2023, Vertiseit performed an average profitable growth of recurring SaaS revenue (ARR) of 53% (CAGR). For 2023, the group’s net revenue amounted to SEK348 million, with an adjusted EBITDA margin of 17%. Since 2019, Vertiseit’s B-share has been listed on the Nasdaq First North Growth Market.
Vertiseit owns Grassfish, DISE, MultiQ and Visual Art.
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