The Invineo Project successfully increases its capital.

Common Ground Corporate Finance is pleased to announce the successful capital increase for the Invineo Project (as part of Bibmatic SA).

Common Ground acted as the corporate finance advisor for Bibmatic SA. “Common Ground’s knowledge and experience in the investor’s landscape was instrumental in helping us finding the right financial and industrial partners to support the extension of the Invineo / Bibmatic project and strategy, and to position Cinoco, SRIW and Namur Invest as the most suited equity investors to enhance the further development of the Invineo project” says Thierry Tacheny, CEO of Bibmatic SA, newly named “Invineo SA”.

The Invineo Project has developed an innovative (patented) and integrated wine-by-the-glass solution with a dedicated wine list, a smart wine dispenser and an exclusive packaging. Its aim is to meet the needs of the professionals in the hospitality business with a service that increases wine revenues and enhances customer experience when drinking wine on premises. (www.invineo.com)

With the proceeds of this capital increase, Invineo has the necessary means to test its service among selected markets and to develop the industrialization phase of its project. “We look forward to confirming our business model and preparing for the third stage of our financing: the one that will allow us to prepare for the commercial launch of our project” according to Thierry Tacheny.

Cinoco is a leading player in the Benelux market for the qualitative distribution in the wine and spirits sector.

SRIW and Namur Invest are key public players in the Walloon region to support the local economic development and employment and to take selective value added participations in established, start up or growing companies.