Intersec Announces $20 Million Funding led by Highland Capital Partners Europe

(https://www.intersec.com/en/), the leading provider of solutions that enable mobile operators to capture and monetize their network value through big data collection, today announced it has closed a $20 million series B funding round from Highland Capital Partners Europe and existing investors. Cartagena Capital, the international technology-focussed corporate finance firm,  advised Intersec  on this private placement. As part of the funding, Laurence Garrett and Tony Zappala, Partners at Highland Capital Partners Europe, will join Intersec’s Board of Directors.

“Intersec has successfully transitioned over the last few years into the leading player in Telco Big Data Software, building on its leadership in Europe. The US market is key to our success and we plan to invest significantly to expand our US Headquarters in New York.” comments Yann Chevalier, Intersec CEO.

“Intersec is the epitome of what we look for in company. Superb management team, real international scale and global ambition stemming from a disruptive technology platform” said Laurence Garrett, Highland Capital Partners Europe. Tony Zappala adds “Intersec is breaking down the barriers of Big Data software technology and has the potential to transform the way companies make use of their Big Data for the purpose of improving their efficiency.”

As an historical investor, JerômeFaul, Managing Partner at Innovacom comments: “We believed in the future success of a small startup that has now become the Telco Big Data software leader. Today, we are thrilled to be part of a new major step of the Company’s business growth and innovation“

The Company has headquarters in Paris and New York, and offices in Dubai, Saint Petersburg, Singapore, Abidjan, Sao Paulo, Madrid, and Johannesburg with plans to extend further.