PolySpot raises funding from True Global Ventures

Paris, France - December 15, 2011 - PolySpot, the innovative enterprise search infrastructure, is pleased to announce that it has raised funding from True Global Ventures, a fund formed by high-tech entrepreneurs, joining Newfund as PolySpot investor.

Despite an unfavorable economic climate, PolySpot managed to reach its goal of raising €2.5 million to meet its international growth.

True Global Ventures is a fund run by High Tech entrepreneurs turned super angels from Sweden, France, Germany, U.S. and China who have in total invested in 250 companies prior to True Global Ventures.

“This is the perfect time to bring this solution to the international market” said Dušan Stojanović, founder of True Global Ventures. ”As PolySpot expands its reach into the rest of Europe, Asia and the US, we are looking forward to working with its proven top-class management team, to help forge relationships with the best partners as well as end-customers in leading markets to showcase their cutting edge technology.”

“PolySpot welcomes the opportunity to work with True Global Ventures as we continue to build the premier global enterprise search infrastructure,” said Gilles André, CEO of PolySpot. “We look forward to leveraging TGV’s vast network throughout Europe, North America and Asia as we continue to transform the market for Enterprise Search.”

“Welcome on board! Dušan and Denis are seasoned investors. We are proud of their endorsement of PolySpot’s ambitious plan and we are already actively working on the business with them.” adds François Véron, founder of Newfund, PolySpot’s lead investor.

About True Global Ventures

True Global Ventures is a unique, international, early-stage fund formed by 16 of the world's leading technology entrepreneurs-turned-super angel-investors. It’s networked consists of the more than 250 high tech investments in Sweden, France, Germany, US and China realized prior to forming True Global Ventures. It leverages these personal networks and expertise of its founders to support and accelerate the next generation of superstar companies. It exclusively invests in serial entrepreneurs with global ambitions within the internet, mobile and software sectors.

Prior to PolySpot True Global Ventures had invested into Sharespost the Silicon Valley based private company market for Pre-IPO companies such as Facebook, Twitter, Zynga and Linkedin among others as well as 4GSecure a cutting edge technology enabling for example mobile vouchers as a secure payment method.

For more information, visit www.trueglobalventures.com, or contact Dušan Stojanović on +33 666 53 17 20 or +46 76 17 32 307 or by e-mail: dusan.stojanovic@trueglobalventures.com

About PolySpot

Unlike other providers, PolySpot focuses firmly on the user experience by enriching raw data upstream, thereby improving decision-making.

Companies need search solutions that are capable of covering their entire information system and that can help users to classify, share and search for information quickly. Companies also need to build their business intelligence strategy around these data, ensuring that strategically-important information is read, classified and analysed automatically.

Furthermore, they require business-specific applications that provide search functions tailored to each of their activities, such as customer service, HR, compliance and sales management. PolySpot's solutions have millions of users worldwide, across all business sectors, with customers including Allianz, BNP Paribas, Bureau Veritas, Veolia, OSEO, Schlumberger, Veolia, Trinity Mirror and Vinci.

An innovative business model and technology framework has enabled PolySpot to reach a 100% growth rate in 2011.

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