Tadaweb raised 15 million euros to enter the US and additional European markets

Euronext listed French investment company Wendel, through its investment arm Wendel Growth, announced that it has entered into a definitive agreement to acquire a minority interest in Tadaweb. Wendel will make an equity investment of €15 million to support Tadaweb’s growth. The transaction is expected to close in the first quarter of 2023, subject to customary conditions and regulatory approvals.

Tadaweb delivers open-source intelligence (OSINT) platforms that enable organisations to generate actionable intelligence by making analysts’ investigative methods hyper-efficient, reducing time to insight from days to minutes. Tadaweb’s platforms scale analysts’ expertise across the vast, volatile reaches of the internet. This fast growth company, employing over 120 people, is headquartered in Luxembourg with offices in Paris, London, and Ottawa.

Jérôme Michiels, EVP, CFO and Head of Wendel Growth, said: “I am very pleased to welcome Tadaweb into Wendel’s portfolio. This first direct investment in Europe by the Wendel Growth investment team, led by Antoine Izsak, is fully in line with what we want to target: innovative companies with high growth and leadership potential, led by committed entrepreneurs.”

Antoine Izsak, Head of Growth Equity said: “We are delighted to make our first investment in Tadaweb, a leader in the fast-growing OSINT market, where the company offers a unique set of services and features as well as a world-class team. I’m looking forward to implementing the partnership that we’re creating with François Gaspard and Genna Elvin and their teams.”

This investment marks another major milestone in our history. It will accelerate our expansion globally, including our entry into the United States and additional European markets. We have been a profitable company for over 5 years, and this represents a pivotal step for the company. Our recently expanded leadership team, along with this relationship, significantly shifts our ability to scale our products and the global markets we serve.” Genna Elvin, Chief Tada Officer and cofounder

François Gaspard, Chief Executive Officer and cofounder, shared: “Becoming part of the Wendel portfolio, is another step in our long-term growth plans worldwide. We have a shared history in Luxembourg as well as France and have a shared commitment to building enduring businesses. At Tadaweb, we continue to be deeply steeped in our European roots. This opportunity to partner with Antoine and the Wendel Growth team, is truly a special moment in our story.”

Ted Hickey, Head of Strategy: “Our leadership team is excited to leverage the expertise and global access Wendel Growth provides to their portfolio companies, which will be important as we expand into new markets and scale our open-source intelligence platforms.”