SESAMm, a fintech that specializes in asset management through digital solutions, has raised €35 million from Elaia, Opera Tech Ventures, Elevator Ventures, The Carlyle Group, AFG Partners, CEGEE Capital, and New Alpha Asset Management.
The investment was led by Elaia and will be used to accelerate the development of SESAMm's international operations.
SESAMm was founded in 2014 by Pierre Rinaldi, Sylvain Forté, and Florian Aubry. The software company uses artificial intelligence (AI) and data to collect and analyze data on the web to make predictions about financial markets.
The company offers two products: TextReveal and SignalReveal, which provide reliable and relevant models and data. Using its natural language processing (NLP) technologies, it detects the sentiments, emotions, and controversies that affect markets, calculates ESG scores, and improves due diligence and sourcing in private equity.
SESAMm also provides actionable summaries and analyses from over 20 billion content sources to facilitate decision-making. Its solution is used by global investment firms, including private equity firms, hedge funds, and other asset management companies.
The company's goal is to enable companies to make better decisions and fill data gaps, particularly in ESG.
SESAMm has more than 50 employees, mainly engineers and researchers, and is based in Paris, New York, Tokyo, Tunis, and Metz. The startup has convinced several clients such as Tokio Marine, Raiffeisen Bank, Asset Management One, Carlyle, and Natixis.
The investment was made by a group of venture capitalists and private equity firms that specialize in technology and finance. Elaia is a Paris-based venture capital firm that invests in early-stage technology companies, while Opera Tech Ventures is a venture capital firm that focuses on investing in startups that are transforming the financial services industry. Elevator Ventures is the venture capital arm of Raiffeisen Bank International, which focuses on fintech and blockchain startups. The Carlyle Group is a private equity firm that invests in a range of sectors, including technology, healthcare, and energy. AFG Partners is a venture capital firm that invests in early-stage technology startups, while CEGEE Capital is the investment arm of Caisse d'Epargne Grand Est Europe. New Alpha Asset Management is a Paris-based venture capital firm that specializes in investing in innovative startups.
The investment is a testament to SESAMm's innovative technology and the demand for data-driven decision-making tools in the financial sector. With this investment, SESAMm is well-positioned to expand its operations and continue to provide valuable insights to its clients.