FBM assisted the shareholders of NEO B.V. of Amersfoort in raising financing and employee participation.
NEO, Netherlands Geomatics & Earth Observation B.V., founded in 1996, is active in the Geo-ICT sector. NEO provides unique and innovative information services that deal with changes in our living environment. They do this by monitoring buildings, roads, water courses, trees, fields, natural areas, solar panels, etc. They use satellite imagery, aerial photos, lidar data and data from the “crowd” to identify these changes.
Neo is the market leader in analyzing these spatial changes from various (public) sources. Its patented technology SignalEyes® delivers automated mutation signals with world-high completeness, accuracy and timeliness. With the observed changes, Neo builds information services that they unlock via API.
Neo is led by Rob Beck (founder/shareholder) and Jan Erik Wien (shareholder), has 30 employees and is based in Amersfoort, the Netherlands.
Assignment:
FBM Corporate Finance was asked to guide NEO on two issues:
- Funding:
FBM assisted NEO in arranging funding for the continued development of SignalEyes services, ensuring quality, speed, completeness and accuracy of observations. FBM was ultimately able to funnel the application through the Capsearch platform(www.capsearch.com) to October(www.october.eu). - Employee participation:
In addition to arranging new financing, another factor was the accession of Jan Erik Wien as a shareholder. Jan Erik was already part of NEO’s management team. To facilitate this transaction, FBM performed an in-depth analysis plus business valuation for NEO that formed the basis for the equity participation.
FBM, in the persons of Albert van Lunteren and Jaap Rikken, advised us in a very professional and personal manner. With their knowledge and network, the financing and equity participation was realized quickly and well.
