CHILI publish raises € 2,55 million in Series A round led by Volta Ventures.

Apr 10th 2017

Aalst, Belgium, April 10, 2017 – CHILI publish, an online editing solutions provider, has transformed from a three-man company into a key graphic arts market player over the past six years. CHILI publish features offices headquartered in Belgium (Aalst), US (New York) and Singapore, providing solutions to over 250 customers. They have identified online editing as the booming tech2marketing path for most print service providers. The company has turned to venture specialists Volta Ventures, Pamica and Group MC for future evolution guidance. They raised € 2.55 million following a Series A round for the further expansion of the international sales team, R&D efforts and marketing optimization. The company founders will retain the majority of the shares, while Michel Akkermans, Chairman Shareholder Advisory Board & Venture Partner at Volta Ventures, will join the Board of Directors.

The online editing niche

CHILI publish became a key graphic arts market player by providing an online editing solution that allows companies to easily edit marketing document templates in a browser environment. The software safeguards brand design guidelines while enabling users to tailor other elements on the page. The software integrates into a variety of workflow and business management platforms (eCommerce & DAM for example), which allows for a personalized user interface and a scalable set-up. It also comes with invaluable features like a 3D visualization tool, generating a direct 3D assessment of the final marketing output. This straight-forward tech2marketing solution skyrocketed in the graphic arts sector, urging the management to seek other ventures, as Kevin Goeminne, CEO of CHILI publish explains: “We’ve established quite an exponential growth. In six years’ time, we have serviced no less than 250 customers in over 25 countries in markets like commercial print and packaging, including brand owners and agencies. And yet, more is to be done. We know this investment support will further spur the opportunities for online editing out there.”

The perfect API fit

As a renowned VC fund for internet and software companies, Volta Ventures immediately recognized the potential of CHILI publish well beyond other markets. As Michel Akkermans puts it: “The solutions come with an open API, meaning they can be integrated in just about any company that spots the added value of the CHILI publish solutions. This is an interesting business model that will allow CHILI publish to extend its reach even beyond its roots in the graphic arts sector. Our goal is to help the company mature to their full potential and we hope that our tech insights and market experience will prove valuable assets.”

Brain gain

The company can rely on strong partnerships and customer references worldwide, and a versatile product portfolio fit for a wide range of markets. Human capital and R&D development are of the essence according to Bram Verniest, COO at CHILI publish: “Our CTO Ward De Langhe is constantly exploring new technology paths along with co-founder and current innovation instigator Joeri Paeleman, but no man is an island. That’s why we want to further strengthen our team and we’re confident that the support from the investment funds and the invaluable guidance of Michel Akkermans on our board will only accelerate our business expansion.” Kevin Goeminne concludes: “We’re excited about this new adventure and will continue to work hard, play hard and care even more.”

About CHILI publish

Established in 2010, CHILI publish focuses on the development and deployment of powerful online software for the graphic arts industry. CHILI publisher is an online editing solution that can be seamlessly integrated into third-party workflows and production platforms to provide a wide range of customizable, easy-to-use, browser-based, editing functions. CHILI rendro is a revolutionary PDF rendering solution that enables fast, accurate rendering of PDFs which can then be viewed on devices supporting the HTML5 canvas. CHILI publish software is sold both direct and through a wide network of international value-added channel partners. CHILI publish has its headquarters near Brussels, Belgium, and operates offices in New York City and Singapore. The company will be hosting a new edition of SPICY talks (#SPICYtalks17) on April 26-27, 2017 in Paris, France.

Contact:
Cindy Van Luyck, cindy@chili-publish.com, tel. +32 2 888 65 11
Maya Staels, maya.staels@chili-publish.com, tel. +32 477 49 24 26

About Volta Ventures

Volta Ventures Arkiv invests in young and ambitious internet and software companies in the Benelux. The fund has € 55 million under management and is supported by EIF and ARKimedesFund II.
www.volta.ventures

About Pamica

Pamica is the investment company of Michel Akkermans.
www.pamica.be

About Group MC

Group MC is a family-owned investment company that focuses on private equity, green energy and real estate. For our venture capital and private equity portfolio, we take substantial minority stakes in both starting and mature companies, whereby our focus is led by the management, the market and the products.
www.groupmc.be

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