Portfolio > Calltic
Investment: Calltic
Entry date: December 2019
Investment type: Later stage
Participation: Minority
Head Office: Gent
Revenues: <EUR 5m
Activities:
Calltic was founded in September 2017 and developed a voice-based signal analysis for telecom fraud detection with an initial focus on Interconnect Bypass (Simbox fraud). The company has recently gained its first contracts for fraud detection with mobile operators in Africa.
Calltic raised EUR 1,5m in order to build-up the team, scale-up revenues, develop IP and a second product line, and de-risk the company.
Why Akiles was selected:
The round was fully subscribed with 1.5 million euros and was led by Qbic II Fund which has a strong track record in technology ventures. Thanks to our privileged access to Qbic’s team and ability to act quickly, Akiles was invited to complete the consortium that subscribed to the capital.
Why Akiles invested:
There was a strong interest in the file because of Calltic’s solid technology and the track record of the management team.
Orange Cameroon's Felix Ngome and Calltic's CEO Guy Van der Meeren