It hit the wires while I was travelling (spoke at INSEAD’s GEF and Seedcamp Berlin) so didn’t get to break the news on Atlas Europe’s new tech deal, NTR Global. I’ve been pushing the software-as-a-service (SaaS) theme ever since joining Atlas in April last year and NTR perfectly fits the mold of what we like in a growth stage deal: a proven, visionary technology platform, fast revenue growth, a world-class management team led by CEO Luis Font, excellent capital efficiency (especially for a SaaS company) and tight execution, a highly skilled sales team, serious market upside in the US with European-based tech… it just all comes together here.
It’s Fred Destin’s newest deal. He is joining the board and is rightly excited about it. The round was led by Max Bleyleben at Kennet, one of Europe’s most savvy expansion stage investors. I spent two days with Max at the company in Barca and that in itself was a great learning experience (after our cheeky our blog comment exchange!).
NTR has a fantastic roadmap about which we’ll be able to speak more in the months ahead. Suffice it to say, if you are doing remote support in SMEs or large corporates, if you need remote login and access facility or if you need to administer a large number of machines across heterogeneous networks, you should give these guys a call. And talk about eating our own dogfood: the Atlas tech support signed up while we hadn’t even completed due diligence… if that isn’t proof enough! :)
