Capital increase to be able to develop even better processes with geographical data

Challenge:

As a cartographer with a passion for data visualization and a focus on innovation, Jelle quickly builds up an impressive customer base with Nordend. He performs asset data migrations for the Agency for Roads and Traffic, builds a tourist base map for the Grand Duchy of Luxembourg or creates processes for various utilities. Things are going fast for the young company and Nordend is ready to grow. Jelle has a clear vision, but lacks support to reach the top. When a Dutch customer is interested in investing in Nordend, he comes to The Harbour.

Approach:

There is interest from an investor, but there is no other plan of action. So The Harbour gets to work right away. We put together a substantiated financial plan, put together a strong investor pitch and prepare an attractive dossier. Our finance experts also provide a clear valuation. This gives Jelle a much better indication of what his company is worth and helps to get the conversations started. A clear plan for the future is soon on the table, which helps to keep negotiations on the right track.

The first contacts with the investor were already there, but thanks to The Harbour, everything is gaining momentum. We guide Jelle through the conversation, but we also offer legal support.

And with success! The Cadac Group — with which Nordend has been working intensively for two years - becomes a shareholder and partner of Nordend, and brings in extra capital. A substantial investment, but even more important is that the conversations go smoothly. A deal is concluded that both parties can agree with, and that is a solid basis for a successful cooperation.

Result:

Thanks to the investment, Nordend can accelerate its growth, expand the team and continue to offer customers the best solutions. Because there is a guarantee of work in the coming years, the capital injection mainly brings peace and stability. The focus is so entirely on the core business and the team.

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