IPM Growth is a ‘first of its kind’ growth equity initiative for the Central & Eastern Europe (“CEE”) region, focused on addressing the scarcity of scale-up capital for innovative regional companies with global ambitions and disruptive technologies, aiming to reach the “commercialisation” of their products and services, while offering investors with “smart money” a platform for obtaining access to this underserved and opportunistic sector.

IPM Growth is unique in terms of its regional focus, and the team’s ability to seek and build relationships with innovators in the Energy, Transport, IT and Security technology sectors, in need of growth capital as well as access to a global pool of investors and distribution channels to make their ideas a success. IPM Growth typically targets companies which have developed and secured their market-disruptive intellectual property, and require capital and support for the road to commercialisation.

IPM Growth complements IPM‘s longer-term strategy in the infrastructure sector, and the more liquid, high- performance IPM Commodity Strategy, to create a balanced portfolio of private equity investment opportunities for IPM’s clients.

Case studies

Geography
Slovakia / U.S.

Status
Invested

Open to new investors
Yes

Sector
Clean/Energy Tech

Website URL
www.tachyum.com

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Tachyum is a Slovakia and U.S based computer chip manufacturing company established in 2016. The company is developing processing chips with 25x less core area that will require 20x less power, significantly reducing power consumption, storage footprint, and server hardware cost, achieving approximately 1/4 the cost of current solutions. Considering the scale at which the cloud computing service providers are operating, Tachyum’s chip could save them US$’billions annually.

While major companies are migrating to cloud-based computing solutions, that require large data centres powered by significant amounts of energy, the developments in semiconductor density, power efficiency, and production cost have slowed dramatically in the last few years. Tachyum aims to offer a solution by developing an innovative processing chip that will achieve significant performance improvements. Tachyum’s semiconductor chip will address the stalling developments of such devices due to the physical limitations of shrinking electronic components, while unlocking unprecedented performance, power efficiency, and cost advantages.

Tachyum’s team has demonstrable knowledge and experience in this field, and an impressive track record related to successful semiconductor and other technologies. The company’s founder, Rado Danilak, successfully exited two companies in recent years, (Skyera and Sandforce), both of which were ultimately acquired by leading global tech groups. Moreover, he is the former Chief Architect of Nvidia, a leading US semiconductor company with US$60bn market cap, where he developed the Nvidia Tesla chip serving the world& fastest computer (Tianhe). Rado Danilak has now teamed up with other leading industry veterans to drive Tachyum to bring a high performance, ultra-low power cloud chip, aimed directly at the continuously expanding US$20bn cloud server chip market. IPM Growth’s investment will enable Tachyum to focus on further research and development, and to help the company to establish itself globally.

Geography
Slovakia

Status
Invested

Open to new investors
Yes

Sector
Cyber/Security Tech

Website URL
www.sec-technologies.com

Photos

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SEC Technologies is a Slovak technology company that was established in 2014. Since its inception, SEC has developed, produced and distributed a range of unique mobile detection devices for the identification and measurement of chemical and biological warfare agents and toxic industrial chemicals with high sensitivity and at distances of up to 6 km, without the need for physical contact or exposure. SEC's innovative detection devices are capable of improving national security around the world and have the potential to revolutionise the battle against international terrorism.

Building on over 30 years of previous institutional research and development, SEC currently manufactures the most advanced chemical, biological, radiological and nuclear (“CBRN”) stand-off detectors on the market utilising two active LIDAR-based lasers (Light Detection and Ranging – a remote sensing method that uses light in the form of a pulsed laser). SEC’s stand-off product is the only working battle-field proven active mobile detector. In comparison to passive detectors, it has a significantly longer detection range of up to 20-times, significantly better sensitivity of up to 30-times, is able to detect biological agents and can provide concentration profiles and their measurements.

Unlike a typical venture capital investment, SEC has already developed a fully functional product with a straightforward manufacturing procedure. The Company has gained extensive experience in delivering CBRN products and services to the market, with its current customers including well-known defence industry players across Europe and the Middle East. The investment in SEC is consistent with one of IPM Growth’s key strategies of supporting unique Central & Eastern European technologies that have the potential for global impact. The IPM Growth investment is aimed at helping the company to establish itself globally by meeting its existing production demands, and growing its international market reach.

Geography
Slovakia

Status
Invested

Open to new investors
Yes

Sector
Transport Tech

Website URL
www.aeromobil.com

Photos

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AeroMobil is an advanced engineering company commercialising a sophisticated flying car which is built to comply with both automotive and aviation industry standards, while combining a luxury sports car and a light aircraft in a single vehicle.

AeroMobil’s vision is to build a flying car that is ready for customers to use without requiring a significant re-working of existing infrastructure and regulatory requirements, which currently create a significant challenge for AeroMobil’s vertical take-off and landing (“VTOL”) product competitors, particularly in complex urban environments. In the future, technology, infrastructure and regulatory changes may make the VTOL approach possible, but AeroMobil’s immediate focus is on a flying car model that enables customers to use local airfields and airports close to their destinations, before travelling “the last mile” by road.

AeroMobil’s development achievements to-date have already made it recognised as one of Slovakia’s most unique and innovative companies, and the investment in the company is consistent with one of IPM Growth’s key strategies of supporting Central & Eastern European technologies with the potential to go global. IPM Growth’s investment will enable the company to focus on finalising the production of the vehicle including its testing and certification.

Geography
Slovakia

Status
Invested

Open to new investors
Yes

Sector
Clean/Energy Tech

Website URL
www.gadrilling.com

Photos

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GA Drilling was established in Slovakia in 2008, and founded on the assumption that traditional industrial drilling techniques, which have not changed significantly for decades, can be greatly improved by the latest technological developments PLASMABIT is based on utilising high-energy electrical plasma, instead of mechanical drilling, to carry out a range of drilling and milling activities in the oil & gas sector. It also has the potential for further reaching applications in geothermal energy, where it aims to be able to drill deeper and more cost effectively than current drilling methods, making many more geothermal sources more economically viable for development. The aim of the IPM Growth investment in GA Drilling is to help the company establish itself further and continue to develop the potential of its unique patented technology, PLASMABIT for deployment across global markets. GA Drilling is the first investment under the IPM Growth, and is consistent with the initiative’s aim of supporting promising technology leaders in the Central European region that have the potential for global growth.

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