In November 2017, Cantor Fitzgerald completed an equity fundraise of US$8.25m into Boxever Ltd. The investment was made up of a consortium of existing investors Polaris and Frontline, along with new private equity and family office investors. The transaction included a substantial portion of EIIS investment made through the Cantor Nominee Group, in the amount of €3.618m/US$4.25m.
This represents one of the largest single EIIS investments in 2017, and puts Boxever on a strong growth trajectory having raised significant previous funding.
The company has achieved considerable success in the travel and airline sectors by providing brands with a cloud based personalisation engine that puts customer knowledge at the core of the brand’s operations, facilitating more accurate interactions and sales targeting. The new funding will aid the company to diversify into new industry verticals such as Financial Services – something investors and management believe will result in the creation of significant shareholder value going forward and could possibly set the company up for a future planned IPO.