GCA Altium advises the founders of COYO on an investment from Marlin Equity Partners
Headquartered in Hamburg, Germany, COYO offers a comprehensive B2B communication and engagement software platform. COYO’s solution provides a “digital home” for its users, enabling organisations to communicate more effectively with both desk-based and field employees and improve information flow, productivity and retention. The company caters to all customers regardless of sector and size (from mid-sized to DAX-listed companies), serving more than one million users globally and hosting Europe’s single largest intranet.
Jan Marius Marquardt, CEO and a co-founder of COYO, commented: “As a result of the global pandemic, we have witnessed the importance and effectiveness of our solutions for our customers and are ideally positioned to support enterprises globally in adapting to the evolving working environment. Marlin brings critical financial, strategic and international support, as well as a deep appreciation for our value proposition, and we look forward to our future partnership.”
Mathias Heymann, Director at GCA Altium, said: “Originally bootstrapped, COYO’s founders and management team have built an incredible business with a unique positioning and product offering over the last ten years. The partnership with Marlin will enable COYO to enter the next growth phase and we are looking forward to seeing their success story.”
Mike Wilkinson, a principal at Marlin, added: “COYO has built a differentiated, mission critical software platform that makes it the preferred choice for any end user seeking a simple and engaging enterprise-grade solution with a modern look and feel. COYO’s leadership team has established a scalable, well-referenced business and has recruited and retained exceptional talent to support the business. We look forward to collaborating with the entire team to further capitalise on COYO’s strong position in Germany and drive both organic and inorganic growth through additional investment into the platform.”
The terms of the transaction were not disclosed and it is expected to close following regulatory approval.