Private Placements

Bryan, Garnier & Co. acts as Sole Secondary Advisor to a group of historical shareholders in Algolia on the secondary sale of their shares to Noteus Partners, Karmel Capital and Revaia

Founded in 2012, Algolia is the leading AI-powered Search-as-a-Service provider, offering an ultra-fast and scalable search platform, and enabling its clients to deliver optimised user experiences on the web and mobile.

Algolia serves thousands of customers in over 100 countries, ranging from startups to Fortune 500 companies, spanning various industries such as e-commerce, media, finance, and technology. 

Since its first funding round in 2013, Algolia has expanded its capabilities with AI-driven personalisation features, enriched its SaaS offerings to better meet the needs of modern enterprises, and strengthened its role in the API ecosystem.

Bryan, Garnier & Co acted as Sole Secondary Advisor to a group of historical shareholders in Algolia.

Bryan, Garnier & Co conducted a competitive process involving Private Equity funds, Venture Capital funds, institutional investors, and strategic funds. 

This marks another landmark transaction for Bryan, Garnier & Co’s secondary practice and is a further demonstration of its expertise in organising liquidity for historical shareholders in venture and growth-backed companies. Other notable past secondary transactions include placements in shares of Stripe, Payfit, Devialet, Ledger, Revolut and Klarna.

"The secondaries team at Bryan Garnier has been a trusted advisor to myself and other Algolia shareholders for more than two years. They have provided excellent guidance every step of the way, helping to execute liquidity operations across various contexts and market conditions, always in collaboration with management and legal resources at Algolia."

— Julien Lemoine, Co-Founder and Board Member at Algolia

Algolia is a high-growth specialist company recognized as a leader in Search-as-a-Service and data exploration for businesses of all sizes. 

The Algolia platform enables users to manage critical aspects of search and discovery within a single platform, from providing real-time search results to personalized content recommendations, powered by advanced AI capabilities. 

Algolia is headquartered in San Francisco and has offices across Europe, North America, and Asia, serving thousands of companies globally, including some of the most prominent organizations in e-commerce, media, and technology. The company employs over 500 employees.

Noteus is an independent, specialist growth equity investment firm, originating from the same European ecosystem as the companies it partners with. Founded in 2024, and with more than 55 years of combined growth investing experience across the team, Noteus was established in recognition of the challenges of scaling across fragmented markets and believes that European technology companies can thrive with the right experience and support.  

The team began backing tech champions as pioneers in European growth equity over a decade ago and has collectively invested more than €2.2 billion. They invest in fast-growing, category-defining technology companies with proven, scalable business models, led by ambitious management teams.

Established in 2018, Revaia is a leading European growth investor, partnering with mission-driven entrepreneurs with global ambitions and sustainable leadership. Revaia helps these growth-stage companies navigate their entire life cycle from Series B to IPO and beyond. Revaia builds bridges between venture, private equity, and public markets and is a supportive sparring partner for entrepreneurs who are working to transform the world for the better. With offices in Paris and Berlin and presence in North America, its diverse team brings hands-on expertise and unique ESG know-how to the most promising technology scale-ups.

Karmel Capital is an investment firm based in Solana Beach, California. Founded in 2013 by two experienced technology investors with a passion for disruptive technologies, Karmel Capital is actively investing in privately held enterprise software companies.

The firm operates dedicated funds, focusing on software companies by facilitating transactions with early employees or investors.