Ontotext Secures Growth Funding to Expand in the U.S., Strengthen Its Knowledge Graph Market Leadership and Develop Industry-Specific Products

New York and Basel, Switzerland and Sofia, Bulgaria, May 30, 2022 /PRNewswire/ — Management Team ontology text Happy to share with the market Points Risk Partners Integral announced this week that a consortium of investors led by Integral has entered into a definitive agreement with our parent company Thelma Group HoldingsAcquired Ontotext, a leading global provider of deep tech enterprise software, operating in the graph database and artificial intelligence markets.

Ontotext Secures Growth Funding to Expand in the U.S., Strengthen Its Knowledge Graph Market Leadership and Develop Industry-Specific Products

Ontotext Secures Growth Funding to Expand in the U.S., Strengthen Its Knowledge Graph Market Leadership and Develop Industry-Specific Products

The international investment consortium led by Integral also includes Portfolio Capital Partnerthe venture capital and private equity arm of OTP Bank, and carpathian partnerA professional investment platform focused on technology, based on London. The consortium’s investment in excess of EUR 30 million will be a combination of capital increase and secondary share purchase.

“We have been working with the company and our advisors for several months to build a firm belief in Ontotext’s market and business model. Together with co-investors from Portfolion and Carpatian, we hope to support Ontotext in accelerating international expansion and enhancing its products.”

Evtim Chesnovski, partner leading the transaction at Integral Venture Partners.

Backed by the new capital, Ontotext will accelerate its international expansion and go-to-market business with a focus on the US market. The company will invest in further developing its vertical product stack – industry-specific end-to-end solutions starting with life sciences and financial services. Last but not least, Ontotext will further strengthen its position as the global leader in knowledge graph technology.

“I’m impressed with Integral’s dedication and approach to fully understanding our business and analyzing its potential. This investment will help us turn technological excellence and market recognition into a great business!”

Atanas Kiryakov, CEO of Ontotext

The transaction does not require any regulatory approvals and is expected to be August 2022. Terms of investment not disclosed.

About Ontotext:

Ontotext is a global leader in enterprise knowledge graph technology and semantic database engines. Ontotext employs big knowledge graphs to enable unified data access and cognitive analytics through text mining and data integration across multiple sources. The Ontotext GraphDB engine and Ontotext Platform power critical business systems for the largest financial services, publishing, healthcare, pharmaceutical, manufacturing companies and the public sector.

About the VP of Points:

Integral Venture Partners manages institutional private equity and growth capital, focusing on investments in central and southeastern countries Europe. Integral’s funds are backed by leading international institutional investors, including EIF, EBRD and IFC. Integral covers its pan-regional target market. London, Budapest and Belgrade.

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