Europe

Theseus Capital Partners, D3 Venture Capital, Green Flag Ventures, R-G AI and Radius Capital Ventures own combined shares worth $177m following IPO of the drone software developer.

Smart Communications is a London-headquartered customer communications software company.

As part of the transaction Isatis Capital is fully exiting its stake in the business.

‘The end game for us is to become a multi-specialist, rather than a pure generalist,’ Druais told PE Hub.

'I'm sure there will be a lot of movement going forward and continuing the path which we have opened,' Ilinca Rosetti, operating partner, JC Flowers, told PE Hub.

'We had one of the largest legal databases in the world, and a tool that can use this data to make lawyers more productive,' Valero Domingo, partner, Oakley, told PE Hub.

'We’ve been investing in AI for years and our CTO at SmartComms was one of the best we had worked with. We were confident that we were on the front foot,' Maurice Hernandez, managing director, Accel-KKR, told PE Hub.