Investor Newsletter H2 2024
February 11, 2025
Technology and Fund Updates
Welcome to our Investor Newsletter edition for the first half of 2024. This Newsletter will present an update on the investment activity of the Wesley Clover Global Ecosystem of Technology companies as well as updates on the expansion of New Funds, LP participation opportunities of the Alacrity Global program and what trends we are watching in technology, investment, and policy.
In this Edition:
- Our Latest Watch List
- Portfolio Investment Highlights
- New Initiatives
- Investment Spotlight
- Alacrity Entrepreneurship News
- Upcoming Events
Our Watch List
AI
EDGE SIGNAL
Unlocking the Power of Edge AI with Large Language Models: A Case for Privacy and Scalability
Cybersecurity
HYAS
Canada’s telecom regulatory authority adopts thinkRF’s SXM solution for nationwide spectrum monitoring
Healthtech
CLINICONEX
2025 Tech Trends in Healthcare
Portfolio Investment Highlights
The tech vertical of note was AI.
For more information on the featured startup find the links below for further details:
- L-SPARK Portfolio Raises: :Soralink $250K via Morgan Stanley Venture Lab, Corfix Series A Undisclosed
- L-SPARK Portfolio Exits: Mutuo Health Solutions $5.5 Million, Mydoma Studio Undisclosed
Wesley Clover & Alacrity Content
Content for global investor, entrepreneur, and partner audiences.
Wesley Clover issues updates on the portfolio each Quarter on Technology,
Hospitality and Real Estate business.
Find information related to Alacrity Funds, Hubs, and Companies.
4 Initiatives We Are Working on This Year
- New Alacrity Funds & Accelerators under development: UAE, ASEAN, India, and LATAM.
- Attract LPS for Alacrity Funds (Canada, France, Mexico and Turkey)
- Support the acceleration of Pre-seed companies to investible revenue levels.
- Enhance engagement with Global Investor and Industry Analyst community via briefings and informative content.
Deal Book: Investment Spotlight
Over the next 12 months we are anticipating further Early-Stage Investment attraction specifically in Security, HealthCare IT, and Cloud Services. Companies continue to grow and are looking to accelerate further global growth in 2025. We have 4 companies looking to raise funds over the next 12 months. Find the investment profile details below:
Website: celestrahealth.com
Industry/Vertical: Healthcare / Digital Health
Location: Ottawa, Canada
Investment Timeline: 2024-2025
Active Users: 90+ (Phase II clinical trial in US, UK and Canada)
Funding Target: Seed, $3 Million
Targets: Angels, VCs
Celestra Health Systems is a health tech company revolutionizing MS treatment using cutting-edge wearable tech, AI, and smartphone apps. Selected for the prestigious UK NHS Digital Health Partnership Award, their solution discreetly monitors key disease indicators, allowing for informed treatment decisions and rapid therapy assessment. With renowned neurologists on their team and Phase II trials underway, Celestra Health has pending patent applications and is engaged with the US FDA for Class II Software as a Medical Device certification.
Current Investors: Wesley Clover International, Debt
Strategic Customers: Global pharmaceutical firms, UK National Health Service (NHS), US Neurology and Rehabilitation clinics specializing in MS.
Website: https://matami.fr/
Industry/Vertical: Customer Success, customer winback, customer data enhancement
Location: Lille, France
Investment Timeline: Q2 2025
Funding Target: Seed, 500K€ to 1M€
Targets: VC, BA
A customer who has decided to leave will leave in any case. You might as well get value out of it. Matami offers an all-in-one solution to help service companies extract as much value as possible from their contract terminations. How do we do this? By making customers leave with a smile, which increases the chances of them coming back one day, and therefore has a direct impact on sales, as well as corporate image. This also makes it possible to collect qualified data at the time of departure, to better understand the areas for improvement in customer satisfaction, and therefore the vectors for better customer retention. Understand your customer departures better to build loyalty or win them back.
Current Investors: Founders, Alacrité France.
Strategic Partners/Customers: L’orange bleue, Gigafit, Citron Vert, Résamania
Website: https://privamap.com/
Industry/Vertical: Security and safety on critical sites
Location: Lille, France
Investment Timeline: Q2 2025
Funding Target: Series A, €1 Million
Investor Targets: VC, BA
PrivaMap is a security solution for critical sites designed to monitor and secure on-site movements. Users of your site are guided to their destination in real time, and you are alerted in case of incident: accident, unusual behavior, etc. The solution enables you to control security on your critical site from end to end, thanks to the security protocol module, for example.
Current Investors: Founders, Alacrité France, Finovam Gestion, Nord France Amorçage, Wesley Clover International, Debt.
Strategic Partners: Euralogistic, Roquette, HubOne, SNF SA
Website: https://lota.cloud/
Industry/Vertical: FinOps, Cloud optimization
Location: Lille, France
Investment Timeline: Q2 2025
Funding Target: Series A, €2 Million
Investor Targets: VC, BA
Lota.cloud is a BtoB cost management platform for Cloud services users. With an ergonomic platform, companies are able to centralize and monitor billing and usage data from different Cloud providers. Though its platform, Lota.cloud helps businesses to analyse their data, identify the way to optimize their Cloud services, and monitor their Cloud strategy.
Current Investors: Founders, Alacrité France, Finovam Gestion, Wesley Clover International, Debt.
Strategic Partners: Fnac Darty, Damart Tex, Inter Mutuelle Assistance
Alacrity News
Alacrity Canada
Alacrity Canada runs programs in support of early-stage technology companies. To-date these programs have supported the development of companies with value greater than $700M. Given the success of the Alacrity program the Emend Vision Fund is being developed with the intent to invest in high potential early-stage companies with strong environmental and sustainability impact. The fund will focus on emerging opportunities through Industrial Transformation, Big Data and Critical Infrastructure, Clean Water and Food Security. For more information contact the Emend Fund on how you can support.
Alacrité
Alacrité France is supporting the development of 10 active NewCos to-date, each having received startup funding of €250K+. Alacrité has now reached a first level of maturity: there are no short-term plans to incorporate new companies, but to focus on the growth of these 10 startups. Several of these newco’s are preparing fundraisings for 2025 and early 2026.
Alacrity Affiliate: L-SPARK
The L-Spark portfolio to-date has had 13 companies exit with a cumulative exit value over $200 Million USD.
Alacrity Mexico
Alacrity Mexico continues to support the development of 3 portfolio companies in the Enterprise Contract Lifecycle Management Software (CLMS), Fintech, and Cybersecurity sectors.
Alacrity Turkey: Fund II Under Development
Alacrity Turkey is launching its second fund, a $30M USD seed-stage “SaaS Globalization” Venture Fund to invest in Turkish B2B SaaS start-ups.
Alacrity UK
Alacrity UK continues to support startup ecosystem through programmes to include:
- Alacrity Entrepreneurship Course
- Cyber Innovation Hub
- Domain Knowledge Expert
The current Alacrity portfolio has grown to 17 active NewCos. The Cyber Security Program launched in 2020 has now graduated 4 NewCos.
Alacrity ASEAN New Fund Under Exploration
Wesley Clover undertaking exploration of a new fund in the ASEAN region. Early-Stage Venture Builder model for SAAS technology 5 ++2 years, targeted fund size of $10 Million USD.
Alacrity India, New Delhi New Fund Under Exploration
Wesley Clover undertaking exploration of new fund in the New Delhi. Early-Stage Venture builder in Alacrity India model for SAAS technology 5 ++2 years, targeted fund size of $10 Million USD.
Alacrity South America New Fund Under Exploration
Wesley Clover undertaking exploration of a new fund in South America. Early-Stage Venture Builder model for SAAS technology 5 ++2 years, targeted fund size of $10 Million USD.
Alacrity UAE New Fund Under Development
Wesley Clover undertaking exploration of a new fund in the UAE. Early-Stage Venture Builder model for SAAS technology 5 ++2 years, targeted fund size of $10 Million USD.
2025 Events
- L-SPARK Shwocase 2025: The Velocity Effect – L-SPARK
April 2025 - L-Spark SaaSNorth Event
Ottawa, November 2025
For more information contact Joshua Seerattan via email.
Thank You
For any Investment related enquiries on portfolio companies, Alacrity Funds or for a Wesley Clover Briefing please contact Joshua Seerattan.
About Wesley Clover International
Wesley Clover International is a private, global investment management firm and holding company with over a Billion Dollars of Assets Under Management in Real-Estate & Technology. The focus is to fund and grow successful technology companies. More than 100 firms have been created to-date by Wesley Clover with more than $1.0B in direct investment. The portfolio regularly has more than 40 investments under active management around the globe. All are committed to next-generation Cloud and SaaS applications for fixed and mobile communications, video analytics, security, customer engagement, business enablement and more. Deal flow includes companies within the Enterprise Accelerator, L-SPARK, as well as the Alacrity Global Ecosystem of technology partnership funds which have been deployed in 6 international regions.