Harbottle & Lewis has advised Engie New Ventures (ENV), the corporate venture capital arm of ENGIE, on its strategic investment in Vyntelligence (Vyn).
Headquartered in London, Vyntelligence is a smart voice and video notes platform which simplifies and digitises data acquisition using a guided video form or ‘storyboard’. Vyn uses Artificial Intelligence (AI) to create actionable insights for the operation and the client engagement teams.
In addition to the minority investment, ENGIE has forged a technical and commercial partnership with Vyntelligence to create custom storyboards and domain specific AI models leveraging Vyn’s field intelligence capabilities and ENGIE expertise to deliver sustainability and asset performance services for ENGIE enterprise clients on their real estate portfolio and infrastructures.
“Our investment in Vyntelligence aligns with ENGIE’s strategy to digitise our activities by adopting innovative solutions across our various energy service businesses,” said Hendrik van Asbroeck, Managing Director of ENGIE New Ventures.
“Rich data collection and application of AI techniques will enable use cases in predictive services and intervention that can add substantial value across clients and assets.”
With this investment and access to ENGIE’s customers, Vyn aims to expand its product offerings and reach a larger market of commercial customers.
Harbottle & Lewis advised on all legal aspects of the transaction through its multi-disciplinary Venture Capital Group led by partner and group head, Tony Littner, with support principally from associates Tom Macleod and Chien-Wei Lui (Corporate), partner Sacha Wilson (Commercial Technology) and senior associate Charlie Thompson (Employment).
On working with Harbottle & Lewis, Hendrik Van Asbroeck commented: “The team at Harbottle & Lewis were a pleasure to work with and delivered value added and pragmatic advice throughout the investment process. It was great to work with such a responsive and knowledgeable team. We look forward to continuing our relationship with Harbottle & Lewis on future UK investments.”