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Will Sheldon
Partner at Expedition Growth Capital
Will Sheldon is a Partner at Expedition Growth Capital, a software specialist growth equity firm with offices in London and Boston.14 He recently joined epilot's Advisory Board following Expedition Growth Capital's €10 million investment in epilot GmbH, a Cologne-based company that provides cloud software for the energy transition.13
Some key points about Will Sheldon:
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He joined Expedition Growth Capital as a Partner in March 2023.4
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Sheldon has experience as an investor with a track record of success in growth equity across Europe and Israel.4
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As part of the €10 million investment in epilot, Sheldon joined the company's Advisory Board to provide strategic guidance.13
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He expressed enthusiasm about partnering with epilot, stating: "We are thrilled to partner with epilot's passionate team of experts and visionaries. The energy industry is now embracing digital transformation along with the green transition and epilot's strong and efficient growth is a testament to the value that sophisticated customer organisations are seeing."23
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Sheldon recognizes epilot as the first cloud-native vertical SaaS platform addressing technological, regulatory, and customer demand challenges faced by utilities.5
His involvement with epilot demonstrates Expedition Growth Capital's interest in supporting innovative software companies in the energy sector, particularly those focused on facilitating the transition to renewable energy sources.
Highlights
Great to see Planisware flying the flag for bootstrapped European software in their IPO in Paris, valued at $1b+ 💪🇫🇷
📈 Efficient growth: With €156m revenue, ~20% revenue growth and 33% EBITDA margin in 2023, Planisware is a highly efficient growth company. The company spends 17% of revenue on sales & marketing and has a gross margin weighted CAC Payback period of around 17 months.
🐘 Sticky customers: Planisware has 545 customers globally, with NRR of 121% and Annual Revenue Churn of <2%. Over 250 of these are Enterprise customers generating average recurring revenue per customer of €470k in 2023 - the remaining ~300 customers have ARRPC of €40k.
🪙 Bootstrapped roots: originally a spin out of Thales' subsidiary Syseca in 1996, Planisware then bootstrapped for 7 years, reaching €9m of sales in 2002 and brought AXA private equity in as a minority shareholder in 2003. At IPO, the co-founders still own the majority of the company.
Congratulations Planisware team on the journey so far!
Excited to share the news of Expedition's successful second fund closing, at the €250 million hard cap! We are continuing our focus on partnering with the most ambitious, bootstrapped software companies on their growth journey to category leadership 💪
#Expedition
