Moment, the French specialist in onboard Wi-Fi and streaming, announces the successful completion of its first fundraising with Eiffel Investment Group. With a total investment of €5 million, this operation aims to triple the company’s turnover within the next three years and expedite its international growth.
Founded in 2013 by Tanguy Morel and Michael Serres, Moment develops Wi-Fi equipment and streaming platforms for airplanes, trains, and boats. The company offers a range of Wi-Fi equipment coupled with a streaming platform for content and embedded services such as video on demand, press, music, travel information, and in-flight sales. These solutions aim to enhance the passenger experience and increase ancillary revenues for the companies deploying them.
With a team of over 30 employees, Moment stands out for its patented technologies and expertise. All operations, from solution development to negotiating and managing broadcasting rights with publishers and studios, are internalized within its Parisian offices, ensuring complete control of the value chain.
Moment currently serves over 50 transportation operators worldwide, including SNCF, Malaysia Airlines, Saudia Airlines, and Corsica Linea. Moment’s solutions are deployed on more than 300 airplanes, 500 trains, and 50 vessels, representing over 130 million passengers annually.
Building on its deployed mobility technologies, Moment ventured into the healthcare sector in 2021. This new entity offers healthcare institutions a patient portal providing information, services, and entertainment to enhance the patient experience throughout their care journey.
Fundraising to accelerate growth
While Moment has doubled its turnover since 2021, it possesses significant development potential. To support this potential, the company has just finalized a €5 million round of financing from Eiffel Investment Group via the investment bank TP ICAP.
With these additional funds, Moment plans to triple its turnover within 36 months by:
- Expanding its presence in France and internationally by opening offices in Southeast Asia and the Middle East to be closer to growth markets.
- Accelerating its innovation program to meet the growing needs of transportation operators and passengers in terms of connectivity and digitalization.
- Developing Moment Care’s presence in France and Europe to assist institutions in their digitalization and patient experience improvement efforts.
Franck Halley, Director of Private Equity Innovation at Eiffel Investment Group, states, « Moment is experiencing strong growth based on a solid and profitable business model since its inception. This fundraising allows it to expand its activity in healthcare and continue its expansion in mobility, addressing the growing needs of transportation operators in terms of connectivity and passenger services in the context of a global recovery in air, rail, and maritime traffic. »
Tanguy Morel, CEO and co-founder of Moment, concludes, « The steady growth of our company since its inception reflects the dynamics of our markets and our ability to provide innovative solutions that create value for our customers. The entry of Eiffel Investment Group into our capital represents recognition of the performance of our teams, the satisfaction of our customers, and a crucial asset to support the company’s development. »
About Moment
Based in Paris, Moment designs, manufactures, and markets a unique range of on-board Wi-Fi equipment and streaming platforms for airplanes, trains, and vessels. These solutions aim to enhance passenger experience, increase crew performance, and boost on-board revenues. Moment provides a premium experience for passengers while offering cost-effective, innovative, and quickly deployable solutions for transport operators. To date, Moment has partnered with numerous operators worldwide, including SNCF, Malaysia Airlines, Saudia Airlines, and Corsica Linea, improving the experience of over 120 million passengers annually. In 2021, Moment expanded its operations by launching a subsidiary dedicated to healthcare, offering patient portals to healthcare institutions with information, services, and entertainment to optimize the patient experience throughout their care journey. Moment is also a member of the French Aerospace Industries Group (GIFAS) and its dedicated StartAir club for French startups.
Key Figures for Moment:
- Over 30 employees in France
- 50 clients, with 80% being international clients
- Deployed on more than 300 airplanes, 500 trains, and 50 vessels
- Reaching over 130 million passengers annually
About Eiffel Investment Group
Eiffel Investment Group is an asset manager with €6 billion sum outstanding. Its clients include major institutional investors (insurers, mutuals, pension funds, banks, large family offices, public investors, etc.), as well as individual savers through distribution networks. Part of the Impala group owned by entrepreneur Jacques Veyrat, Eiffel Investment Group has strong industrial expertise, particularly in the field of energy transition, as well as in healthcare, agribusiness, digital, etc. The group finances companies and their assets through four main strategies: private debt, private equity, energy transition infrastructure, and listed equities and credits. Eiffel Investment Group invests for a sustainable world, aiming to generate not only strong financial performance but also positive impacts on the environment and society. The Eiffel Investment Group team consists of approximately 100 talented professionals, mainly in France (Paris), Benelux (Amsterdam), the United States (New York), and the United Arab Emirates (Abu Dhabi).
About TP ICAP
TP ICAP Midcap is the investment bank specializing in European Small & Mid Caps within TP ICAP Group Plc, a global leader in brokerage activities listed on the London Stock Exchange. Its teams support entrepreneurs in their development and financing strategies, and institutional investors in capital markets. Having advised and executed nearly a hundred transactions since 2013, raising over €6 billion in equity and debt instruments for its clients, TP ICAP Midcap is now considered a key player in the Small & Mid Cap segment in France.
