Destiny NV

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Destiny NV - overview

Established

2008

Location

Zaventem, -, Belgium

Primary Industry

Software

About

Based in Belgium, Destiny NV operates as a software provider specializing in cloud-based communication solutions, offering integrated services that enhance business connectivity and analytics. Destiny NV, founded in 2008 and headquartered in Zaventem, Belgium, provides advanced communication solutions for businesses. In November 2019, the company was acquired by Seven2 from Mentha Capital which enabled it to further its expansion strategy in the unified communications market. The CEO is Marc Destree, who has a history of leadership roles in the tech industry.


Destiny specializes in cloud-based business communication solutions, offering an integrated platform encompassing mobile and fixed telephony, secure connectivity, and advanced business analytics. Their UCaaS model enables businesses to manage communications seamlessly, integrating tools like Microsoft Teams and CRM systems. Destiny serves over 5,000 clients across various sectors, including retail and legal, providing tailored communication solutions. In the most recent fiscal year, 2024, Destiny reported a revenue of EUR 57,877,082.


20 and an EBITDA of EUR 5,932,648. 30, primarily generated through subscription-based models for its diverse communication services. Following its acquisition in 2019, Destiny NV aims to enhance its presence in the cloud-based unified communications market. The company plans to accelerate its international development and pursue an active acquisition strategy.


Recent funding from the Buyout round, amounting to EUR 10. 000 mn, will support these initiatives as Destiny seeks to expand its product offerings and enter new geographic markets.


Current Investors

Primary Industry

Software

Sub Industries

Connectivity Software, Telecoms Providers & Services, Internet Service Providers, Cable Service Providers

Website

www.destiny.be

Verticals

Artificial Intelligence, Cloud Computing, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Destiny NV - timeline of key events

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Destiny NV - financials

Fiscal Year EndedDec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Revenue (USD)-2,430,907-6,652,5659,431,60312,032,12114,809,93520,039,43822,368,87427,502,73529,517,66032,028,69848,778,644---
% Revenue Growth (YoY)----41.8%27.6%23.1%35.3%11.6%23.0%7.3%8.5%52.3%---
EBITDA (USD)(548,403)123,1801,124,6291,158,6981,522,4362,016,5162,851,0693,242,4252,962,5344,689,9854,475,7032,791,267(14,402,526)---
Operating Income (USD)(945,361)(440,109)370,18392,289145,448294,403919,881996,852532,1891,289,6601,038,477(860,896)(19,718,403)---
Operating Margin-(18.1%)-1.4%1.5%2.4%6.2%5.0%2.4%4.7%3.5%(2.7%)(40.4%)---
% EBITDA Margin-5.1%-17.4%16.1%16.8%19.3%16.2%13.2%17.1%15.2%8.7%(29.5%)---
NET Income (USD)(996,671)(549,557)273,830(39,691)1,495113,490591,209271,542829,1841,972,500(2,317,358)72,997,163(20,007,706)---
% Net Margin-(22.6%)-(0.6%)0.0%0.9%4.0%1.4%3.7%7.2%(7.9%)227.9%(41.0%)---

Destiny NV - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMeridix Systems AB-
Add-on, Trade SaleCompletedSoluno BC AB-
Add-on, Trade SaleCompletedSoluno BC AB-
Add-onCompletedTelepo AB-
Add-onCompletedMotto Voip B.V. -

Displaying 1 - 5 of 6

Destiny NV - employee data

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