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Archive for the ‘venture capital’ Category

Illumix Software Expands to North-east

In it, software, technology, venture capital on November 11, 2008 at 12:26 pm

News that Illumix has received £1.5 million in venture capital funding in order to set up a technical centre in the North-east of England.

The company’s technology aims to help large corporations with complex IT infrastructures to more accurately align IT resources with business requirements.

Chief technology officer Andrew Parker said: In many cases, businesses are supporting expensive legacy IT platforms that could be greatly optimised in terms of performance and operating costs.’

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Sight and Sound Technology BIMBO

In it, venture capital on September 19, 2008 at 4:25 pm

Sight and Sound Technology, a supplier of IT services for people who are blind or have learning difficulties, has completed a buy-in management buy-out (BIMBO). The deal was backed by Midlands-based venture capitalist Catapult Venture Managers, which invested £1.45 million, with senior debt from The Co-operative Bank.

Pentech Closes Software Fund

In funds, software, technology, telecoms, venture capital on September 10, 2008 at 6:11 pm

Glasgow-based venture capitalist Pentech has raised £45 million for its latest fund, which will invest in software companies in the UK and Ireland. The fund will back businesses with global potential in the enterprise software, telecoms software, internet and mobile sectors.

More info at Growth Business…

Plastic Logic secures extra funds

In electronics, venture capital on August 13, 2008 at 10:39 pm

Plastic Logic, which develops plastic electronics for flexible displays and sensors, has raised a new round of $50 million (£25 million) in equity finance led by existing venture capital investors Oak Investment Partners and Amadeus Capital Partners. To date, the company has raised more than $200 million.

More details at Growth Business UK

Advent Ventures into Wireless USB

In communications, computers, it, it hardware, technology, venture capital on March 1, 2008 at 1:01 pm

London-based Advent Ventures has joined in the latest Series D funding round at Wisair, a California-based developer of “dongles”, which allow devices such as computer keyboards, digital cameras and laptops to communicate with each other wirelessly. The round completed $24 million (£12.2 million).

Other new investors in this round are US private equity group Susquehanna Growth Equity, 40-year-old Japanese VC firm Yasuda Ventures, and Bridge Capital Fund of Japan, an affiliate fund of Tokyo-based investor Nikko antfactory. Wisair, whose technology allows data transfer at speeds of up to 480 megabits per second within a ten-metre radius, has already received $48 million in previous fundraisings. This latest round brings the total now invested in the company to $72 million. Existing venture capital investors include semiconductor specialist Broadcom, private equity giant Apax Partners, and Intel Capital, the investment arm of the US technology group.

Martin McNair, general partner at Advent, says his firm will be helping Wisair find technology partners in Europe.