Technology
3TS Capital Partners sells adverServe
3TS Capital Partners has sold its majority stake in adverServe Digital Advertising Services GmbH. In 2006, 3TS invested into adverServe as part of its earlier PXP Software AG engagement.
Veraventure leads USD 1m round for XIHA Life
Finnish public venture capital fund Veraventure has led a USD 1m investment round for multilingual social networking site XIHA Life
smac partners acquires ICT-portfolio from iD TechVentures
Munich-based venture firm smac partners and Headway Capital have acquired a tail-end portfolio from iD TechVentures Ltd. The equity was drawn from smac partners Fund III, with Headway providing backing.
AUSTRIA - GEP exits Greentube
Global Equity Partners has sold its stake in online games company Greentube to Astra Games. Global Equity Partners held the stake via HTA III Venture Beteiligungs-Invest AG.
FRANCE - Sofinnova Partners leads EUR 3.3m investment in Celsius
Sofinnova Partners has backed Paris-based specialised mobile phone producer Celsius with EUR 2.2m, in funding round raisinig a total of EUR 3.3m. AGF Private Equity provided EUR 500,000 while a number of private investors completed the funding with a...
GERMANY – Hasso Plattner Ventures co-invests in RIB Software
Venture firm Hasso Plattner Ventures and listed software company SAP AG have invested in software provider RIB Software AG.
UK - DFJ Esprit-backed PacketExchange acquires Mzima
DFJ Esprit- and Bank of Scotland Growth Equity-backed PacketExchange, the internet exchange services provider, has acquired network services provider Mzima Networks for an undisclosed sum.
UK - Balderton-backed Codemasters to undergo restructuring
Computer games developer Codemasters, owned by UK venture investor Balderton Capital, is reportedly close to agreeing a restructuring that will see its private equity owners inject fresh equity into the business, while seeing its stake diluted.
SWEDEN - Sunstone in EUR 12.5m FlatFrog funding
Financial investor Invus and strategic backer Promethan have co-led a financing round for technology business FlatFrog Labratories, in which existing investor Sunstone Capital also participated, worth EUR 12.5m.
GERMANY - Triangle and ERP invest EUR 2.5m in TakWak
Triangle Venture Capital and ERP Startfonds have invested in TakWak, a spinout from FG Microtec, in a funding round worth EUR 2.5m.
UK - YFM invests £120,000 into New Net Technologies
YFM, alongside management, has invested ТЃ120,000 into software company New Net Technologies in a second round of financing for the business.
GERMANY - Seventure and DuMont invest EUR 2m in Tradoria
Seventure Partners and DuMont Venture have invested EUR 2m in e-commerce solutions company Tradoria, in a series-B funding round.
FRANCE - EdRIP invests EUR 2.5 in Smile
Edmond de Rothschild Investment Partners has backed Smile, an open source solutions company, with EUR 2.5m. The investment was rounded off with EUR 1m to purchase a part of the founders shares.
FRANCE - I-Source supports eYeka
I-Source has invested an undisclosed amount into eYeka, a company which a provides online video and image service applications.
FRANCE - I-Source invests EUR 2m in Mobigard
I-Source, alongside Direct Energie and Bouygues Telecom Initiatives, has provided software business Mobigard with a EUR 2m investment.
GERMANY - Wellington Partners sells eCircle for EUR 60m to TA Associates
TA Associates has acquired a majority stake in e-mail marketing service eCircle from Wellington Partners, in a deal worth in excess of EUR 60m.
EUROPE - Helvetia Wealth AG appoints new board member
Asset manager Helvetia Wealth AG has appointed Professor Gerhard Arminger as a member of its board.
FINLAND - Inventure and Nexit in EUR 3m round for Rightware
Venture investors Inventure and Nexit Ventures have co-led a EUR 3m financing round for software company Rightware.
UK - SEB Venture Captial et al. exit ShoZu
SEB Venture Capital, Atlas Ventures, Crescendo Ventures and TTP Ventures have all exited their stake in mobile phone application developer ShoZu, via a trade sale to messaging software provider Critical Path for an undisclosed sum.
UK - Seventure backs EUR 1m Carbon Hub investment
Seventure Partners has invested EUR 1m into Carbon Hub, a developer of web-based carbon management solutions, alongside individual angel investors.
FINLAND - CapMan Technology takes 34% stake in Profit Software
CapMan, via its CapMan Technology 2007 fund, has acquired a 34% stake in Profit Software Oy, a supplier of product-based IT software to the insurance and financial sector.
FRANCE - XAnge sells Vision
XAnge Private Equity has completed its second exit of 2009, selling its interest in software company Vision Objects to US-based strategic buyer DoubleDay Holdings.
AUSTRIA - Target Partners invests in Hetras
Target Partners has invested an undisclosed sum in hotel management software developer Hetras.
BELGIUM - Gimv sells stake in Clear2Pay to US-based Aquiline
As part of a EUR 50m funding round for Clear2Pay led by US-based Aquiline, Belgian private equity and venture investor Gimv has divested its stake in the online payment solutions company to the US-based private equity firm.