UK - SEB Venture Captial et al. exit ShoZu

London-based ShoZu provides mobile social media services that connect mobile consumers with their online social networks, personal blogs, photo storage sites and other Web 2.0 properties from the handset. The company's patented technology provides fast, one-click uploads of photos and video clips from the mobile to the Web, full-resolution photo and video delivery without compression, as well as a suite of services that push content to the phone. The company was founded in 2000 and has offices in London and San Francisco.

In February 2008, SEB led a $12m series-C funding round for ShoZu, taking a 15% stake in the business. SEB committed $5m to the financing, with existing investors Atlas Ventures, Crescendo Ventures and TTP Ventures also participating.

The deal represents the second venture-backed exit in the UK so far this year, a sign that 2010 could see a wave of trade sales as private equity and venture capital firms look to return capital to their investors after a year-long dry spell.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Technology
• UK / Ireland