European Venture Capital Journal articles from September 2001

European Venture Capital Journal archives from September 2001

Back to work.
September 1, 2001... We say goodbye to the summer months with a bummer September issue in part boosted by carrying double the deal load. July deals continued to rumble in but things thinned out, as expected, in August, and the number of deals being announced and...

Eiger Capital sets up fund-of-funds.(Brief Article)
September 1, 2001... Former head of venture capital at European Investment Fund, Roger Pett is heading a new fund-of-funds management company, Eiger Capital, based in Luxembourg. There are plans to launch a pan European venture capital fund this autumn and it is...

Buyouts boost M&A market.(mergers and acquisitions, United Kingdom)(Brief Article)(Industry Overview)(Statistical Data Included)
September 1, 2001... In spite of the lull in the UK M&A market buyouts continue to perform strongly with total value for the first six months up 56 per cent to [pound]13.5 billion. M&A activity, however, fell 71 per cent, according to the Centre for Management...

GRESHAM TRUST OPENS IN MANCHESTER.(Brief Article)
September 1, 2001... GRESHAM TRUST, THE UK MID MARKET buyout firm, will open an office in Manchester this autumn on the back of the success of its Birmingham office, which opened two years ago and has already completed six deals. Simon Inchley leads the...

UK buyout volume slows down.(survey by KPMG Corporate Finance)(Brief Article)(Statistical Data Included)
September 1, 2001... While mega deals are boosting the value of the UK buyout market, deal volume has been impacted by a sharp downturn in the UK M&A market, according to a survey by KPMG Corporate Finance. In the second quarter of 2001 the total value of UK MBOs...

LEMAN RECRUITS FOR NEW FUND.(prepares for launch of second fund)(Brief Article)
September 1, 2001... GENEVA-BASED BUYOUT FIRM, LEMAN Capital is preparing for the launch of its second fund with four new recruits. The target for the new fund is over twice the size of Leman's first offering and is expected to raise between [euro]350 million...

Top ten UK MBO/MBI/IBOs QII 2001.(value)(Brief Article)(Illustration)(Statistical Data Included)
September 1, 2001... Top ten UK MBO/MBI/IBOs QII 2001 Name Value [pound]m Yell Group 2,140 Whitbread Pubs 1,675 BPT 709 Delancey Estates 683 Cannons Group...

Investments in Germany by stage Q1&Q2 2001.(Brief Article)(Illustration)(Statistical Data Included)
September 1, 2001... Investments in Germany by stage Q1&Q2 2001 Stage Value DM (m) % Volume % Seed 91.38 2.81 66 6.57 Start-up 860.33 26.48 359 35.76 Expansion ...

Germany going steady.(German venture capital association releases figures for first half of year)(Brief Article)(Statistical Data Included)
September 1, 2001... BVK, the German venture capital association, has released German private equity investment figures for the first half of the year revealing a steady performance in terms of amount invested, up around three per cent with total new investments...

UK VCs perform well in 2000.(venture capitalists, survey by British Venture Capital Association)(Brief Article)(Statistical Data Included)
September 1, 2001... Net returns per annum to investors in private equity funds raised by UK venture capitalists between 1980 and 2000 did not perform as well as the previous year, according to the British Venture Capital Association's Performance Measurement...

Growing interest in CDOs.(Barclays Capital Asset Management unveils three new collaterised debt obligation funds)(Brief Article)(Statistical Data Included)
September 1, 2001... Targeting a growing sector of the credit market Barclays Capital's fund management arm, Barclays Capital Asset Management, is unveiling three new collaterised debt obligation funds (CDOs), two focusing on the European market and one in the US....

RBS expands invoice finance activities.(Royal Bank of Scotland to acquire Euro Sales Finance)(Brief Article)
September 1, 2001... ROYAL BANK OF SCOTLAND HAS AGREED TO buy sales finance provider, Euro Sales Finance (ESF) in a transaction valuing the company at [pound]68 million. The deal will enable the bank to expand its invoice finance business into Europe. Euro...

Bridgepoint enters Nordic market.(Bridgepoint Capital opens office in Stockholm)(Brief Article)
September 1, 2001... European private equity player, Bridgepoint Capital has opened its first office in the Nordic region. The new office is based in Stockholm and is headed by director, Graham Oldroyd. Chris Busby and Chris Bell, who were part of the dedicated...

Rolling Buyout Tables 1991-2000 Leading Debt Arrangers.(Brief Article)(Illustration)(Statistical Data Included)
September 1, 2001... Rolling Buyout Tables 1991-2000 Leading Debt Arrangers Rank Rank No Value [pound]m -1999 2000 Arranger 91-2000 91-2000 1 1 Deutsche 42 9,757 2...

Hicks, Muse scales back.(Hicks, Muse, Tate and Furst refocuses business activities)(Brief Article)(Statistical Data Included)
September 1, 2001... Global private equity firm, Hicks, Muse, Tate & Furst is refocusing its business activities. The Dallas and London offices will assume more of a pivotal role, while the New York and Buenos Aires divisions will be satellite offices. As a result...

MGPE'S 90 day wait.(Morgan Grenfell Private Equity to wait for buyout)(Brief Article)
September 1, 2001... ON JULY 12 THE MANAGEMENT BUYOUT of Morgan Grenfell Private Equity, which had almost a year in the gestation, was blocked. As a result Graham Hutton, the chief executive of Morgan Grenfell Private Equity, left and Sir Robert Smith took on the...

Rolling Buyout Tables 1991-2000 Leading Mezzanine Arrangers.(Brief Article)(Statistical Data Included)
September 1, 2001... Rolling Buyout Tables 1991-2000 Leading Mezzanine Arrangers Rank '99 Rank Mezzanine Value [pound]m No 91- 91-2000 Arranger 91-2000 2000 2 1 Royal Bank of...

Duke street recruits for CDO fund.(Duke Street Capital Debt Management hires Leona Campbell to manage collaterised debt obligation funds)(Brief Article)
September 1, 2001... Following the closing of its first CDO fund at [euro]750 million, Duke Street Capital Debt Management (DSCDM), debt fund management business of the Duke Street Capital Group, has appointed Leona Campbell as associate director. She joins from...

Rolling Buyout Tables 1991-2000 Leading Equity Arrangers.(Brief Article)(Statistical Data Included)
September 1, 2001... Rolling Buyout Tables 1991-2000 Leading Equity Arrangers Rank Rank Equity Value [pound]m No 1999 91-2000 Arranger 91-2000 91-2000 1 1 Cinven 3893 ...

Far blue ups Scottish presence.(Brief Article)
September 1, 2001... far blue, the independent technology investment and management group, is to set up an Edinburgh office, less than nine months after establishing its Glasgow base. The office will be headed by IT professional, David Hamilton, who was previously...

Changes at PwC Incubator.(PricewaterhouseCoopers Venture Partners hires MIchael Jonovski as investment director)(Brief Article)
September 1, 2001... Newly-named PricewaterhouseCoopers Venture Partners is ramping up its investment activity with the appointment of Michael Jonovski as investment director and a new hire to join the team in the coming months. There is also talk of a venture...

Greek tech fund launched.(by NBG Venture Capital with backing from the National Bank of Greece)(Brief Article)
September 1, 2001... NBG Venture Capital, a subsidiary of the National Bank of Greece, has announced the formation of an early stage technology fund, the NBG Tech Fund. The fund aims to raise up to [euro]80 million and will be advised by Microsoft. Kyriakos...

Redwood & inVentures merge.(with TMT)(Brief Article)
September 1, 2001... TMT-focused executive search firm Redwood Partners and European TMT early and expansion stage investor in Ventures are to merge. This will result in the creation of a pan-Atlantic firm focused on providing executive search, strategic consulting...

3i Euro and Asia expansion.(new office in Hong Kong)(Brief Article)
September 1, 2001... As part of its ongoing process of internationalisation, 3i has opened an office in Hong Kong. The new office is a step further in the firm's regional development strategy, allowing 3i better access to the venture capital markets of North Asia....

West Steag Partners launch.(joint venture by West LB and Steag AG)(Brief Article)
September 1, 2001... West Steag Partners, a [euro]100 million fund, has been set up to invest in high tech companies in Europe, Israel and the US. The joint venture has been agreed between German bank West LB and German power company Steag AG. Both partners hold an...

PALL MALL PARTNERS' VC DEBUT.(venture capital fund)(Brief Article)
September 1, 2001... ASSET MANAGEMENT FIRM PALL MALL Partners is preparing to raise its first venture capital fund, the Pall Mall Technology Fund. The independent boutique is based in London and Cambridge. It has recently relocated to a new office in Cambridge to...

University spin-outs on the up.(business spin-outs from universities)(Brief Article)
September 1, 2001... Over 310 new businesses have been spun out from 37 UK universities since July 1998, a three-fold increase compared with previous spin-out activity from these universities, according to figures provided by corporate finance house, FirstStage...

Bmp drastic cut back.(to ensure liquidity)(Brief Article)
September 1, 2001... German venture capital firm, bmp will initiate an extensive cost reduction programme to ensure it has sufficient liquidity to continue through to 2003. The decision follows first half results that record a drop of 67 per cent in sales revenues....

US venture investment slides.(Brief Article)(Statistical Data Included)
September 1, 2001... Equity investments in venture-backed companies in the US fell for the fifth quarter running to $8.2 billion in Q2 2001 compared to $10.4 billion in Q1 2001, according to the PricewaterhouseCoopers MoneyTree Survey. This represents a...

NEW NAME FOR NET INVESTOR.(Private Equity Investor)(Brief Article)
September 1, 2001... UK INVESTMENT TRUST NET INVESTOR has officially changed its name to Private Equity Investor, following approval from firm's shareholders at the annual general meeting held in July. The reason for the name change was that the board felt that Net...

Knorr Capital Partners winds down portfolio.(plans to sell off at least five of its portfolio companies)(Brief Article)
September 1, 2001... Knorr Capital has announced plans to sell off at least five of its portfolio companies by the end of this year. Three will be sold to institutional or strategic investors and two are scheduled to go public. It is expected the sales of these...

SPARK and AIS end GlobalNet battle.(NewMedia SPARK ready to claim victory in bid for GlobalNetFinancial)(Brief Article)
September 1, 2001... Early stage technology investor, NewMedia SPARK's (SPARK) bid to acquire all of the outstanding shares of struggling international financial portal GlobalNetFinancial has finally come to an end. Following an ongoing battle with Milan-listed...

US start-ups drawn to Europe.(VC managers disagree with approach according to survey)(Brief Article)(Statistical Data Included)
September 1, 2001... Some 70 per cent of US-based technology companies plan to continue overseas expansion into Europe in spite of the economic slowdown. However, the way these US companies are approaching expansion differs significantly from the approach...

Accel and KKR in technology venture.(Accel-KKR Telecom)(Brief Article)
September 1, 2001... Investment specialists Accel Partners and Kohlberg Kravis Roberts (KKR) have set up Accel-KKR Telecom, a global venture that will focus on investments in the telecoms sector. The role of chief executive officer has been handed to Arun Sarin,...

SPARK controversy over Sputz offer.(under scrutiny by Germany's takeover commission)(Brief Article)
September 1, 2001... The end of one battle marks the start of another for acquisitive venture capital firm NewMedia SPARK. The firm's intention to acquire a majority stake in Sputz a German broking and venture capital firm, has become the subject of debate amid...

STAR Capital launches fund.(Brief Article)
September 1, 2001... Along with the acquisition of two TotalFinaElf divisions STAR Capital Partncrs has announced the launch of its private equity fund focused on capital outsourcing. The fund has so far raised [euro]272 million towards a target of [euro]500...

NVM launches Northern 3 VCT.(Northern Venture Managers)(Brief Article)
September 1, 2001... Northern Venture Managers will launch a third generalist VCT on September 25. The VCT aims to raise [pound]25 million from private individuals. The VCT will be the third generalist trust raised by NVM since 1995. It also manages an AIM-focused...

Digital Networks 1st closing.(European Digital Infrastructure Fund I, [euro]47.5 million)(Brief Article)(Statistical Data Included)
September 1, 2001... Digital Networks has held an initial closing for its first fund, European Digital Infrastructure Fund I, at [euro]47.5 million. The fund started raising in January following regulatory approval and hopes to announce a final close of [euro]75...

21 Invest closes [euro]323m fund.(Brief Article)(Statistical Data Included)
September 1, 2001... 21 Invest Industry Fund has announced a final closing of [euro]323 million. It will be invested in mid-market buyouts and build-ups in Southern Europe. The fund was launched in 1999 and hopes to capitalise on the expanding private equity...

Final close for Index.(Brief Article)
September 1, 2001... Index Ventures has closed its third fund at $300 million. The investor is based in Switzerland and invests throughout Europe in technology and biotech start-ups. It now manages $500 million. The new vehicle will place a greater emphasis on...

JO Hambro leisure & media VCT.(Brief Article)
September 1, 2001... INVESTMENT MANAGER JO HAMBRO HAS raised [pound]9 million for its first VCT, which focuses on the leisure and media sectors. Around a quarter of the VCT's capital has been raised from two of JO Hambro's hedge funds. The firm has funds of around...

BAEPE closes 2nd European fund.(Brief Article)
September 1, 2001... Banc of America Equity Partners Europe (BAEPE) has closed its second fund at [euro]590 million, more than half of which ([euro]300 million) has already been invested. This brings the total of BAEPE's funds under management to over [euro]790...

Avlar BioVentures launches second fund.(Brief Article)
September 1, 2001... Avlar BioVentures Fund II has raised [pound]38 million in its first closing. The fund hopes to raise [pound]75 million, nearly four-times the amount of Avlar's first fund. The purpose of this is to allow the company to make larger commitments...

JVPIV $350m in first close.(Brief Article)
September 1, 2001... Jerusalem Venture Partners (JVP), the international communications venture capital firm, has achieved a first close of its fourth fund JVPIV with $350 million in commitments. The new fund is targeting early stage communications and Internet...

WestAM COREplus $180m close.(Brief Article)
September 1, 2001... THE PRIVATE EQUITY ARM OF GLOBAL investment firm, WestAM has achieved the first close of its COREplus Private Equity Partners Fund at over $180 million. The fund has a target of $500 million and expects a second closing later this autumn and a...

Busy times for Northern Venture Managers.(Brief Article)
September 1, 2001... Northern Venture Managers (NVM) has raised [pound]22.04 million through the latest share issue for Northern 2 VCT and plans to launch Northern 3 VCT in September. The top-up share issue for Northern 2 VCT was announced in January. It closed on...

E-millennium 1 reaches [euro]200m target.(Brief Article)
September 1, 2001... E-MILLENNIUM 1, A PRIVATE EQUITY FUND focusing on investments in the TMT sector, has exceeded its target amount with a final close of [euro]210 million. The Munich-based fund was launched in April 2000, with a target of [euro]200 million....

MVM's second fund targets [pound]75m.(Brief Article)
September 1, 2001... MVM anticipates raising [pound]40 million on the initial closing of its second fund, which ultimately hopes to raise [pound]75 million. The UK-based life science investor will invest the new fund in startup and early stage companies in the UK,...

PPM Ventures sells Fired Earth.(Brief Article)
September 1, 2001... UK-based interior finishes company, Fired Earth has been acquired by the Aga Foodservice Group for [pound]29.5 million. The acquisition provides an exit for PPM Ventures, the private equity arm of the Prudential. PPM Ventures led the...

Lee Cooper goes to Matalan.(Brief Article)
September 1, 2001... Bridgepoint Capital, Phoenix Equity Partners and other shareholders have sold branded jeans and casual clothing company, Lee Cooper to fashion retailer, Matalan for [pound]45 million ([pound]74.5 million). The business is being acquired free of...

Albemarle to float Home Entertainment.(Brief Article)
September 1, 2001... ALBEMARLE PRIVATE EQUITY HAS APPOINTED Teather & Greenwood to assist in the flotation of Home Entertainment on the London stock exchange's Alternative Investment Market. Albemarle, which typically invests in small buyouts and expansion...

3i pulls out of TrainStation.(Brief Article)
September 1, 2001... UK-based health club chain, TrainStation has been acquired by Crown Sports for [pound]8.4 million providing an exit for venture capital house 3i, which originally owned a 45 per cent stake in the company. The purchase consideration of...

Bridgepoint exits Healthcall.(Brief Article)
September 1, 2001... Following its realisation of branded jeans company Lee Cooper, Bridgepoint Capital has announced the sale of another of its portfolio companies, Healthcall. Nestor Healthcare Group has bought the provider of primary healthcare services from...

CSFB realises Belcom investment.(Brief Article)
September 1, 2001... CREDIT SUISSE FIRST BOSTON Private Equity has sold its stake in Swiss broadcasting group, Belcom. For the sum of CHF92 million, Zurich-based media group Tamedia has acquired 100 per cent of the shares in Belcom Holding AG, which includes the...

ICG makes Rightworks sale.(Brief Article)
September 1, 2001... E-commerce specialist, Internet Capital Group (ICG) has completed the sale of its stake in RightWorks, a provider of second-generation e-business applications. E-business platform, i2 Technologies has bought the company in a transaction valued...

Cinven sells IPC to Time Inc.(Brief Article)
September 1, 2001... Cinven has sold the IPC Group, which it bought from Anglo-Dutch publisher Reed Elsevier in January 1998, to Time Inc, a wholly owned subsidiary of AOL Time Warner Inc. The purchase price for IPC Group was reported at [pound]1.15 billion...

Cityreach: a reach too far.(Brief Article)
September 1, 2001... Cityreach, the pan-European provider of Internet infrastructure and managed services, otherwise known as Internet hotels, has been placed in the hands of administrative receivers KPMG. Venture capital losses will be huge unless, and perhaps...

HGCAPITAL LOWERS STAKE IN PARC.(Brief Article)
September 1, 2001... HGCAPITAL, FORMERLY MERCURY PRIVATE Equity, has sold the majority of its stake in Irish specialist recruitment company, Parc Group, in a management buyout transaction that values the company at around [euro]49 million. Under the terms of the...

3i exits Rohan in secondary buyout.(Brief Article)
September 1, 2001... 3i has sold its interest in Rohan, the specialist manufacturer of outdoors and adventure clothing, to Piper Private Equity and Baring English Growth Fund in a secondary buyout. 3i bought Rohan from C&J Clark in September 1996. KPMG advised C&J...

Bridgepoint exits Capella.(Brief Article)
September 1, 2001... BRIDGEPOINT CAPITAL CONTINUES ITS recent run of exits with the sale of Capella to Finland Post. The consideration has not been disclosed. Bridgepoint Capital, as NatWest Equity Partners, bought Capella from UK-Listed Microgen Holdings in a...

HSBC PE sells Mira showers.(Brief Article)
September 1, 2001... HSBC SBC Private Equity has sold Mira showers, part of the Caradon plumbing division, to Kohler Corporation, for [pound]301 million. The sale, along with the disposal of Twyford Bathrooms earlier this year, has recouped almost all of the firm's...

Nordisk Parkering exit for UBS.(Brief Article)
September 1, 2001... UBS Capital has exited its 1998 investment in Nordisk Parkering via a secondary buyout to Bridgepoint Capital. The deal is thought to be worth in the region of [pound]50 million. During its time in the UBS Capital stable Nordisk Parkering...

UK public-to-private bid premiums.(Brief Article)
September 1, 2001... In this, the first in a series of biannual articles, we look at the driving forces behind the surge in public to private transactions over recent years and examine public to private activity in the UK during the first half of 2001 and the...

Buyouts with a European target announced between July 1 and August 20 2001.(Brief Article)
September 1, 2001... Buyouts with a European target announced between July 1 and August 20 2001 Target industry Date announced Target name sector 01/07/2001 Allison A/S ...

People Moves.(Brief Article)
September 1, 2001... Proctor to head IBJ's Lev Fin Don Proctor has joined the Industrial Bank of Japan as head of its leveraged finance team in Europe. He will be based in London. Proctor joins from UBS Warburg's leveraged finance team in London where he was a...

Still smiling.(Brief Article)
September 1, 2001... The Irish venture capital market continues to enjoy growth on the back of strong fundamentals and a strong entrepreneurial culture. Michael Murphy reports. The rise of the Irish venture capital sector from what was practically a standing...

Getting to market.(Brief Article)
September 1, 2001... Seed capital may be thin on the ground, but a good idea still has a strong chance of support. Michael Murphy reports Entrepreneurs throughout Europe often complain of the difficulty of finding early stage funding to get an idea off the...

Institutional investors get back into the driving seat.(Brief Article)
September 1, 2001... Institutional investors are finding they are once again able to drive the investment discussions when it comes to fund terms and conditions now that venture capital and private equity markets have ground to a halt, returns are in doubt and...

Central Europe: the new land of private equity opportunity?(Brief Article)
September 1, 2001... Some successful foreign direct investment coupled with the move of many countries in the region towards EU integration and the stability and transparency these have brought to the region make Central Europe a better understood investing...

Looking for investments outside Silicon Valley.(Europe seen as promising market)(Column)
September 1, 2001... Although their experience has so far been mixed, American venture capital firms continue to look at Europe as a promising market. The challenge is to blend Silicon Valley style investing into the local culture, writes Paola Subacchi Over...

B-business partners.(look to combine benefits of corporate venture with those of independent funds)
September 1, 2001... b-business partners aims to combine the benefits of corporate venturing with those of an independent venture capital fund. Louis Cowley reports Taking all the benefits of a corporate venture fund and adding the bonuses of an independent...

Ministry of Sound: onwards and upwards.(receives venture capital funding)
September 1, 2001... Ministry of Sound is known as the creme de Ia creme of the dance world and thanks to the reputation that it has built for itself has now received backing from veterans of the venture capital business, 3i. Angela Sormani reports Ministry of...

Laying down the law.(interview with Jonathan Blake)(Interview)
September 1, 2001... SJ Berwin, now working from seven offices across Europe, is a leading private equity and M&A law firm, and was named by EVCJ as this year's Private Equity Law Firm of the Year. From its position at the heart of the European industry, we asked...

Fibercorp wins [euro]10 million.(raises money from current investors)(Brief Article)
September 1, 2001... Brussels-based telecom infrastructure company, Fibercorp has raised [euro]10.62 million from current investors, ABN AMRO Ventures, GE Capital Telecom, PAI LBO Fund and Paribas Dcelnemingen. Demot bvba, the private investment vehicle of Armand...

[euro]14m for Mcn tele.com.(telecommunications operations receives venture capital funding)(Brief Article)
September 1, 2001... Men tele.com, the company pioneering a voice-operated personal assistant known as "Veronica", has secured a third VC round of [euro]14 million. The current backers of the German telecom company are BHF-Bank, Dresdner Kleinwort Capital, Swiss...

EasyRentacar gets [pound]26m.(NBGI Private Equity, Bank of SCotland Corporate Banking provide funding)(Brief Article)(Statistical Data Included)
September 1, 2001... NBGI Private Equity and Bank of Scotland Corporate Banking have provided a [pound]26 million funding package for easyRentacar, the low-cost car hire business backed by Stelios Haji-Ioannou. He has already floated easyJet and Stelmar Tankers,...

Expeditus gets [pound]1.5m.(receives start-up funding from Consulta)(Brief Article)
September 1, 2001... Expeditus, an online trading platform targeting the courier industry, has been launched with [pound]1.5 million start-up funding from Consulta, a London-based asset management firm. The founder of Expeditus, Mark Cairns came up with the...

IDG Ventures European debut.(announces first European investments)(Brief Article)
September 1, 2001... IDG Venture Europe has announced its first European investments including a $7.5 million funding round for Shazam Entertainment. The UK-based company offers mobile phone users a music recognition service. Other participating investors include...

Storm Telecom secures $35m.(receives second round funding)(Brief Article)
September 1, 2001... Storm Telecommunications has raised a second round of funding from investors including Soros Private Equity and Merrill Lynch. Storm is an optical service provider based in the UK. The company simultaneously announced a Life-Saver Service,...

Mega bioinformatics funding.(Inpharmatica receives financing)(Brief Article)
September 1, 2001... Inpharmatica, a UK drug discovery company, has raised [pound]31.25 million. Dresdner Kleinwort Capital, which led the round, believes it is the largest financing for a bioinformatics company anywhere in the world this year. New investors...

LetsBuylt wins court ruling.(against Shmulik Stein International)(Brief Article)(Statistical Data Included)
September 1, 2001... LetsBuyIt.com has won its court battle regarding an unfulfilled funding agreement with Shmulik Stein International. A court in Amsterdam has ruled in support of a preliminary injunction against Shmulik Stein International, which has not handed...

TenUK expands with [pound]5m.(Time Energy Network receives second round funding)(Brief Article)
September 1, 2001... tenUK (Time Energy Network), a lifestyle management company, has raised [pound]5 million in a second round of funding. Two German strategic investors, RWE and Henkel, have supplied the majority of the capital. Forty of tenUK's staff also...

More funding for igeneon.(receives second round funding)(Brief Article)
September 1, 2001... igeneon, an Austrian biotech developing cancer treatments, has raised [euro]30 million in its second round of funding. Altogether nine investors have contributed to this private placement, reportedly Austria's largest biotech VC round to date....

Colibrys in first round.(first venture capital funding round)(Brief Article)
September 1, 2001... Colibrys, a company founded at the beginning of the year as a wholly owned spin off from CSEM (Centre Suisse d'Electronique et de Microtechnique), has raised $12 million in its first venture capital funding round. Colibrys designs, develops and...