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May 16, 2007
Vienna's TTTech Raises €4M, Mulls IPO
Austria's TT Tech, which develops highly reliable data comms protocols and the hardware to handle it, has sold some €4M worth of shares to Athena Wien, an investment company. Wirtsschaftsblatt says that the new investor is meant to expand the shareholder base (Audi is the largest shareholder with about 25 percent) in preparation for an IPO.
Drive by wire is the operative buzz-term here
The startup recently raised €20M from a syndicate, including firstventury, a German VC.
Read - TTTech erhält Geldspritze und denkt mittelfristig an einen Börsegang
Posted on May 16, 2007 09:57 AM | Posted to News And Updates | Permalink
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