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June 11, 2007
Telechargement.fr and Softela Download €5M
Nexway, the French company behind software and content ecommerce sites such as Softela and Telechargement.fr (which means Download.fr) has raised €5M in a second round of finance from CM-CIC CAPITAL Privé and earlier investors Turenne Capital Partenaires and XAnge Private. Christophe Chausson of Chausson Finance sent us the news as his firm brokered the round.
The five year old company, which also runs its platform as a white label service, did about €7M in sales in 2006, and employed around 25 people this time last year.
Founded by Gilles Ridel back in 2002, Nexway is growing internationally and that's the reason it took on outside capital. Ridel's last venture brought him about $10M during the last venture cycle Jet Multimedia acquired it.
The download platform business is not a bad one to be in and a trade sale could be a likely exit. Back in 2004 before the market started getting into the more vibrant phase that it's in now, Digital River paid a good price for German startup Element 5, which was backed Earlybird Ventures, 3i and others, specifically $120M in cash.
View- Nexway
Posted on June 11, 2007 06:37 PM | Posted to News And Updates | Permalink
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