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August 29, 2007
BridgeCo Raises $17M and Other Fresh Euro Deals
BridgCo Raises More Cash
BridgeCo has raised $17M in venture debt from ETV Capital, along investment by existing backers. The Swiss audio streaming enabler is meeting its projected growth figures. It has some design in wins. One we know of is Denon, according to a separate release. ETV Capital joined all of BridgeCo’s existing investors, including Advent Venture Partners, Balderton Capital (fka Benchmark Capital Europe), Cipio Partners, Earlybird Venture Capital, Fidelity Ventures, Intel Capital and Wellington Partners.
View Bridgeco
Read - BridgeCo's D Round (alarm:clock euro)
SportMe Raises Further Early Stage $ from Mountain Partners
In an intro to a video interview with SportMe.de Gruenderszene reports that the Frankfurt-based social networking platform for sports enthusiasts has gained new investor Mountain Partners. Its early backers include Oliver Jung, Alexander Artope and Econa AG. There are a few sports socnet coming online, as we posted earlier this summer.
Read - Sports Socnets On the Rise (alarm:clock euro)
Platinnetz funded
Holtzbrinck has invested in a venture also backed by the European Founders Fund (Samwer brothers), a social network for baby boomers.
M&A
France's iPlanto Acquired
Strasbourg-based iplanto has been acquired by Infoblox out of California. No disclosure on the size of the transaction, but the French startup was just 3 years old and had been making inroads selling its IP address management software to enterprises using Microsoft, Cisco, and VMWare's products. It had taken an investment of about €300K from a local strategic investor and some €200K in grants.
Posted on August 29, 2007 04:49 PM | Posted to News And Updates | Permalink
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