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November 30, 2007
Mojowatch euro: e-trading is back, early stage euro vc is not, and Other News
Reported widely this week is news that Gigle Semiconductor raised $20M. Find coverage at eetimes(a freelance market of your a:c euro reporter) and lightreading.com
Referencement.com, a French online web marketing specialist with global connections and a mkt cap of €29M announced two acquisitions this week, buying a 100% stake in Agorad, an independent interactive media agency, and Daooda an ad network. Agorad and Daooda have been acquired from their managers and founders, Dimitri Ducourtieux and Michaël Amar who join Referencement new media div.
The IHT's Victoria Shannon reports on Web startups and VC trends from a Red Herring event in Budapest. It is her end-user targeted column so the companies she highlighted are consumer-oriented, e.g. momail and jooce.
Stock Trading Back Online in Europa. BW has a feature on the resurgence in online trading of the consumer kind in Europe. Last few paras describe an opportunity for startups, providing information and "advice". The return of individual investors to e-trading has not escaped the notice German entrepreneurs at brokr and stockjaeger and sharewise , as reported by Blognation Germany.
LPs slightly more optimistic about European early stage investing, reads the headline on an AltAssets survey report this week here. We saw it and were already planning how to spend the bonus income as interest in European tech venture news climbs and site traffic climbs to match it.
Managed to miss that word "slightly" in the title on first reading. What the article says is that the current view on European venture is somewhere between 'neutral' and 'marginally negative', and the amount of money flowing to European VC at the early stage is stagnating at about €4.1B invested annually. There are not enough Euro VCs that match the criteria for LPs to invest, it says. But the researchers did say they expect more activity in Europe from deep-pocketed US investors.
Posted on November 30, 2007 05:00 PM | Posted to Online services | Permalink
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