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January 18, 2008
WAYN Backers Invest in German Travel Community and Other Fresh Deals
austriamicrosystems, a SWX traded semiconductor firm, and New Scale Technologies, of Vector, NY annouced the completion of a Series B round with the European chipcom making a $6M investment in exchange for a 25% minority share in the company. New Scale makes very tiny piezo motors (shown above) for cameraphone autofocus, electronic locks, and other applications.
Read - austriamicrosystems AG - Financial News
Deutsche Startups has the news that AdScale, a Germany-centric online ads service provider (based on auction-model) has raised new capital from early investors Holtzbrinck and European Founders Fund. It also recruited to the management team Matthias Pantke who drove TradeDoubler's business in the DACH region. Industry insider Oliver Thylmann recently reviewed AdScale and OpenAds (funding announcement earlier this week). Worth reading to learn more.
Read - OpenAds Getting
Tornado Insider is reporting a rare space-related VC funding deal. A Dutch/German real-time game engine company, iOpener, has raised capital from German venture capitalist Triangle. It looks like the startup aims to embed satellite nav system chips in racing cars and use its software to enable regular folks to join games and compare themselves with the professionals and "when an actual live event is going on" .
Read - ESA spin-off scores €4.1 million for real-world, yet virtual, gaming
Howzat Media, an investment vehicle of two British Internet entrepreneurs, who also invested in WAYN, an online travel community, has made its first investment in Germany, backing trivago, a two year old travel community that has reviews of holidays, accomodation, and destinations. Deutsche Startups has a report with details on other investors. And TechCrunch UK has some reporting on rumors about WAYN being acquired.
Read : HOWZAT media
Computer Business Review reports that Audiotube, an online music video portal, has acquired video encoding and playback products and technologies from CineFX, a UK-based software development company.
Posted on January 18, 2008 12:34 PM | Posted to News And Updates | Permalink
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