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Euro Ventures - Thursday, June 29, 2006

This Week in Euro Tech Ventures

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- France's Brandalley aims for breakeven this year, forecasting sales of $6M-$9M. Banexi Ventures-backed Brandalley is a French clone of Overstock.

- Open source's Alfresco shares its marketing secrets. Don't spend marketing dollars to contrast with your non open-source competitors, and get booths near convention bathrooms.

- German fuel cells startup, Pemeas, has has raised € 6M in an internal round, according to FuelCellWorks.

- Austria's Identec Solutions, which makes RFID-based tracking and tracing solutions, is raising another $15M in a deal led by RFID Invest AG of Lichtenstein.

- Charley Lax, managing general partner of GrandBanks Capital, an early stage VC writes (with a bit of irony) that London's AIM and Toronto's TSE may be a way to get around the issues with Nasdaq and tech IPOs.

- alarm:clock euro Venture Quiz. What was the name of the firm or fund that made the first VC investment in an open source software startup company based in Europe?

- Netvibes' Founder Says Mainstream Adoption Up, Still No Biz Model. Tariq Krim, founder of personal "homepage" software firm, Netvibes says that Netvibes interface is to Web 2.0 what the MAC graphical user interface was to computing (ie. it opened up the computer to a whole new user group: graphic artists and designers). And so it is that Netvibes opens up RSS, blogs, and other Web 2.0 apps to mainstream Internet users - not just geeks anymore.

- Ireland's Norkom Technologies floated on the Dublin (IEX) and London (AIM) exchanges this week, achieving a market cap of $126M and raising $26.4M.

- Berlin-based Zanox, an enabler of affiliate marketing for ecommerce firms has acquired Hamburg-based eProfessional for its search engine optimization technologies for about €20M.

- US Giants Buy Two Euro Photo Software Startups in Past 2 Days. Microsoft has bought the London's iView Multimedia. And Adobe Buys Pixmantec.

- Stardoll's €4M Series B Brings In Sequoia.

- French Linux Guru Gaël Duval starts Up Ulteo.He was the key developer of Linux Mandrake, who was recently ousted from Mandriva, formerly known as Mandrakesoft, with nothing but a thank-you (he writes) and a "two-month standard" severance package.

- Atlas Ventures is hosting a real elevator pitch at upcoming TheNextWeb conference in Amsterdam where entrepreneurs actually get in an elevator with two of the managing partners to pitch their idea.

- The European entrepreneur: sometimes you have to kick him in the butt, says Julie Meyer of Ariadne Capital, a technology company advisory firm.

- We also get Index Ventures co-founder Neil Rimer's Five Tips For Working With European Entrepreneurs: be willing and able to back a geographically distributed startup company, and structure deals to meet the risk profile of European entrerpreneurs.

- vpod.tv announced in its blog that FON founder Martin Varsavsky has invested an undisclosed amount in the online video publishing-on-demand company.

- Netbooster is expected to float on Alternext (the lightly regulated exchange that belongs to Euronext) this month. If it prices in the middle of its bookbuilding range it will raise €5M.

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