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Euro Ventures - Thursday, December 21, 2006

This Week In Euro Tech Ventures

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Investments
+ CoComment, the blog comment tracking service that emerged from a Swisscom project, has raised $1.5M from Netage Capital for a 40% stake.

+ Burda Digital Ventures has acquired a 30% stake in Nachtagenten, a clubbing, events, and photo portal in Germany, for an undisclosed amount.
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Let's Go Clubbing Dieder

+ Wireless heart monitor maker BiancaMed, which spun out of University College Dublin, secured a €2.5M investment in a deal led by DFJ ePlanet Ventures.

+ Light Blue Optics, a UK company developing the optical gadgetry and software to enable things like using the mobilephone as a tv projector has tapped 3i for another €1M bringing its seed round to €3.5M.

+ France's Xcalia, developer of enterprise integration software, raised €2M.

+ Reevoo, a UK publisher of product and service reviews, has raised $5M from Eden Ventures.

+ Germany's Imageloop, a company that has developed an application for users to create an online moving photo album, or slideshow, for pasting into a website or their desktop, has raised around €1M from a syndicate of investors.

M&A
+ Google paid approximately €25M for parts of Endoxon, a Swiss software company specialized in mapping solutions. More Here.
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+ Navigon, a German developer of software for portable navigation, has acquired Navteq's navigtaion software business - to make it easier to develop products for the automotive market in-house.

Analysis
+ Hot P2P video start-ups include live P2P broadcasting firm Octoshape (backed by IVS and Nordic Venture Partners), Tribler (a Dutch university project), and CacheLogic (backed by Pentech, Amadeus, 3i ) which sells networking equipment optimized for managing P2P data.

+ The answer to this week's a:c euro Puzzler question: Which European VC reportedly courted and funded a fast-growing virtual paperdoll company after a tip from his teenage nieces, who told him it was their favourite site? Neil Rimer of Index Ventures . The winner was Kennet's Max Bleyleben.


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