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Euro Ventures - Thursday, March 15, 2007

This Week in Euro Tech

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Investments
+ London-based Trampoline Systems, a four year old software that bills its software as harnessing social behaviour, has raised £3M from Tudor Group funds.

+ T-Vips, the Oslo based startup targeting cable and TV operators with its video gear, has raised a second round of €1.75.

+ Munich-based travel siteCosmotourist raises more angel funds.

+ NEXThink has raised SFr 6M. Its software does behavioral analysis and anomaly detection to find out if company insiders have been careless or purposely lax with security systems.

+ Paris' security startup SkyRecon raises $6.5M.

+ London's 3D film-maker Short Fuse funded.

M&A
+ Fiserv Acquires NetEconomy - Esprit gets an exit.

+ Paris' Digiplug bought by Accenture for B2B music skills.

+ Alter Way Buys Calliode2 for €2M - open source rollup.

IPO
+ Lovefilm, the UK DVD rental startup, which recently announced a move to add movie downloads, has appointed Goldman Sachs to find a buyer or prepare for what its backers hope could be a £100M flotation.

+ Putting Russian high tech on the map, one of the country's largest microelectronics and electronic equipment companies, Sitronic, gave the LSE its biggest tech IPO in five years with a $352M (£180.69M) float, valuing the company at £1.16B.

News and analysis
+ Another Russian team was making news this past week at the Geneva Motor show with a revived 100 year old motoring brand called Russo Baltique.
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That was then...
...During Soviet Times, The ZIL Was The Elite Vehicle In Russia.
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+ Ukash growing online payments biz without credit cards.

+ David Rimer from Index Ventures sent us an email to say that he's hosting a "completely open" event for entrepreneurs, techies, and investors types in Geneva on March 23rd.

+ Library House says that the Dutch are the "bootstrapping kings" of Europe. A good example to back up that notion is TomTom, the GPS gadgetmaker, now worth a good €3.5B, which was evolved without the benefit of VC money.

+ Product review: SOCV.net to make resumes plainer.

The a:c euro Puzzler
+ Name the French entrepreneur-turned- VC who is now a General Partner at a German venture capital firm, following stints at Benchmark Capital in London and Atlas Venture.

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