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Euro Ventures - Thursday, December 13, 2007

This Week In Euro Tech Ventures

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Investments
+ Wellington Partners has acquired a stake TravelHorizon Group in exchange for €10M in venture capital.

+ InsideContactless announced a Series C round of $38M in a deal led by Nokia Growth Partners.
+ Bahu, a private social networking site for young students across Europe, announced today the completion of its first round of funding.

+ Dutch startup Libersy raised €1.2M for online booking platform.

Microsoft buys UK's Multimap.

+ SensorDynamics, a company that develops gas and motion sensor products, among other types of sensors used in automobiles, announced a Series B round of $37M.

+ YooMedia, which counted Sony as a backer, and did four dating acquisitions last year has just acquired Spain's Fresh IT, an interactive TV company.

News & Analysis
+ Last week the Puzzler asked you to identify a European city that offers somewhat warmer weather than Zurich (between three and five degrees on the Celsius scale), is home to some interesting startups and a nice urban lifestyle. The answer is: Barcelona.

+ Clean Energy Stocks At A Peak? We've been hearing VCs complain about the high valuations of some alt energy startups at industry conferences, and we've marveled ourselves at the rich valuations on solar energy companies on these pages, but private equity investors are now saying that these valuations are not sustainable.

+ The reviews for Le Web in Paris are positive. One tech sector blogger describes his feeling about being there as being like a kid in a candy store.

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