Amadeus backs Transmode financing round

European technology firm Amadeus Capital Partners has joined Pod Venture Partners, HarbourVest Partners and Shamil Chandaria in a $12m financing round of Swedish company Transmode.

Amadeus Capital Partners, a UK-based venture capital firm, has contributed to the $12 million (€9 million) financing round of optical networking manufacturer Transmode. Indian technology investor Shamil Chandaria has led the financing round, which Pod Venture Partners and global private equity firm HarbourVest Partners have also backed. All of the investors in this round have invested in previous financing rounds.

 

The investment is a follow-on from Amadeus’ second fund, Amadeus II. The firm led the original investment in Transmode in April 2001, and has since backed five financing rounds of the business, including this one.

 

Stockholm-based Transmode manufactures optical networking equipment for customers like Virgin Media and Norwegian media company Telenor. It generated sales of more than $50 million in 2006.

 

Founded in 1997, Amadeus has backed more than 60 technology companies, and is based in London and Cambridge. It recently closed its third fund, Amadeus III, on $310 million, and is also investing a $19 million seed fund, which it closed in November 2006.