DB Capital commits $15m to PowerDsine

Deutsche Bank’s venture capital arm has led the latest investment round in the Israel-based company.

PowerDsine, an Israel-based developer of software-controlled network power solutions, has completed a $30m round of venture financing arranged by Robertson Stephens International and led by DB Capital Venture Partners, the venture capital arm of Deutsche Bank.

DB Capital Venture Partners invested $15m from the DB Capital Ventures Europe; other investors include Dain Rauscher Wessels Partners, Robertson Stephens Partners and several existing shareholders.

The funding will be used primarily to support the development of PowerDsine’s local area network product line.  The company is developing technology that enables the safe delivery of operating power, together with voice and data, on standard LAN cables.

PowerDsine’s current investors include Jerusalem Venture Partners, Steps Ventures, Clal, Poalim Capital Markets, Ampal, Vertex, Gmulot (which manages Bank Hapoalim's Providence Funds) and the Challenge Fund.