Deal Round-up – 10/01/02

Swiss biotech takes $34.3m second round funding; Jopejo secures £750,000 funding; E6m for StreamCore.

Swiss biotech takes $34.3m second round funding

Renovis, a Swiss biotechnology company working in the field of neurological disorders, has raised $34.3m second round funding.

The round was led by HBM BioVentures and included Applied Genomic Technology Capital, Bioveda Capital, De Novo Ventures, International BM Biomedicine Holdings, Vertex Management and Yasuda Enterprise Development. Existing investors Venrock Associates, Alta Partners and Skyline Ventures also participated in the funding.

Jopejo secures £750,000 funding

Jopejo, a company developing a device that enables pregnant women to accurately predict the onset of labour, has taken £750,000 from entrepreneur and business angel, Graham Cooper. The £750,000 investment will be used to accelerate production of a prototype as well as repaying the original loan from the White Rose Technology Seedcorn Fund (WRTSF) which financed the development of the technology.

Cooper, who joins the firm as chairman, has a history of supporting early-stage technologies particularly technologies emerging from the University of Leeds.

E6m for StreamCore

StreamCore, a French company offering bandwidth management for IP access networks, has secured E6m second round funding.

The round was led by SPEF Venture and 3i, and includes the Mitsubishi Corporation, Innovacom and AGF Private Equity. The new financing supplements a €3.65 million first round (led by 3i) that was closed in October 1999.

Riskclick secures $8.25m

Riskclick, a company developing ecommerce applications, has taken $8.25m second round funding. The company offers software and services that enable risk and insurance markets to develop ebusiness strategies.

Securitas, the corporate venturing arm of Swiss Re, led the round, while existing backers Bank of America and Amadeus Capital Partners reinvested.

Dutch mobile firm takes E4m

Atobe, a Dutch company offering mobile data applications to corporates, has received a E4m cash injection from a group of investors. The company’s customers include Fortis Bank, Funda and BMW. In addition, the company has hired Bart van den Dries as CEO.

The new investors include Residex, Sienna Holdings Europe – the investment arm of Pon Holdings, and members of the new management. Existing shareholders ABN Amro Participates, Advent International and Gilde IT Fund reinvested.