Deal round-up 13/02/02

Tak’Asic secures E10.8m second round financing; Gevaert backs Data4S; Digital Networks leads round for Endeca; Philips invests in Ishoni Networks

Tak’Asic secures E10.8m second round financing 

French still-image processing chipset manufacturer Tak’Asic has secured E10.8m in second round financing. Soffinova Partners and Doughty Hanson Technology Ventures joined existing shareholders in providing funding to support Tak’Asic’s continuing growth. 

The company, which makes image compression chips for equipment such as digital cameras, fax machines, digital copiers, scanners and laser printers, previously raised E2m in its first round of financing. Existing shareholders in Tak’Asic include Innovacom, Ventech and SPEF Ventures.

Gevaert backs Data4S

Data4S, a Belgian-based provider of customer intelligence and risk management software, has attracted E1.75m from new investors.  

Gevaert, the Belgium-based financial holding company, and angel investor Michel Akkermans provided the latest round of funding, which increases the total amount of equity raised by Data4S to E2.4m. The company had previously received funding from the Gemma Frisius Fund, a venture capital fund run and managed by the Catholic University of Louvain. 

Digital Networks leads round for Endeca 

Endeca Inc, a US-based developer of database browse and navigation software, has received an undisclosed cash investment from Digital Networks, the London-based venture capital firm. 

The latest funding comes four months after Endeca announced the completion of E17.1m ($17.1m) from Ampersand Ventures, Bessemer Venture Partners and Venrock Associates

Philips invests in Ishoni Networks 

Royal Philips Electronics has announced a E28m ($25m) equity investment for a 51 per cent majority interest in Ishoni Networks, a silicon and software solution provider based in Santa Clara, California.

The deal is part of a larger agreement between the two companies that will see Philips acquire the exclusive rights to sell, distribute and market the Ishoni products under the Philips brand.