Air Liquide shows Vision
Air Liquide Ventures led a $15m funding round for Vision IQ/Poseidon Technologies, which develops computer vision software for surveillance.
Total investment in the company is $22.5m.
Air Liquide was joined by new investor Pre-IPO.net and all of the first round investors: Apollo Invest, CDC Innovation Partners, Credit Lyonnais Asset Management, and NeSBIC CTe.
Vision IQ/Poseidon Technologies was founded in 1995 and expects to reach profitability in 2002.
$14.3m tip for Butler
Venture capitalist 3i led a $14.3m investment in the Butler Group, a Hull-based IT research firm.
3i contributed $6.6m. Lloyds Bank contributed $3.6m.
Some of the money will be used to buy out founder shareholders that no longer play any role in the company.
The company said the money would allow it to invest in growth by expanding into Europe and recruiting new analysts.
TI invests in IT
Telecom Italia Labs has invested $2m in VirtualSelf, an Israeli information management firm.
The money will go toward product development and sales and marketing purposes. The two companies will work together on technology.
Founded in September 1999, VirtualSelf received seed financing from DCL and has offices in Israel and the U.S.
WeSpot sees $1.9m
SEB Företagsinvest, The Bure Fund, CR&T Ventures and Malmöhus Invest have put up about $1.9m for Lund-based WeSpot.
WeSpot develops surveillance technology.
E1.2m for Wiral
Tekes, the national technology agency of Finland, has invested E1.2m in Wiral, a developer of wireless software.
The investment comes as a capital loan and an R&D grant.
In November 2000, Wiral closed a E2m first round from Stratos Ventures.
Tekes provides grants and risk loans to research and development. Nokia and Sonera are among the firms to have received Tekes financing.