Deal Round-up 22/02/01

Apx Computer takes E2.3m first round funding; Wevada secures E1m funding; UK fibre optic firm raises $15.3m; Alta Partners invests in 7TM Pharma.

Apx Computer takes E2.3m first round funding

Apx Computer, a French company developing e-security networks, data storage and secure payment systems, has secured E2.3m first round funding from a group of investors including Siparex Croissance, Siparex Developpement and Avenir Entreprises.

Siparex Croissance, a subsidiary of the Lyon-based venture capitalist Siparex invested E1.3m in Apx Computer, followed by Siparex Developpement, which injected E500,000. Avenir Entreprises, a subsidiary of the banking group Caisse des Dépots committed E500,000.

Wevada secures E1m funding

Wevada, a Belgian company developing embedded telemetry and telematics technology has taken E1m first round funding from m-Brussels Invest. The money raised will be used to further develop the company’s product set.

M-Brussels is a private risk capital fund founded in December 2000 and funded by Siemens, Belgacom, Bruciform and Knowledge Cube. So far the fund has invested in five companies.

UK fibre optic firm raises $15.3m

Sagitta, a UK company developing process equipment for the fibre optic industry, has secured $15.3m second round funding. The company will use investment to develop its sales and marketing efforts and increase product development.

The band of investors in this round were led by Pitango Venture Capital and included Tamir Fishman Ventures and Ascend Technology Ventures.

Alta Partners invests in 7TM Pharma

Alta Partners, the private equity firm, has invested an undisclosed amount in 7TM Pharma, a drug design company. Existing investor Index Ventures has led the second round of funding. This takes the total amount invested in the company to $23m.

The other investors include Index Ventures, Lombard Odier & Cie, Novo, Baker/Tisch Investments and Dansk Innovationsinvestering.