Deal Round-up 22/11/01

Swedish security company raises SEK16m funding; E6.7m first round funding for French Internet services firm; Stockholm-based software house secures SEK7m investment

Swedish security company raises SEK16m funding

WeSpot, a Swedish company developing specialised security systems, has secured a second round of SEK16m in funding from a group of investors consisting of VC Industrifonden, Malmöhus Invest, CRT Ventures, Bure Equity and SEB Företagsinvest. VC Industrifonden has now invested a total of SEK10m in the company and its ownership stake is now 5.4 per cent.

The company hopes the global security market, which today has an annual turnover of around SEK2.5bn will rapidly embrace its technology. WeSpot has developed a camera platform for surveillance sensors, detection and access control systems.

E6.7m first round funding for French Internet services firm

Witbe, a French company specialising in Internet and Intranet monitoring and management services, has closed E6.7m first round funding from Innovacom, Odyssée Venture and a number of angel investors.

The money raised will be used to further develop the company’s technology platforms. Witbe currently supplies more than 200 customers with its email and web monitoring services. These clients include a number of financial institutions such as BNP-Paribas and Société Générale.

Stockholm-based software house secures SEK7m investment

Voxi, a software company based in Stockholm, has received a SEK7m cash injection from the Swedish Industrial Development Fund and CR&T Ventures. This is the second time the two groups have committed capital to the company.

Voxi is developing voice control technology for use in consumer electronic goods such as car stereos.The company’s technology enables a more ‘natural’ dialogue with equipment and can be developed for several languages simultaneously.