Deal round-up 26-04

Domantis lands series B round; 3i supports Ubinetics; Pi Capital backs Procurecard first round; €3.2m for Siemens spin-off; Accel, Cross Atlantic back $6m round; Finnish video firm lands 4.4m round

Domantis lands series B round

Domantis, a UK-based therapeutics company, has raised $33 million in a Series B financing round led by 3i. Other new investors include Gray Ghost, Albany Ventures and an undisclosed institutional investor from the US. The company’s existing shareholders, MVM and Peptech, the quoted Australian biotechnology company, also participated in the round.

Domantis was launched in December 2000 by Greg Winter (co-founder of Cambridge Antibody Technology) and Ian Tomlinson. Prior to this round, Domantis had raised $25 million. Domantis employs 40 staff and has laboratory facilities in Cambridge, UK and commercial offices in the US. Nigel Pitchford, an associate director at 3i, will join Domantis’ board of directors.

3i supports Ubinetics

UbiNetics, a supplier of 3G mobile communications technology, has secured a $26 million investment led by 3i, marking the biggest technology financing deal since 2002. UbiNetics was formed in 1999 as a spinout venture from PA Consulting Group – the management, systems and technology consulting firm – which also participated in this round of funding and remains the largest shareholder in the company. The money raised from the funding will go towards completing the company’s 3G development programme and bringing its 3G technology to market.

Pi Capital backs Procurecard first round

Pi Capital, the independent venture capital firm investing in growing unquoted UK businesses, has made a £3 million development capital investment in Procurecard, a provider of solutions for small and medium sized companies that unlocks value within their non-core procurement spend. Over 70 of Pi Capital’s private investor members participated in the deal. The capital raised will allow the company to fund recruitment and manage the company’s growth.

€3.2m for Siemens spin-off

Munich-based Panoratio Database Images has closed a €3.2 million Series A financing round. The syndicate of investors consists of DVC Deutsche Venture Capital, PolyTechnos Venture Partners, Siemens Technology Accelerator and the Panoratio management team. Panoratio’s database images software technology was developed in the department for neural computation of Siemens Corporate Technology. It allows for compression, transportation and analysis of a large amount of data with high dimensionality. Panoration was founded in March 2003 as a spin-off from Siemens.

Accel, Cross Atlantic back $6m round

Mobile Cohesion, the Belfast-based mobile service provider, has secured a $6 million funding round led by US venture capital group Accel, an existing investor in the company, and Cross Atlantic Capital Partners. The funding is the second part of the firm’s first round of financing and takes the round to $9 million. The investment will be used primarily to fund the onward development of Mobile Cohesion’s HYDRA Service Provider Access Gateway technology, and is aimed at delivering a HYDRA V2 product later this year into the Service Delivery Platform (SDP) market.

Finnish video firm lands €4.4m round

Oplayo, a Finnish mobile video specialist, has raised €4.4 million from a group of existing and new shareholders including Nokia Venture Partners, Zouk Ventures, Holtron and Siemens Mobile Acceleration (SMAC). SMAC, a subsidiary of Siemens’ wireless group, invests in wireless applications and technologies for mobile telephony. SMAC CEO Dietrich Ulmer will join the board of Oplayo. Founded in 1999, Oplayo's corporate headquarters are in Helsinki, with offices in London and Munich.