Deal round-up 26/03/02

DrKW backs SmartPipes funding; LMS Capital invests £3m in Vio; InnovationsKapital takes stake in Corus Technologies

DrKW backs SmartPipes funding

Dresdner Kleinwort Wasserstein has invested in the fourth round financing of SmartPipes, a US-based provider of web-based software solutions.

SmartPipes has raised $51m in this latest fundraising round. DrKW invested alongside Kleiner Perkins Caufield and Byers, INVESCO Private Capital, Continuation Investment Partners, Nationwide Mutual Insurance Company, Presidio Venture Partners and WK Technologies Fund.

SmartPipes plans to use the cash to continue the development of new software features for its family of managed services creation and delivery tools for network service providers. The company has now raised a total of $116m since its inception in 1999.

LMS Capital invests £3m in Vio

LMS Capital, the venture capital arm of London Merchant Securities plc, has announced a £3m investment in Vio, a UK-based provider of software and services to the print and publishing sector. The funding will be used by Vio to further develop its subscription-based software products. 

LMS Capital has been investing in early-stage technology ventures for more than 15 years. In the year ending 31 March 2001, LMS Capital invested a total of £93.1m and has invested in excess of £200m since 1999.

InnovationsKapital takes stake in Corus Technologies

InnovationsKapital, the Swedish early-stage venture capital firm, has announced an investment of E2.2m in Corus Technologies, an IT integration company based in Stockholm. InnovationsKapital invested the capital via its third fund, InnKap 3 Partners and will join IT Provider, Woodbridge and Amymone as a major investor in the firm.

InnovationsKapital focuses on Nordic investments within ICT and Health care and life sciences. The firm has E188m under management across its three funds.