MC Ventures leads web hosting investment
Attenda, a European web hosting company based in the UK, has secured £9m in new financing. The investment, led by MC Venture Partners, brings the total funding raised by Attenda to £29m since it launched in 1997.
The company plans to use the financing to invest in the development of new products and services and to advance its operational management of enterprise-level Microsoft infrastructures. The firm says it is targeting Q4 2002 to achieve profitability.
Additional funding in this round has also come from three existing investors – UBS Capital, Phoenix Equity Partners and Tarrant Venture Partners. The firm has also previously received backing from Hewlett Packard. Last year, the firm was ranked number two in the 2001 Sunday Times Tech Track 100 list.
MVV backs US power back-up power systems firm
The corporate venturing arm of German utility MVV has committed $2m to technology firm Pentadyne, a US company that develops back-up power systems.
MVV’s venture capital fund, managed by Accera, participated in the financing round alongside a number of other European utility groups, including French utilities firm Electricité de France. The size of the stake acquired has not been disclosed.
Pentadyne is one of a number of firms developing 'flywheel' hardware. The technology aims to ensure an unbroken power supply to installations such as internet data centres or industrial robots, which require constant power.
Accel, Benchmark invest in Activiti
US venture capital investors Accel and Benchmark Capital have contributed $6m in first round financing to UK software development company Activiti. The Thames Valley firm, established in 2002 by Documentum founder John Newton, is planning to develop application software initially targeting the financial services industry.
The funding will enable the firm, which announced the appointment of former Business Objects executive John Powell as CEO, to complete the development of the firm’s first product over the coming months.