Geocapital invests $19m in Axiom
Geocapital Partners has put $19m into Axiom, an inventory management software company.
Reading-based Axiom will use the cash to expand into Europe.
Axiom says that, according to the Deutsche Bank e-technology infrastructure report of November last year, demand for its software will increase at an annual rate of about 47 per cent.
Geocapital Partners was founded in 1984 and manages about $500m.
Apax leads E16m round in Cortologic
Apax Partners led an E16m funding round in Cortologic. Other investors included Earlybird Venture.
Jürg Stahl, founder and former CEO of Micronas will join Cortologic as CEO. Cortologic was founded in 1998 and develops semiconductors for speech recognition.
Apax has about E12bn under management.
Advent leads E15m round in Mediapps
Advent Venture Partners has led a E15m fourth round in Mediapps.
Advent invested E7.5m alongside existing investors AGF Private Equity, Artemis, Paribas Affaires Industrielles, Partech International and 3i Technologie Holdings.
Paris-based Mediapps makes portal software and will use the money to prepare for an IPO as soon as market conditions are right.
Alain Tingaud, chairman and CEO of Infovista, will join the Mediapps board.
Advent Venture Partners has about E765m under management.
VCF Partners backs Heritage
VCF Partners has led a second round of funding worth £3.25m in Heritage Image Partnership.
The funding was arranged by MTI and included investment from Gartmore Fund Managers, e-Technology VCT and Enterprise VCT.
Heritage Image partnership is an online picture library that provides access to the picture and photographic collections of museums, art galleries and libraries.
Chase Episode 1 sends £800,000 to Mailround
Chase Episode 1 has provided £800,000 for Mailround, a provider of e-mail marketing services and technology.
The company will spend the money on infrastructure technology, marketing, and working capital.
Mailround’s board includes Simon Murdoch, a founding partner of Chase Episode 1 and erstwhile managing director of Amazon.co.uk.
The company does not expect to raise more money for another year and hopes to be profitable by the end of the year.
In two earlier rounds, Mailround raised £3.2m from Episode 1 and individuals.