Deals

Doughty, 3i invest £8m in DeepStream

DeepStream Technologies, a Welsh embedded sensor company, has raised £8.1m in second-round financing from Doughty Hanson Technology Ventures and 3i.

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Doughty Hanson Technology Ventures (DHTV), an early-stage venture capital firm, and global private equity firm 3i have invested £8.1 million (€12.1 million) in a Series B funding round for DeepStream Technologies, a UK disruptive embedded sensor company.
 
DHTV reinvested in DeepStream, having previously injected £10 million of first-round funding alongside the company’s founders and a grant from the Welsh Assembly in September 2004.
 
The Welsh Assembly has also provided more than £4 million in grants following the Series B round for a purpose-built design and manufacturing facility in Parc Menai, North Wales.
 
Icon Corporate Finance provided corporate finance advice to DeepStream in both the Series A and B funding rounds.
 
Based in Bangor, DeepStream designs and manufactures intelligent embedded sensors for electrical products, allowing them to communicate data for networked services and provide diagnostic, prognostic and energy management capabilities.
 
Based in London and Munich, DHTV manages $272 million for early-stage technology venture capital investments in Europe. The firm currently has a portfolio of 20 businesses.
 
3i’s current early-stage investments include CamSemi, a spin-out from Cambridge University’s department of engineering, and SIGE, a US fabless semiconductor business.