E-Commerce Times Talkback
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Raising money from venture capital firms has proven difficult for high-technology startups
in recent months. But well-run companies that bring unique value propositions to large
markets have continued to acquire capital, and investment rates have held steady at US$6
billion to $7 billion per quarter. "Companies must show that their market is real and big,
not a niche market," US Bancorp Piper Jaffray analyst Safa Rashtchy told the E-Commerce
And what about the recent fundings in Europe?
Info2clear, Europe's leading provider of digital content delivery systems, has raised 3.5 million Euro in new financing. Bruficom is investing 1 million EUR in Info2clear, while the existing shareholders ABN AMRO Capital (Belgium), BELGACOM, CD Technicom and management are contributing a further 2.5 million EUR in fresh capital.
At a time when many technology start-ups are struggling to attract finance, Info2clear still attracts funds. The high standard of the financial parties is a recognition of Info2clear's leading technological solutions to the media and business markets.
"We are pleased to announce completion of the new funding round in one of the most difficult financial markets in recent history," says Anthony Belpaire, CEO and President of the Board of Info2clear. "Venture Capitalists are acting very cautiously, and are applying stricter, more analytical investment criteria."