Investors in the third financing round include Lombard Odier & Cie, Apax Partners, Banexi Ventures and Healthcap.
Deritend has plans to widen the range of products and services and to become more proactive in developing relationships.
Knorr says its latest investment is in line with its mission “to focus on high technology companies that demonstrate strong competitive edge.”
Ericsson will retain a 20 per cent holding in the new company, Enterprise Solutions.
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The Myners Review is a job well done with plenty of good news for private equity in the UK. Comment from SJ Berwin & Co.
Deutsche Post Ventures and European Webgroup have offered to bring logistical as well as financial support to healthcare website Smartmission.
In his budget yesterday, the British Chancellor gave his response to The Myners Review, which recommends changes in institutional investment.
The new fund, Earlybird III, has already invested in 14 companies in Europe and the US.
The investment bank attributes much of its success to the buoyant markets of late 1999 and the first half of 2000.