Esprit officially launched on the back of Newham investment
Simon Cook, chief executive of Esprit, said the new fund will manage Cazenove’s vintage 2000 Cazenove New Access Europe Fund of GBP234 million ($442 million) and the roughly GBP50 million ($94 million) under capital from the Prelude Trust PLC, giving the new firm a capitalization of about GBP284 million ($536 million).
Great site, I was particularly amused by the background picture on this page. Nice one Simon ;-) Amadeus team, when is your site revamp due ? Esprit also boasts a fellow VC blogger, MC Nic "The E Kicker".
The site puts forward the following exits:
"We have had great success with KVS (sold to Veritas for $225m), Alphamosaic (sold to Broadcom for $123m), Fillfactory (sold to Cypress Semi for $100m), DRI (sold to Invitrogen for $60m) and Blackspider (sold to Surfcontrol for $40m)."
New deals include Xanadu Wireless B.V and Newnham Technology, which Simon chose to highlight in his VentureWire interview. Martin Gibson led the Series A on Newnham. Newnham’s product is the NIVO (Network In Video Out) which essentially enables a display to become a networked device, much like a printer. Besides the typically hardcore Cambridge innovation and difficult spelling, the company is interesting for a number of reasons:
- Founders include Quentin Stafford-Fraser of webcam fame (the legendary trojan room coffee pot) and Martin King, the man behind T9 predictive texting. They know a thing or two about making a technology into a market standard…
- New CEO is Hamid Farzaneh, second in command at Genesis Microchip, which he was instrumental into turning into the dominant display silicon vendor.
- … and they got a deal with Kensington to make Dell’s next gen docking stations a reality (shipping today)