December 2009

Georgia, EBRD Provides $1M Local Currency Loan to JSC Crystal MicroFinance Organisation

December 25, 2009

The European Bank for Reconstruction and Development (EBRD) is extending a Georgian Lari (GEL) loan equivalent to $1m to local JSC Crystal MicroFinance Organisation. The credit line is aimed to increase the availability of financing to micro and small enterprises (MSEs) and support JSC Crystal, a non-bank microfinance institution, in its drive to expand operations, [...]

Albania, EBRD Supports SMEs Lending €2M to Union Bank

December 24, 2009

The European Bank for Reconstruction and Development (EBRD) is increasing the availability of financing for Albanian small and medium-sized enterprises (SMEs) with a €2m medium-term credit line to Union Bank. The proceeds will be used to provide working capital and capital investment financing for SMEs across the country and thus implement the bank’s strategy to [...]

FYR Macedonia , EBRD Agrees €5M to Ohridska banka to boost financing for SMEs

December 24, 2009

The European Bank for Reconstruction and Development (EBRD) has agreed a €5m credit line to Ohridska banka, Societe Generale Group, to increase the availability of financing to the real sector in FYR Macedonia. The proceeds will be used to finance the operations of small and medium-sized enterprises (SMEs) with loans of up to €500,000. The [...]

Belgium, XDC Secures €15.3m in Growth Capital

December 23, 2009

XDC s.a., a Liege, Belgium-based provider of digital cinema distribution services, has secured €15.3m in growth capital from Gimv, SRIW and other existing investors. Founding partner EVS remains the most important investor with a 30.2% fully diluted stake (41.3% not diluted) while SRIW and Gimv become cornerstone investors with a 20.7% and 20.2% stake (fully [...]

UK, Grapeshot Raises £1.5M in Equity Financing

December 23, 2009

Grapeshot, a Cambridge, UK-based company whose technologies increase click-through rates and revenues from online advertising, has recived a £1.5m investment. The funding round was led by IQ Capital, a Cambridge, UK based venture firm that invests in early stage and developing high-tech businesses in the UK, with participation from angel investors. Tim Schoonmaker, previously the [...]

UK, Intamac Systems Raises £1M in Venture Capital Financing

December 23, 2009

Intamac Systems Ltd, a Northampton, UK-based provider of interactive home broadband services, has received a £1m equity investment from venture capital firm Seraphim Capital. The company has developed a web-based platform that enables a broad range of new products and interactive services for consumers to remotely monitor and control their home environment. This platform has [...]

Image Engine Design Receives $2.2M Financial Loan Package from BDC

December 23, 2009

Image Engine Design Inc., a Vancouver-based production studio specializing in visual effects for movies, received a $2.2m financial loan package from the Business Development Bank of Canada (BDC). Funds enabled the company to acquire a new building in order to expand its studio facilities to help meet growing business demand. Commenting on the financing, Greg [...]

EIRE, €23M Expansion to the AIB Seed and Early Stage Equity Fund

December 23, 2009

EIRE’s Government expanded the AIB Seed Fund, the vehicle dedicated to investing in start ups with a particular focus on technology, financial services, clean, green and medical devices sectors. AIB and Enterprise Ireland are partnering to invest €23m, contributing €15m and €8m respectively, and bringing the total fund size to €53m. The fund is managed [...]

Webvanta Closes Series A Financing Round

December 23, 2009

Webvanta Inc., a Sebastopol, CA-based developer of an innovative content management system, has closed a Series A financing round from North Bay Angels. The company, whcih develops a hosted content management system (CMS) that allows designers to build content-rich sites with structured data, reducing the time and effort required to build and deploy a dynamic [...]

Semantix Acquired by Private Equity Firm Litorina

December 23, 2009

Semantix, a Stockholm, Sweden-based language and communications company, has been acquired by private equity firm Litorina. Together with the company management, Litorina has acquired 100% of the shares in Semantix from the investment fund Accent Equity 2003. Semantix is the Nordic region’s leading provider of professional language and communications services. Through 150 employees working in [...]

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