[Posted on May 19, 2006 - 11:37 AM]
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The IPO of software company NoemaLife on the Milan Stock Exchange last week gave Earlybird Venture Capital, a Hamburg, Germany-based firm, its sixth profitable exit in nine months. Earlybird provided seed funding to a rival health software company in 1999 that NoemaLife later acquired. NoemaLife's shares surged 39% upon trading. That gives Earlybird the hot hand in technology financing right now. Other exits for the firms are:
April 2006 - Entelos, a Foster City-based life-sciences company developing predictive computer models of human disease, began trading its shares on the AIM market of the London Stock Exchange.The firm said these exits will allow it to return LPs contributions to the fund "many times over". Roland Manger, managing partner of Earlybird, predicted portfolio companies Wilex, Amaxa, Zonare, Hemoteq and UPEK are in line for exits over the next 24 months. Not coincidentally, the firm is raising its third fund now.
March 2006 - Identify Software, a Petach-Tikva, Israel-based software company, announced its sale to BMC Software for $150 million.
October 2005 - Hamburg-based Tipp24 completed an IPO on the Frankfurt stock exchange.
September 2005 - Munich-based Interhyp and Zurich-based Esmertec completed IPOs on the stock exchanges in Frankfurt and Zurich, respectively.
Technorati tags: earlybird, ipo, vc, venture capital
