Finnish PE/VC News
AnaCatum Receives a 10 MSEK Funding from Conor Venture Partners and Almi Invest
The company will strengthen its global customer relations, and further develop its performance differentiated IP in selected domains
Espoo, Finland and Linköping, Sweden – April 18, 2012 – AnaCatum, an intellectual property, IP, product provider of high performance analog and mixed signal blocks, announced today, that it has secured a SEK 10 million equity funding from Conor Venture Partners and Almi Invest. The funds will be used to further develop the IP based business model and to support the present tier customers and acquire new ones.
AnaCatum has world leading technology in highly portable mixed signal conversion IP, enabling time-, power- and cost-effective integration into the customers system on a chip solutions. The company is a merger between Cognicatus AB and AnSyn AB, both being technology leaders in their respective areas, and having heritages from Linköping University, worldwide recognized for its research and innovation in mixed signal technology and design, especially in the domain of analog to digital conversion.
“Through its highly portable digital architecture and Port-a-TechTM technology, the company has managed to secure several tier-one international customers within a short time-span, which really attracted us”, states Jarkko Penttila, Partner at Conor Venture Partners. “Furthermore AnaCatum’s technology allows the customers to stay ahead of their competition, and we are excited to provide an extra boost for the company development via our financial and other contributions”, he continues. “Our common target is to build a global leader in selected domains of mixed signal intellectual property”, adds Björn Persson, Investment Manager at Almi Invest.
Rolf Sundblad, CEO of AnaCatum states, “Via this equity investment the company will continue towards becoming a world leading mixed signal IP provider, recognized by all tier-one customers. Furthermore it will support the necessary marketing and sales efforts required to secure our growth going forward”.
Rolf Sundblad, CEO and Co-founder, AnaCatum Design AB Tel. +46 70 593 5493 firstname.lastname@example.org
Jarkko Penttilä, Partner, Conor Venture Partners Oy Tel. +358 50 516 6420 email@example.com
Stefan Lindeberg, Venture Partner, Conor Venture Partners Oy Tel. +46 70 884 2445 firstname.lastname@example.org
Björn Persson, Investment Manager, Almi Invest AB Tel. +46 70 207 4125 email@example.com
About AnaCatum Design AB
AnaCatum develops, markets and sells advanced mixed signal IP based on its highly digital architectures and its Port-a-TechTM software platform to the world-wide SOC (System-On-Chip) semiconductor industry. The company was founded in 2009 and has currently 14 employees. The head office is located in Linköping with sales representation in California, USA. AnaCatum serves several tier-one international customers. For more information, please visit www.anacatum.com
About Conor Venture Partners Oy
Conor Venture Partners is a leading early-stage technology VC investing in Finland, Sweden and the Baltic countries. With 70 million euros under management Conor invests in disruptive technologies in ICT, embedded systems, electronics, new materials and optics. The Conor portfolio includes companies in Nordics and Baltics such as Aito Technologies, BehavioSec, Crystalsol, Eniram, Imbera Electronics, Neo Technology, Plexpress, Scint-X, Sensinode and Supponor Systems. For more information, please visit www.conor.vc
About Almi Invest
Almi Invest is a venture capital company investing in Swedish companies with interesting business models and driven entrepreneurs. Almi Invest was launched in 2009 by an initiative from Almi Företagspartner AB together with regional partners. The proceeds that Almi Invest generate over time is turned into new investments, which means that Almi Invest is a so called Evergreen Fund. For more information, visit www.almiinvest.se