| Amadeus planning a new fund |
| Written by Business Weekly | |
| Friday, 04 March 2005 | |
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Amadeus Capital Partners in Cambridge and London is reported to be raising yet another fund – its fourth in just over seven years – to back more early-stage technology businesses.
Amadeus Capital Partners in Cambridge and London is reported to be raising yet another fund – its fourth in just over seven years – to back more early-stage technology businesses. It is understood that directors Dr Hermann Hauser and Anne Glover have been in Frankfurt for negotiations with key players and are optimistic of launching Amadeus III in preparation for a 2005 technology boom. No target figure has been revealed for the new fund but it is timely as TTP Ventures’ proposed £80m fund has apparently hit the rocks. Since its inception in 1997, Amadeus has backed over 45 companies in the UK and continental Europe. Its investments have covered computer hardware and software, mobile and fixed communications technologies and medical technologies. Investments have included wireless specialist Cambridge Silicon Radio; Optos, a manufacturer of laser retinal scanners; Cambridge Broadband; Valista, an electronic payments company; Solexa, developing ultra high speed gene sequencing machines and AePONA, a developer of standards-based software gateways for the telecoms industry. Successful realisations from the Amadeus portfolio include Entropic, bought by Microsoft and Element-14, bought by Broadcom Corporation. Amadeus I, Amadeus II and Amadeus Mobile Seed Fund realised £288 million.
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