Gimv invests a further €11.2M in Inside Contactless

05 May 2010 | News
ICT

Funding

Gimv is to invest €11. 2 million in a fourth round funding of its French portfolio company Inside Contactless, a specialist in contactless secure transaction chips.

The other investors are following on and will be joined by French sovereign wealth fund Fonds Stratégique d’Investissement (FSI). The money will allow Inside to finance the takeover of the Secure Microcontroller Solutions business of Nasdaq-listed Atmel Corporation.

Secure Microcontroller Solutions, based in Rousset, France and East Kilbride, UK, is complimentary in terms of products, technologies, customer base and operations.

Gimv has been a shareholder in Inside since 1998. Other investors include Alta Berkeley, EuroUS Ventures, GGV Capital, Assa Abloy, Motorola, Nokia Growth Partners, Qualcomm, Samsung Venture Investment, Siparex, Sofinnova Partners, Vertex Venture Capital and Visa.


Never miss an update from Science|Business:   Newsletter sign-up