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startup: Swiss VC news : here is the text!

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startup: Swiss VC news : here is the text!

From: <click for textversion of email address >
Date: Fri, 30 Nov 2001 15:34:27 EST
X-Mailer: AOL 5.0 for Windows sub 124

Sorry, the previous link was not correct. Please read below. With my
apologies!
Pascal

BeamExpress

Swiss optical componentry startup BeamExpress Inc. is expected to
announce Friday it has closed a $4.5 million first round of
financing from Geneva-based venture capital firm Index Ventures at
an approximate valuation of $9 million. The company was spun out
of the Swiss Federal Institute of Technology in Lausanne earlier
this year to commercialize technology that has been developed over
the past seven years. It will target metro area access networks
with its patented vertical cavity surface emitting laser
technology (VCSEL). The money is expected to last for 18 months
and allow the company to hire between 10 and 15 new employees over
the next year to help launch a suite of products based on its
VCSEL technology. Stephanie Bess, a partner in the London office
of Los Angeles-based law firm Gibson, Dunn & Crutcher llp, was
legal counsel to BeamExpress and Index Ventures in the
transaction. Index also tapped Christian Marquis, a partner at
Swiss law firm Conod Vuagniaux Marquis for local legal counsel.
Eitan Liraz, a partner at Israeli law firm Bach, Arad, Scharf &
Co. was legal counsel to BeamExpress co-founder Eli Kapon in the
transaction. - Joshua Jaffe (The Daily Deal)

GigaTera

Dietikon, Switzerland-based optical componentry startup GigaTera
Inc. said Thursday it closed a $2 million second round of
financing from San Jose, Calif.-based Cypress Semiconductor Corp.
The company previously raised a $7 million first round of
financing from Zuq, Switzerland-based Broadband Capital and
Chicago-based JK&B Capital. GigaTera is developing componentry for
long-haul transmission based on research conducted at the Swiss
Federal Institute of Technology in Zurich. It will use the new
capital to speed its technology development. - Joshua Jaffe (The
Daily Deal)

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Received on Fri Nov 30 2001 - 20:39:23 PST

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