Robert Bosch Venture Capital (RBVC), the corporate venturing unit of the Germany-based consumer technology and automotive parts conglomerate, on Monday helped Germany-based near-field communication company Ident raise €7.1m ($10m). The round was joined by Danube Equity, the Austria-based corporate venturing unit formed by the steel corporation Voestalpine and the 3-Banken Group, a fund belonging to three banks, and venture capital firm MIG Funds. MIG and Danube made an investment in Ident, reported by electronics industry newspaper EE Times as $4.1m, in April this year, though it is unclear whether this is included in the amount quoted yesterday. Both are long term investors in Ident. Dieter Kraft, investment partner at RBVC, said: "We are impressed by Ident’s technological and commercial achievements, and by the spirit and capabilities of the team. We are convinced that their solutions will make groundbreaking contributions to the user interface world and are happy to support their mission." Founded in 2002, Ident licenses its three-dimensional electric field sense technology to semiconductor and other electronics equipment manufacturers so users can control the equipment using gestures such as the wave of a hand. Ident will use the capital to support further growth as well as the introduction of its GestlC microchip in 2012.
- News & Analysis
- Global Corporate Venturing
- Global University Venturing
- Latest News
- Deal Data
- Community & Events
Bosch helps Ident raise €7.1m
Sep 6, 2011 • Robert Lavine
LEADERSHIP SOCIETYInforming, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Featured ContentFUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database.
FUNDING ROUND DATA
Which corporates are backing which startups? Search our corporate deal database.NOMINATE Nominations for the GCV Powerlist 2024 are now open
Nominations for the GCV Powerlist 2024 are now openEventsWebinar: Startups and Strategics – What works and what doesn’tEventsGCV Institute: Landing the Value of Corporate VenturingTop News
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.test reg