Investment Summary

Alta Partners and Amadeus Capital Partners Invest In Xelerated AB

On May 8, 2007, venture capital firms Alta Partners and Amadeus Capital Partners invested in semiconductors company Xelerated AB

Investment Highlights
  • This is Alta Partners’ 1st and Amadeus Capital Partners’ 1st transaction in the Semiconductors sector.
  • This is Alta Partners’ 2nd and Amadeus Capital Partners’ 3rd transaction in Sweden.
Investment Fate
  • Xelerated AB was sold to a publicly-traded strategic buyer in 2012.

Investment Summary

Date 2007-05-08
Target Xelerated AB
Sector Semiconductors
Investor(s) Alta Partners
Amadeus Capital Partners
Deal Type Venture

Target

Xelerated AB

Stockholm, Sweden
Xelerated AB is a fabless semiconductor company and engages in the high-throughput network processor (NPU) market. The Xelerated solution bridged the gap between generalised multi-core NPU designs that are costly and require high-power consumption, and ASIC-based solutions that are cheaper but lack customisation. The Xelerated solution offers the ability to perform a reasonable amount of customisation at a price point and with power consumption figures closer to those of an ASIC (application-specific integrated circuit).

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Investor(S) 2

Investor

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 37 of 59
Sector (Semiconductors) 1 of 1
Type (Venture) 31 of 48
Country (Sweden) 2 of 2
Year (2007) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 aTyr

San Diego, California, United States

aTyr is a biopharmaceutical company focused on identifying and developing a novel class of naturally occurring protein biologics for human therapeutics. aTyr was founded in 2005 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-15 Insulet

Acton, Massachusetts, United States

Insulet is a medical device company, which develops and manufactures insulin infusion systems for people with insulin-dependent diabetes. Insulet was founded in 2000 and is based in Acton, Massachusetts.

Sell -
Investor

Amadeus Capital Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Amadeus Capital Partners is an early late-stage investor in high growth European technology companies. Specific areas of interest include AI & machine learning, online consumer services, cybersecurity, digital health and medical technology, digital media, enterprise SaaS, fintech, and insurtech. Amadeus Capital Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 8 of 69
Sector (Semiconductors) 1 of 3
Type (Venture) 5 of 60
Country (Sweden) 3 of 3
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Edgeware AB

Stockholm, Sweden

Edgeware is a highly scalable ultra-low power video distribution systems, designed to allow operators to monetize video services. These services include video on demand (VOD), time shift TV, network Personal Video Recorder (nPVR) and wholesale Content Delivery Network (CDN) services. Edgeware provides the video delivery systems needed to offer video services across managed and unmanaged networks, with the ability to reach any screen, at any time, with any content.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-19 Openbravo

Pamplona, Spain

Openbravo is a cloud Point-of-Sale (POS) and retail management software solution for agile retailing. Openbravo helps midsize and large businesses around the globe successfully manage their retail operations and embrace continuous change and innovation in today’s fast-changing business environment. Openbravo is based in Pamplona, Spain.

Buy -