May 15, 2009
VC Firms, Amadeus Capital Partners, Northzone Ventures, and Investor Growth Capital Invest 16 Million ($21,491,081.35) in Expansion Funding for Tobii Technology, AB
Based in Stockholm, Sweden, Tobii Technology, AB announced that it had raised €16 million ($21,491,081.35) led by Amadeus Capital Partners and Northzone Investors with existing investor, Investor Growth Capital participating. Tobii Technology, AB was founded in 2001 and has become one of Northern Europe’s fastest growing companies, becoming a global leader in eye tracking technologies. The company’s products are widely used in the scientific world and within market research organizations. Tobii Technology has offices in the United States, Germany, Norway, Japan, and China.
In 2007, Tobii Technology, AB received its first investment from Investor Growth Capital, which allowed the company to enlarge its product line and expand outside of Sweden. Proceeds from this latest round of funding will go to allow Tobii Technology, AB to continue to grow and add new developments to its line of products in eye tracking technology for both the assistive and analysis technologies. Proceeds will also go to find new technologies that Tobii plans to develop. Some of these technologies include eye controlled communication devices, anti-drowsiness devices for cars, as well as eye tracking technologies for computers, gaming, and vehicles.
According to Jeppe Zink, partner with Amadeus Capital Partners, Tobii Technology, AB has the right stuff to be a successful company and the innovative product that Tobii has, makes Tobii prime for success in the global theater. The fact that Tobii has outstanding technologies and a management team driven for success is the reason why Tobii Technology, AB is doing so well in this market.
As far as Anders Usund, partner with Investor Growth Capital, is concerned, Tobii Technology has been doing very well and the team at Investor Growth Capital is proud to invest in such a world class company and hopes that Tobii will continue to have success in the future.
Amadeus Capital Partners is one of Europe’s largest vc firms that invests in all sectors of the technology industry and since its founding in 1997, Amadeus has financed over 70 companies. Amadeus Capital Partners is based in Cambridge, England and some of the companies that Amadeus has invested in include CSR, E14, ForeScout, Nomad, Power Paper, SPI Lasers, Entropic, Green Road, and others.
Northzone Ventures is a Scandinavian vc firm that has offices in Oslo, Stockholm, and Copenhagen and has over 355 million ($47,078,877.50) under its management. The partners at Northzone all are former entrepreneurs and have the knowledge on what it takes to build successful companies in this highly competitive global marketplace. Some of the companies that Northzone has invested in include Appear, Colibria, Enigma, Envox, Jasper, Skinfo, Trollnet, and others.
Investor Growth Capital is actually the vc arm of Investor, AB which is one of the largest holding companies within Scandinavia. Investor Growth Capital likes to invest throughout Scandinavia and Northern Europe in the IT and healthcare industries.
For more information on Tobii Technology, AB; click here.