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Latest JazzMutant News
Aug 14, 2013
* Reuters is not responsible for the content in this press release. BORDEAUX, FRANCE, Mar 10 (MARKET WIRE) --Stantum Technologies (www.stantum.com), a pioneer developer ofmulti-touch sensing technologies, announced today it has secured $13million in Series B funding. CDC Innovation and Auriga Partners co-ledthe round with XAnge Private Equity as historical investor (2007). Valery Huot, Managing partner of CDC Innovation, and Philippe Granger,partner at Auriga Partners, have joined Stantum's board of directors,alongside Nicolas Rose, partner at XAnge Private Equity. According to Stantum CEO Etienne Paillard, the new funding will be used todevelop a worldwide sales and marketing organization in the U.S., Europeand Asia; increase R&D capacity for next-generation sensing technologiesand new products; and establish and increase mass manufacturingcapabilities through partners. Stantum, originally called JazzMutant, was founded in 2002 with an aim todevelop new human-machine interface standards for the creative industry.In 2003, JazzMutant produced the world's first multi-touch screen thatcould track an unlimited number of fingers at once. In 2005, JazzMutantlaunched the first multi-touch product, the first such on the market.Facing an ever-growing demand from various OEMs, the company began workingin 2006 to make its patented multi-touch technology available tothird-party integrators. In 2007, after a round of financing led by XAngePrivate Equity, JazzMutant became Stantum and officially launched its OEMactivity. "Stantum has assembled an unparalleled engineering and top management teamwith a proven track record of bringing leading products to market," saidHuot. "The company has already demonstrated cutting edge multi-touchsolutions that are attracting strong partner and customer interest formobile phones, navigation devices, and other consumer electronicsequipment. " "We are very excited to be supporting Stantum and are impressed by theprogress the company has made to date. Stantum's focused strategy andunique multi-touch technologies provide a very strong foundation forfuture success," added Granger. Vadis Ventures, a corporate finance boutique focused on the high-techsector, advised Stantum through this round of financing. About Stantum Technologies Stantum Technologies (www.stantum.com) has been the pioneering company inmulti-touch display technology since 2002, and in 2005 was the firstcompany to market commercial products using a truly reliable multi-touchuser interface. Today, Stantum's breakthrough technology portfolio isavailable under license for products covering every aspect of multi-touchinteractions: touch panels, controllers, intellectual property cores, andsoftware framework. Stantum is headquartered in Bordeaux, France. About CDC Innovation Founded in 1996, CDC Innovation (www.cdcinnovation.com) is aninternational venture capital firm with its world headquarters in Parisand offices in the Silicon Valley and Switzerland. With more than $575million currently under management, its focus is on venture investments,at both the early and late stage, in two sectors: informationtechnologies and life sciences. Its aim is to create value by providingtalented entrepreneurs with the resources, experience and networknecessary to turn world-class technologies into great businesses. About Auriga Partners Auriga Partners (www.aurigapartners.com) is an independent venture capitalfirm. Based in Paris, it invests in information technologies and lifesciences, in innovative high-potential ventures, in seed or earlydevelopment stages, in Europe, North America and Israel. Auriga Partnersmanages three funds for a total of more than $420 million. Along withinvesting the necessary capital, Auriga Partners also brings itssavoir-faire in developing and solidifying executive teams, organizingcompanies, broadening their networks, and forming strategic and corporatepartnerships. About XAnge Private Equity Backed by leading European companies and financial institutions, XAnge(www.xange.fr) is a unique private equity firm with EUR 350 million inassets under management. XAnge was first launched in 2003 through thecreation of XAnge Capital, a unique European venture capital firm thatfocuses on connectivity businesses and is sponsored by Groupe La Poste.XAnge Private Equity -- an investment firm created by La Banque Postale --ABN AMRO and management, has since developed a broader range ofcompetencies from venture capital to growth/transfer capital. As an activeminority shareholder, XAnge supports growth companies. XAnge hasdeliberately positioned itself as a link between large corporations andsmall and medium-sized businesses, to which it offers its expertise and anindustrial -- as opposed to a merely financial -- vision. Last year, XAnge Private Equity established a branch in Munich whichreceived an advisory mandate to manage most of the IT technology portfolioof Deutsche Venture Capital (DVC), Deutsche Bank's venture capitalsubsidiary. This new entity enables XAnge to continue its internationalexpansion, and to pinpoint investment opportunities in Germany in the hightech, telecom and clean tech sectors.Editorial Contact:Neal LeavittLeavitt Communications760-639-2900 or 760-212-9112Email ContactCDC InnovationValery HuotManaging PartnerEmail ContactAuriga PartnersPhilippe GrangerPartnerEmail ContactRodolphe LilamandPrincipalEmail ContactXAnge Private EquityNicolas RosePartnerEmail ContactRodolphe MenegauxInvestment managerEmail Contact-- Legal advisor - Investors: Chammas & Marcheteau, Geraldine Vignat etArys Serdjanian-- IP advisor - investors : Santarelli, Herbert Lewitter et Helene Stankoff-- Legal advisor - Stantum : DDA Conseils, Laurent Delage et JoachimBruneteau-- IP advisor - Stantum : BREDEMA - Pierre Breese-- Fund raising advisor, Stantum : Vadis Ventures - Baruk Pilo-- Financial Due Dilligence : Adwelsen, Florent Belliard-- Technical Due Dilligence : ALX Management, Alex BezingeCopyright 2009, Market Wire, All rights reserved.-0- Trending On Reuters
JazzMutant Frequently Asked Questions (FAQ)
When was JazzMutant founded?
JazzMutant was founded in 2002.
What is JazzMutant's latest funding round?
JazzMutant's latest funding round is Other Investors.
Who are the investors of JazzMutant?
Investors of JazzMutant include XAnge, Galia Gestion, Expanso CAPITAL and Aquitaine Creation Investissement.
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