NEWS
June 12, 2007
Endeavour Vision announces first closing on Endeavour II, a €160 million European Venture Fund.
 
The recently merged teams of Endeavour and Vision Capital Europe, today announced the first closing of Endeavour II at €64 million. A majority of the capital for the first closing was provided by returning investors, including family offices, pension funds and entrepreneurs. The Fund, which will invest across Europe with a focus on Technology and Life Sciences, is targeting a final close of €160 million by year end.

Since 1989, principals of the firm have invested in 63 companies in 10 different European countries, from seed to late stage companies, with 40 exits realized to date. The Managing Partners are Sven Lingjaerde, Damien Tappy and Bernard Vogel.

Commenting on the first closing, Sven Lingjaerde, a veteran European venture capitalist said, “Europe is entering a new phase in entrepreneurship. We can consistently find companies with returning entrepreneurs who want to grow innovative, large, and global enterprises from Europe. Our Fund was set-up with them in mind.” Endeavour Vision has always focused on developing its network of successful entrepreneurs. A third of the investors in Endeavour II are entrepreneurs who have built large technology companies. “Thanks to our CEO-Circle, we have access to a large base of seasoned entrepreneurs with expertise and networks in areas of strategic focus for the Fund. They are eager to share their experience and to mentor the next generation of European entrepreneurs” commented Damien Tappy.

“We believe that the market conditions and the general eco-system for entrepreneurs in Europe are at an optimum, and will strongly benefit venture investments. The timing of this fund is ideal”, added Bernard Vogel.

About Endeavour Vision
Endeavour Vision combines a team of experienced venture capital professionals who have collectively invested in 63 companies in 12 countries in both Information/Communication Technologies and Life Sciences since 1989. The firm invests across Europe in early stage companies which have the potential to become global leaders. Beyond money, Endeavour Vision brings years of experience, expertise and network to its entrepreneurs, plus a passion for success.

Past investments by date includes: SanDisk (SNDK), Dolphin Interconnect Solutions (Oslo:DOLP), SCM Microsystems (SCMM), Virata (CNXT), Trintech (TTPA), Altitun (acquired by ADC Telecommunications), OneBox (acquired by Phone.com), Tagsys RFID, Cirpack (acquired by Thomson), Media Lario, Syntune and Sequans in Technologies as well as Actelion (SWX:ATLN), Novimmune, Axovan (acquired by Actelion), Kuros Biosurgery and Endoart (acquired by Allergan) in Life Sciences.

Contact:
Amanda White
aw@endeavourvision.com
Tel +41 22 544 6061

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partner of the European Tech Tour "In preparing for our dual IPOs on the Nasdaq and Neuer Markt, it was very important for SCM Microsystems to gain insight and access to the European investment scene. This team helped SCM build the foundation for our successful offerings not only with capital, but with sound guidance and value-added services as well."
Robert Schneider, founder and CEO, SCM Microsystems Inc.