Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


TVM Capital leads new investments in Azea Networks and Extend Media

Boston and Munich, April 16, 2007 – TVM Capital, a transatlantic venture capital firm based in Munich and Boston, announced today that it has led new investments in Azea Networks, an innovative supplier of optical line termination equipment for submarine communication links; and ExtendMedia, a leading provider of software and media services that enable digital video content providers and distributors to quickly and securely create, deliver, manage & monetize online content offerings over many devices. The firm led the $20 million (€15.26 m) Series D financing of United Kingdom-based Azea Networks ( Existing international syndicate partners Accel Partners and Atlas Venture also participated in the round. TVM Capital also led a $12 million (€9.2 m) B round investment in Boston-based Extend Media ( TVM Capital joins existing investors Atlas Venture and Venrock Associates, and Boston-based TVM General Partner Ed Braginsky joins the company’s board of directors.

These investments reflect TVM Capital’s technology investment focus on sustained communications infrastructure demand, driven by broadband penetration and rapid growth in rich media consumption, especially video content. “Investments in Azea and ExtendMedia reflect our commitment to investing in outstanding technology companies in the U.S. and Europe that can potentially benefit from our expertise and industry relationships in both Europe and the U.S.,” says TVM Capital General Partner Ed Braginsky. “Extend Media powers some of the most demanding commercial video sites on the Web. A strong international syndicate will help the company extend their position as the leader in enabling digital media commerce across the globe.”

With the rapid growth of Internet traffic on international submarine routes, global operators face unprecedented capacity demands on their current communications infrastructure. This challenge is compounded by the high capital costs of constructing new cable systems. Operators’ ability to effectively exploit their existing cable assets with high-capacity upgrade solutions will help them reach their operational and financial targets. “We have been impressed by Azea’s experienced team and their innovative approach to solving the global telecommunications operators’ dilemma of achieving profitable growth,” says Chris Cobbold of TVM Capital, who has joined Azea’s board of directors.

About TVM Capital
TVM Capital, founded in 1983, is one of the first venture capital firms formed in Germany and an early entrant into the U.S. market in 1986. Since inception TVM Capital has raised more than €1.3 billion ($1.6 billion) in six fund generations and has established itself as a leading technology investment group in Europe and the U.S. TVM Capital funds have made investments in more than 235 information technology and life science companies where innovation, effective management and sound financial backing have enormous impact on company growth. The firm’s in-depth knowledge of the European and U.S. environment helps companies create businesses that enjoy access to science, management talent, distribution channels and capital on both sides of the Atlantic. More than 50 companies from its portfolio have gone public on European and U.S. stock exchanges. Today, TVM Capital is actively invested in more than 70 companies. For more information please visit:

About Azea Networks
Azea Networks is a specialist in submarine optical network solutions. They work with global telecommunications operators to exploit the full potential of their existing cable assets and to deliver substantial capacity gains at the lowest incremental cost. For more information please visit:

About ExtendMedia, Inc.
Headquartered in Boston, MA, ExtendMedia provides a digital content service delivery platform that enables content rights holders and distributors to quickly create, manage, secure, a

Publisher Contact Information:

TVM Capital (Formerly Techno Venture Management )
+49 (0)89 998 992-0

Company profile of TVM Capital (Formerly Techno Venture Management )
Past press releases of TVM Capital (Formerly Techno Venture Management ).


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Nov 25€24.0MInternet commerce
Nov 8N/AOther Computers & Electronics
Nov 5€2.1MAudio/Video
Nov 5€5.2MOther Computers & Electronics
Nov 5€0.4MInternet services
Nov 5€1.3MSecurity
Nov 5€1.5MAudio/Video

For information on Europe's most extensive database on technology funding click here!


Press Releases

Sep 30
tetavi raises $6 million to help more companies bring 3d holograms ...

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.