Sun, May 24, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Private Equity Strategies

New Ventures: SEB Venture Capital invests in 3D graphics business

Tuesday, July 23, 2013

By: Bailey McCann, Private Equity Strategies

The venture capital arm of SEB, the Northern European financial Group is getting into 3D with a new transaction. SEB Venture Capital has invested in Donya Labs AB, a global leader in optimization of 3D graphics for computer games. The new capital will enable accelerated growth and diversification towards computer-aided design (CAD), architecture and film.

SEB Venture Capital has been investing in venture capital transactions for the past 18 years. With a capital base of SEK 2.5bn, it currently has 28 portfolio companies within technology and life science and has completed 70 exits since inception.

“We already have an investment in this segment, that produces 2D and 3D graphics. So, we are quite familiar with the market, and we think that the market will grow including 3D printing especially in areas like CAD,” says Ulf Lewander, Investment Manager, SEB Venture Capital, in an interview with Private Equity Strategies.

Donya Labs AB has developed unique software called Simplygon, to automatically optimize advanced 3D graphics. Traditionally, optimization of 3D graphics has been expensive and time consuming as a manual process. By automatically optimizing 3D graphics for applications such as real-time visualization, interactivity and 3D printing, workflows can be streamlined and integrated.

“We believe the new business model which operates a cloud version of the technology will open a huge market opportunity,” Lewander says. “Right now the company only sells licensing to high end gaming companies. Those companies pay thousands of dollars per license, per game. We have been able to prove that one 3D model at a time done on the cloud is also justifiable.”

SEB Venture Capital has subscribed to a new share issue of SEK 10m focused on growing this cloud offer and adding new geographies to the company’s footprint. SEB and Donya Labs will be looking for additional subscribers in for a serial round B in the future.

Lewander notes that SEB Venture Capital is focused on finding companies like this that can move from one niche to a broader market. “We are looking for companies that have already proven themselves in tough spaces, going forward we think that will be mostly in software, not hardware.”

 
This article was published in Opalesque's Private Equity Strategies our monthly research update on the global private equity landscape including all sectors and market caps.
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies


Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

banner