The Skype co-founders’ investment vehicle – Ambient Sound Investments (ASI) – and co-investing Estonian funds – Caplia Invest and the Estonian Development Fund – have executed a full exit from Modesat Communications. The three investment entities effected a 100 per cent sale of stake, some of which will be taken over by Xilinx, known for [...]

Ambient Sound Investments (ASI), an Estonian private equity firm by Skype engineers, has sold its stake in LogneX. ASI first invested in the Software-As-A-Service firm LogenX in 2008. The original investment was for USD 0.2 million wich accounted for a 30% ownership of the company. ASI sold their ownership to 1C Company, a Russian software [...]

Communications technology company Modesat Communications has announced a successful Series A funding round which netted the company some €1.85 million. The three investors for the round were Modesat’s parent company, Ambient Sound Investments, as well as theEstonian Development Fund and Bellus. Modesat’s market entry activity also contributed additional funding. The financing is aimed at facilitating sales negotiations with [...]

Internet security application developer Armorize Technologies is set to receive a new round of Series-B financing. Though the amount of the financing has not been released, the list of investors includes Ambient Sound Investments (ASI), Birch Venture Capital, and previous Armorize Series-A investors. The company plans to utilize the funding to continue its business development [...]

The developers of the Mendeley social software recently announced the close of its first round of funding acquisition. Leading the effort were investments from former Last.fm executive Stefan Glänzer, Alejandro (Alex) Zubillaga, formerly with the Warner Music Group, and private equity firm Ambient Sound Investments which was established by four of the co-founders of Skype. [...]

A round of investments to provide live on-demand English and Mandarin language training supplier, Idapted, with financing has closed. The Series A financing was led by Gobi Partners and Ambient Sound Investments (ASI). The funds are designed to give Idapted capital to further expand its customer base and leverage its online tools www.studichinese.com and www.eqenglish.com, [...]

MyHeritage has acquired Kindo through a deal in which Ambient Sound Investments (ASI) will exit the company in exchange for an undisclosed equity stake in the company. This exit deal, the first for ASI, was made after the company invested heavily in Kindo in February 2008. The transaction will allow Kindo users to access the [...]

Ambient Sound Investments invested in Wahanda, an UK-based online wellness marketplace. Wahanda (www.wahanda.com) Wahanda is an ambitious UK-based start-up company developing a global E-commerce, content and community marketplace for the beauty, health and wellness industries. Founded by veterans of lastminute.com and Yahoo!, Wahanda is looking to revolutionize the way customers search and book health and [...]

Ambient Sound Investments announced that it invested in Drimki, a Paris-based company with a new online real estate platform targeted at residential real estate consumers and sellers. Drimki (www.drimki.com) Founded in 2007, Drimki manages a comprehensive platform for surveying residential property, and enables the purchaser to find opportunities on the Parisian real estate market. Based [...]

The investment groups Seed Fund Vera and Ambient Sound Investments made an equity investment in Senseg, a Finnish company developing a breakthrough touch interface technology. Senseg (www.senseg.com) Senseg develops a breakthrough touch interface technology for consumer electronic devices. The technology allows major improvements in the usability of electronic equipment from mobile handsets to game controllers. [...]

SourceKibitzer, a start-up has invented a unique metrics and performance indicator for software teams, received an investments of € 200,000 from Ambient Sound Investments and Serenda Estonia. SourceKibitzer (www.sourcekibitzer.com) Founded in 2006, SourceKibitzer has developed an advanced analytics solution, named EyeQ that provides transparency to anyone who is dealing with software development and allows automated [...]

Ambient Sound Investments financed in a financing round Uniteddogs.com and Unitedcats.com with an additional USD 235,000. As a result of the agreement between Ambient Sound Investments and United Dogs & Cats, the investment group acquired 18% of the Internet start-up. United Dogs & Cats (www.uniteddogs.com) United Dogs and Cats ltd. is an Estonian Internet start-up, [...]

The investment group Ambient Sound Investments has announced a € 400,000 investment in online publisher Versita, which results in a 20% shareholding. Versita (www.versita.com) Established in 2001 by Jacek Ciesielski, Versita publishes scientific electronic journals focused on Central and Eastern European research and distributed globally in partnership with publisher Springer. Versita also provides scientific content [...]

Ambient Sound Investments acquired 30% in Russian company LogneX for USD 200,000. The company will introduce an online inventory management service MoySklad to small and medium businesses in Russia and other Russian speaking countries. LogneX (www.moyskald.ru) LogneX is a software development company offering online inventory management service MoySklad to small and medium businesses in Russia [...]

Ambient Sound acquired a stake in Estonian EGeen, a clinical research company that conducts clinical trials of drugs for American and European clients. ASI invested EEK 2.6 million (USD 250,000). EGeen (www.egeeninc.com) EGeen is an international company with 50 employees that conducts the clinical testing of pharmaceuticals, its main clients being biotechnological and pharmaceutical companies. [...]

Oskando, a leading Baltic telematics company, acquired a significant share of the software development company Median SD Ltd. Oskando is continuing its expansion in the vehicle and equipment management and tracking solutions segment. Median SD (www.median.ee) Median SD Ltd. is a software development company based in Tartu founded by Tarkvarastuudio and Oskando. It is developing [...]

The owners of the websites Uniteddogs.com and Unitedcats.com, United Dogs & Cats, received funding from Ambient Sound Investments. The sum of the investment remains undisclosed. United Dogs & Cats Ltd. (www.uniteddogs.com) United Dogs and Cats Ltd. is an Estonian Internet start-up. UDC is creating a network of localized websites for all lovers of dogs and [...]

Ambient Sound Investments invests in a second investment round into Estonian-based digital stamp service developer GuardTime. GuardTime (www.guardtime.com) GuardTime was established by information security experts Märt Saarepera, Ahto Buldaas and investment group Ambient Sound Investments. GuardTime develops technology for verifying the integrity of digitally archived documents. Ambient Sound Investments (www.asi.ee) Ambient Sound Investments is an [...]

Oskando, a leading Baltic telematics company, acquired 20% in GPS solutions provider Eurosat Group. Ambient Sound Investments became majority shareholder of Oskando. Eurosat Group (www.eurosat.ee) EuroSat group, established in 2003 specializes in the development and sale of GPS based positioning equipment, related systems and software. The main products of Eurosat Group are an internet based [...]

Investment group Ambient Sound Investments acquired 26% of Celecure by investing € 1.6 million into the company. Celecure Ltd. (www.celecure.com) Celecure is an Estonian capital based company focusing on preclinical development of drugs against cancer and other diseases based on its novel angiogenesis inhibition technology and Entrybody(TM) platform. Entrybody(TM) consists of antibodies that are cell-permeable [...]