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1Vote!

Sagem brand quietly bows out at end of 08

At the end of 2008 we will see the disappearance of the brand name Sagem; Sagem has been around since the beginning of the mobile phone era, however, Safran, the owner of Sagem halted the mobile phone division back in July. Back in July Sagem was taken over by Sofinnova and will therefore no longer produce [...]

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Sagem brand says goodnight at the end of the year

Filed under: Sagem Sofinnova's purchase of Sagem means that the Sagem brand will disappear completely from handsets by the end of the year, Mobile Phone Helpdesk is reporting. Don't worry, though, you rabid Sagem fans: the manufacturer will still be alive and well, albeit in a decidedly less high-profile form as a dedicated ODM. Making phones for other brands is a biz Sagem's already well acquainted...

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Sagem valiantly returns with Porsche Design P'9522

Filed under: Handsets , Sagem Not even two full months after Sagem fell into the obviously capable hands of Sofinnova, out pops the company's return to the red carpet. Picking right up (numerically speaking, at least) where the P'9521 left off is the well-endowed P'9522, which was reportedly built with a little help from Porsche Design . The candybar features an aluminum chassis, 2.8-inch display,...

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KaloBios regroups after Lehman failure, garners $20M

KaloBios Pharmaceuticals has pulled together a $20 million round to support its work developing therapeutic antibodies. Tokyo-based Mitsubishi UFJ Capital and Genzyme came on as new investors in the first close of its fourth round. MPM Capital, Alloy Ventures, GBS Ventures, Sofinnova Ventures, Singapore Bioinnovations, 5AM Ventures and Lotus Bioscience Ventures all re-upped for the latest round. That's...

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Dr. Lars Ekman Joins Sofinnova Ventures

Ekman Brings Extensive Clinical and R&D Experience to the Life Science Team SAN DIEGO, Sept. 18 /PRNewswire/ -- Sofinnova Ventures, a venture capital firm investing in early-stage Life Science and Information Technology companies, today announced the appointment of Lars Ekman, M.D., Ph.D., and formerly the Executive Vice President, and President of Global Research and Development at Elan Corporation....

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mydeco Secures Significant Investment To Fund International Launch

mydeco, the online intermediary for the home design market, today announced that it has secured GBP7.35M in its second round of funding. Sofinnova Partners, one of Europe's leading venture capital firms, led the round in which other participants included SRPE, Amadeu...

1Vote!

Safran sells Sagem Mobiles to a VC firm; The handset maker becomes Sagem Wireless

France’s industrial conglomerate Safran recently announced that it is selling its loss-making mobile handset business, Sagem Mobiles, to French venture capital firm Sofinnova. The disposal would cost Safran 220 million EUR, but it would retain a 10% stake in the new company, which will be known as Sagem Wireless. Apparently, Safran — which was formed in [...]

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Sofinnova snaps up Sagem from Safran, Sam sizzles steaks

Filed under: Sagem Remember back in those freewheelin' days of 2006 when men were men, phones were phones, and Motorola was rumored to have been seriously considering taking Sagem off Safran Group's hands? Yeah, well those days are long gone; Moto's a mere husk of what it once was at the peak of the RAZR craze, and as for Sagem, they're getting ready to fly the "under new ownership" banner in front...

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French VC Firm Sofinnova Buys Struggling Handset Manufactuer Sagem For $340 Million

French venture capital firm Sofinnova has purchased handset manufacturer Sagem for $340 million, reports Mobile News . Safran, the parent company of Sagem that saw profits tumble 27 percent during the first half of the year, will retain a 10 percent stake in the business following the $340 million in handover charges and write-downs. Sofinnova plans to rename the company Sagem Wireless, under which...

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UPDATE 2-Safran H1 falls, to sell mobiles unit, shrs fall

PARIS, July 31 (Reuters) - French conglomerate Safran said it would sell its loss-making mobile phones business to venture capital firm Sofinnova as it announced a fall in first-half profit and an outlook which sent the stock sharply lower.

1Vote!

Safran to sell mobile-phone unit Sagem to V.C. firm

LONDON (MarketWatch) -- The French government-led marriage that brought engine maker Snecma together with mobile-phone maker Sagem ended on Thursday, as Safran , the firm formed by that combination, said it was selling Sagem to Sofinnova, a French venture capital firm. The disposal of Sagem will result in a loss of 220 million euros for Safran. The new Sagem Wireless, in which Safran will retain a...

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VCs Go for GCs

As venture funds continue to grow in size and geography, in-house lawyers are becoming more popular. The VC GC is a brand-new role, and it's being defined by the lawyers who take the job. Lawyers like Sofinnova Ventures' first in-house attorney, Hooman Shahlavi, handle the garden variety of legal work that comes with any in-house gig, but there's much more of an emphasis on deals and making sure the...

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Nicola Campbell, a 37-year old remarkable VC, passes away

Nicola Campbell, a 37-year-old venture capitalist with Sofinnova Ventures, who impressed deeply me with her ambition and intellect over the years I knew her, has passed away at the tragic young age of 37. There are not many women who work in venture capital, but Nicola not only nudged her way into that male-dominated world relatively [...]

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Mobile game software company Mobile Digital Media gets $2M recapitalization

Mobile Digital Media, a company that builds software that runs games and other applications on mobile devices, has raised $2 million from Cross Atlantic Partners and Sofinnova Partners, according to VentureWire. The company’s web site features some of its marquee products — rather old-school games like Solitaire, that you pay a fee to buy the box [...]

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Bifurcated Stent Company Stentys Completes $18 Million Series B Venture Financing

Paris, FR--(BUSINESS WIRE)--Medical device pioneer Stentys announced today that it has completed an $18 million 'Series B' round of venture financing. The lead investor was UK venture firm Scottish Equity Partners. Series A investor Sofinnova...