Nexit Ventures, a venture capital firm focused on next-generation information and communication technologies, has appointed Patrice Peyret and Michael Mandahl as venture partners. Peyret is co-founder and former CEO of US-based Mobile365 Inc, the US leader in text and multimedia mobile messaging services, and he will continue as vice- president of corporate strategy for the company. Prior to this Peyret served as head of engineering at Sun Microsystems for Java technologies applied to portable products, such as mobile phones. As head of R&D and business development at Gemplus, the world’s largest smart card vendor, Peyret initiated the European Union-funded ESPRIT project that led to the design of the world’s first RISC-based chip for smart cards.Michael Mandahl is an ICT entrepreneur and venture capital investor who has overseen the founding, internationalisation and successful investor exits of numerous ICT companies during the last two decades. For the last three years, he has worked as venture partner for Sweden-based BrainHeart Capital. Here he led Ericsson’s M&A activities, which included the integration of Ericsson’s product unit with Mobeon. He was also responsible for BrainHeart Capital’s investments in the US.