Investee Company – PowerDsine (UK)
Investee Company Business Type – Develops software controlled power solutions
Type of Financing – Expansion
Equity Providers – DB Capital Venture Partners, Dain Rauscher Wessels Partners, Robertson Stephens Partners, Jerusalem Venture Partners, Steps Ventures, Clal, Poalim Capital Markets, Ampal, Vertex, Gmulot, and the Challenge Fund
Equity Leader (Individual) – Michael Patton, MD DB Capital Venture Partners
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – £17.4 million, euro27.7 million
Total Deal Value – £17.4 million, euro27.7 million
Other Advisors – Robertson Stephens International advised the vendorComments – PowerDsine, the designer and developer of software-controlled power solutions that enables delivery and distribution of operating power over converged voice data communications networks, has secured more than £17 million in venture funding led by DB Capital Venture Partners.
PowerDsine, established in 1994, is now one of the market leaders of Power over LAN (Local Area Networks). This technology integrates data, voice and power on standard Ethernet infrastructure. The company has received financial backing from its existing shareholders, DB Capital Venture Partners, Dain Rauscher Wessels Partners, and Robertson Stephens Partners. DB Venture Partners led the deal investing over £10 million.
Igal Rotem, CEO of PowerDsine, said: “The financial commitment demonstrated by our new and existing investors underscores the value of our superior technology, our strong base of tier-one customers and our veteran management team.”