Technologieholding Leads Venture Funding for NxN

Munich-based NxN Digital Entertainment, a specialist in high-end software products and services for the entertainment technology market, raised DM4.5 million (ecu 2.3 million) of venture backing from a consortium led by Technologieholding.

The company, founded in June 1997, is based around a game development tools suite which includes the NxN Media Editing Environment and the NxN Game Framework. The NxN Media Editing Environment, intended for in-house use by clients, supports the creation and management of multimedia content. The NxN Game Framework facilitates development of playback modules that are shipped to the consumer to bring to life the content stored on a CD or DVD.

NxN concentrates on technology and processes to help its clients produce higher quality digital entertainment products but, to avoid direct competition with its customer base, does not itself create content or develop consumer titles. This focus makes the software company unique in its market sector. So far, NxN is active in the UK and the US as well as in Germany. Its ultimate goal is to become a leading worldwide player in the digital entertainment processes, technology and services sector.

As well as Technologieholding, which has taken a 5.7% stake in NxN, investors in this round included the Deutschen Ausgleichsbank subsidiary TBG, BayernKapital and business angel Dr Christian Schneider.