MadOnion closes its round of funding
Espoo, Finland - March 13, 2001 - MadOnion, a leading provider of PC
benchmark software and performance information services, has successfully
completed its round of financing totaling EUR 2 million. The funding is
provided by the current investors Conventum Oyj and Nexit Ventures.
The new capital will enable MadOnion to continue research and development
of PC performance information and web services such as 3DMark benchmarking
software and Recommendation Engine purchasing tool.
"Since 1997, we've been continually striving to improve our benchmarks to
help gamers around the world maximize their gaming experiences and PC
performance. This round of funding secures our position to continue intense
R&D and at the same time accelerate licensing sales of Recommendation Engine
technology in the international markets", said Aki Järvilehto, CEO of MadOnion.
About MadOnion
MadOnion is a leading provider of PC benchmark software and performance
information services. Powered by an Internet-based engine, MadOnion is
known around the world for its benchmark products including, the 3DMark
Series and Video2000, as well as the BAPCo/MadOnion products WebMark2001
and the SYSmark Series. MadOnion has offices in Helsinki and San Jose. For
more information, please visit www.madonion.com.
About Conventum
A leading Finnish investment bank Conventum offers investment banking services
to large and medium-sized Finnish companies, institutional investors and private
persons. The majority of the companies in Conventum's venture capital portfolio
are in the fast growth stage and their research and product development costs
are high. Conventum Group's income from investment services in 2000 was EUR 39.6
million and operating profit was EUR 19.9 million. For more information, please
visit www.conventum.com
About Nexit Ventures
Nexit Ventures is a venture capital firm that focuses on companies developing
the enabling technologies for next-generation applications and services.
Nexit's portfolio companies are the emerging leaders in the convergence of
computing, the Internet, and wireless communications. The fund, EUR 100 million,
is sourced from a broad pool of prominent investors and leading specialists in
the infocom industry. The majority of the investors are based in Scandinavia,
central Europe, the United States and Asia. This global fund structure benefits
the portfolio companies by offering greater access to international markets.
For more information, please visit www.nexitventures.com
