POET Software Corporation announced the completion of a $9.9 million financing round. POET Holdings, Inc., the parent company for the POET group, received $6 million in equity investments in exchange for “Preferred Series D” shares in December 1998 from both new and existing investors. New investors include Private Equity Bridge Invest Ltd.(PEBI), a wholly owned subsidiary of Private Equity Holding AG of Zug, Switzerland, and the German Technologie-Beteiligungs-Gesellschaft bmH (“tbg”). Previous investors who also participated in the “Preferred Series D” financing are European Technologieholding, Sigma Partners, El Dorado Ventures, INNOVACOM I, Atlas Venture Europe Fund BV, and Lawrence Owen Brown. In addition, tbg invested $3.9 million through a convertible long-term note. www.poet.com

Share