Imerge funding raises GBP 2.5 million

Edited by the Electronicstalk editorial team Sep 6, 2001

Imerge has completed a funding round of convertible debt totalling GBP 2.5 million.

Imerge has completed a funding round of convertible debt totalling GBP 2.5 million from The Generics Group AG and funds managed by the group, Residex Venture Capital Network, Aberdeen Asset Managers, Yorkshire Fund Managers on behalf of British Smaller Companies VCTs and JVB Private Equity LLC.

This funding round demonstrates the confidence and continuing support of the current investor group.

The funding will support the launch of additional products and services based on Imerge's XiVA media appliance software, including XiVA-Net, as well as strengthening continuing progress with XiVA licensees.

XiVA-Net is the exciting new Internet based service from Imerge, dedicated to delivering music related information and services to XiVA media appliances.