Feeds

Netvest incubates five firms

Spreading the risk

  • alert
  • submit to reddit

Build a business case: developing custom apps

City-based Net venture capitalists netvest.com Plc has pumped £340,000 into five Net companies as part of its first tranche of investments in the Net-related industry. The move comes less than two months after netvest.com floated its business on the Alternative Investment Market (AIM). Online price comparison service, shopgenie.com, is among the clutch of companies to benefit from the cash injection of £150,000. Netvest.com also paid £50,000 for a stake in Powernet, an independent reseller of free phone numbers in the UK. "These investments are in line with our stated strategy of enabling individuals who want to buy into emerging technologies to spread their risk by investing in a range of companies," said Chairman Andrew Balcombe. "We have invested in an Internet price comparison system, a telecom carrier/ISP, an Internet authentication software and hardware developer and an online music, entertainment and media group. "This is a broad range of companies but all of them have a sound proposition, a unique market position in each of their areas and exciting potential for future growth," he said. So how can fledgling companies contact netvest.com to see if this investor wants a slice of their action? It's anyone's guess -- they don't even have their own Web site up and running yet. ® Why not dangle your financial toes in Cash Register -- got to be better than a kick in the teeth

Boost IT visibility and business value

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Linux Foundation says many Linux admins and engineers are certifiable
Floats exam program to help IT employers lock up talent
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.