Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


Steek S.A. raises $8 million in second round of financing

Steek S.A. (ex Agematis S.A.) the worldwide leading provider of online storage platforms to Telco operators, Raises $8 Million in Second Round of Financing. Round led by AGF Private Equity along with historical investor Innovacom.

BORDEAUX - BRUGES, France - July 1st, 2008 - To finance its further development, Steek S.A. the specialist in online storage softwares has just raised $8 Million in a second round of financing with AGF Private Equity and Innovacom, its original investor.

This second round of financing follows a $4Million 'A round' realized mid-2006 which enabled the Company to develop its technology and expand in Europe. In total, Steek has 1.5 million users of its online backup and storage services with more than 15 ISP and OEM partnerships.

'User Generated Content (UGC) is growing exponentially and this content needs to be saved and shared. We empower ISP to offer UGC-based services to their customers.'

But increasingly users do not want to be tied to a their PCs or a fixed broadband connection.

'Steek will use the new investment along with its experience and expertise to deliver innovative new UGC-based services in a converged mobile/fixed environment. We also want to reinforce our presence in North America' explains Christophe Camborde, Steek CEO.

The Steek roadmap is full. The renewed confidence of our existing investor and the support from our new shareholder will support our ambitious plans for growth. We may also consider appropriate acquisitions.'

For Guillaume Lautour, Partner of AGF Private Equity: 'The management team of Steek showed us the relevance of its business model, its strong experience, its ability to execute and its ongoing commitment to innovation. We are happy to provide additional means to quickly capitalize on the exponential development of the online storage market'.

Jacques Meheut, Innovacom VC General Manager and Partner commented : 'We renew our confidence in the management of Steek whose vision of the online storage market has now been confirmed. We have the firm conviction that the strong position that Steek now holds will continue to develop over the time thanks to their drive towards multi-device convergence.'

About AGF Private Equity
With 2,5 billion under management, AGF Private Equity, a member of the Allianz Group, specializes in non-listed investments and stands among the leading fund of fund and venture capital players based in Paris, France. With 400 million invested up to now in more than 60 high-tech companies, AGF Private Equity is also one of the main investors in Internet startups in Europe, i.e. Meetic, Viadeo, Dailymotion, Telemarket, Curse, Questico, Yoono, eRepublik, Criteo and others.
For more details, visit

About Innovacom
For over eighteen years, Innovacom has helped launch innovative telecommunication and information technology startups such as Business Objects, Gemplus, Infovista, Intershop, Kelkoo, Soitec, Tumbleweed, Inventel and Astellia.. With over 400 million euros under management, Innovacom is an active early stage investor in Europe and North America, working with some of the brightest minds in the business, focused on the components, hardware, software and content that improve the ability of carriers to deliver services and enable corporations to work more efficiently. Innovacom is the venture subsidiary of France Telecom and has offices in has offices in Paris, Stockholm, and San Francisco.
For more details visit

Provider of the 'Steek' software solutions and leader in the online data storage supply for the residential market via Internet Service Providers, portals, security software editors and storage hardware manufacturers. Steek solutions allow Telco operators to increase their revenues, improve their customer loyalty (retention rate), to offer alternative solutions to web competitors and to monetize their

Contact presse : agence MyNtic-PR - TEL +33 (0) 674 683 793

Press Contact Details

Publisher Contact Information:

+33 (0) 674 683 793

Company profile of Steek (formerly Agematis) - acquired by F-Secure
Past press releases of Steek (formerly Agematis) - acquired by F-Secure.


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Nov 25€24.0MInternet commerce
May 30€15.0MBiopharmaceuticals
May 28€15.0MDiagnostics
May 28€1.3MInternet services
May 25€1.0MOther Software
May 22N/AInternet services
May 20€4.3MArtificial Intelligence

For information on Europe's most extensive database on technology funding click here!


Press Releases

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

Oct 1
The Link App
the link app launches version 2.0

About usContact usLegal Information
Copyright 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.