CoFluent Design Closes $2.6 Million in Its First Round of Funding

PARIS—(BUSINESS WIRE)—February 19, 2007— CoFluent Design, an Electronic System Level (ESL) company focused on delivering state-of-the-art software solutions for architecture exploration and performance analysis, today announced that it has raised $2.6 million USD in Series A funding to expand its marketing and sales worldwide, as well as boost its research and development. Led by Emertec Gestion, a French Venture Capitalist specializing in microelectronics, the investors in this A round also included BNP Paribas Private Equity (BNPP PE), the Private Equity arm of BNP Paribas; and UFG Private Equity, Private Equity asset management company of the French consortium Groupe UFG.

Initially funded in 2003 by Stephane Leclercq, entrepreneur and electronics professional; Vincent Perrier, embedded systems expert; and Jean-Paul Calvez, Professor at the University of Nantes, France, and creator of the technology; CoFluent Design develops and markets CoFluent Studio(TM), an ESL modeling and simulation toolset. The company's breakthrough technology helps electronic device and chip manufacturers bridge the gap between the specification of a system and its implementation.

"We were impressed by CoFluent's ability to win world-class reference customers in their early years with a unique product offering that fills the gap in existing design flows while easily integrating into current processes and practices," said Jean-Philippe Gendre, investment director of Emertec Gestion. "Given that CoFluent's solutions are fully-aligned with today's corporate design flows, we feel confident that the company will be able to drive growth worldwide by leveraging these initial design wins."

"By providing executable specifications, CoFluent allows large corporations to facilitate highly effective communications between development teams scattered across the company and around the globe, providing system, hardware and software engineers a common vector to share their views," stated Guillaume Lebrun, investment director of BNPP PE. "We are excited about the prospects of our investment in CoFluent and the promising ESL market."

"CoFluent enables manufacturers to reduce the time-to-market of their innovative products," stated Olivier Denigot, investment director of UFG PE. "We are confident that the company will continue to replicate its successes and quickly proliferate its ESL solutions worldwide."

"This strong show of investor confidence is a major milestone in CoFluent's history," said Stephane Leclercq, CEO of CoFluent Design. "Partnering with such major players in the high-tech venture capital arena is a direct reflection of the achievements and potential of CoFluent Design and its patented technology. Our investors' experiences will be of tremendous help in our plan to become a leading provider of ESL solutions."

CoFluent Studio is the culmination of 20 years of research by Professor Calvez on an electronic system co-design methodology. Current version 2.0 of CoFluent Studio delivers support for SystemC, and represents more than 40 person-years of R&D. Despite CoFluent's short history, the software and methodology delivers the highest industry standard for stability and reliability.

Prior to the funding, CoFluent Design secured seed money from European Union funds for supporting its R&D program, and successfully signed corporate-level software licensing agreements with a world-leading mobile terminal manufacturer and world-leading semiconductor platform provider for mobile terminals.

About CoFluent Design:

CoFluent Design provides integrated solutions to bridge the gap between the specification of an electronic system and its implementation. Its CoFluent Studio(TM) ESL modeling and simulation software environment allows developers of electronic devices and chips to:

-- DECIDE: Securely predict behavior and performance from partial software and hardware for design validation at all stages

-- SHARE: Provide system executable specifications rather than static documents for common hardware / software reference

-- CAPITALIZE: Capture projects' system design expertise in enterprise model libraries for easier and faster innovation

For further details please visit: or send email to

About Emertec Gestion:

Emertec Gestion S.A. completed 28 investments since its creation in 1999. Emertec Gestion is one of the few VC companies in Europe to concentrate on innovative companies spun off from scientific research results. It manages 3 funds for a total of about EUR 60 million. Emertec 2, its EUR 22.5 million fund, is dedicated to early-stage investments in the semiconductor (hardware), EDA and embedded software fields.

About BNP Paribas PE:

BNP Paribas Private Equity was created in 1998, named after the former Banexi, the then BNP Merchant Bank, active in M&A and Private Equity. His teams are dedicated to third-party unlisted asset management under the form of direct funds and a fund of funds. BNP Paribas Private Equity accumulates over 20 years track record in private equity activities (early stage, expansion, buyout, mezzanine debt, replacement capital ...). Since 1998, BNP Paribas Private Equity has launched 20 funds (funds directly managed and funds managed by its affiliated companies) representing EUR 2.6 billion assets committed and EUR 1.6 billion invested.

About UFG PE:

UFG Private Equity (formerly Nord Europe Private Equity) is an Asset Management Company specialized in Venture Capital. With a team of 10 professionals, UFG PE completed 24 investments and manages EUR 150 million in 4 different funds: Nord Europe I (French FCPR), Diademe Innovation I and Diademe Innovation II (French FCPI), and Diademe Global Section (fund of funds) in partnership with British bank Schroders. In its direct investment activity, UFG PE brings working capital to private companies at all stages of their development, their management or share holders as: venture capital, development capital, LBO or turnaround.

Headed by Patrick Lissague UFG Private Equity is a member company of the UFG Group, a multi-specialist, multi-target asset management group. UFG Group is the result of the merger of UFG, Alteram, Multifonds and NEPE and is a subsidiary of Credit Mutuel Nord Europe. UFG Group has four core competences: funds of hedge funds, private equity, thematic funds and real estate. UFG Group is thus able to provide its target clients (institutional and private investors, professional financial advisors) with investment solutions, including traditional asset classes and "alternative" investments. UFG Group currently manages assets representing more than 17 billion euros.

All trademarks or registered trademarks mentioned in this news release are the intellectual property of their respective owners.


For CoFluent Design
Francine Bacchini, 408-839-8153 or 408-267-6602
E-mail: Email Contact



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