Deutsche Bank eVentures, the global strategic technology investment fund of
, announced that it led a $10 million financing round for
The Israeli startup commanded a post-money company valuation of $100 million.
Previous investors chipped in, as did Tokyo, Japan-based
ComSense develops next-generation credit cards for secure wireless trade and banking services over the Internet.
ComSense President and CEO Alon Atsmon said that the investment by Deutsche Bank opens new opportunities for the company both in respect of the bank and its financial activities and in respect of other online financial ventures worldwide.
ComSense plans to use the proceeds to expand its manufacturing capacity and its marketing network in Europe, the United States and Asia.
DB eVentures invests in technology companies that contributes to the bank's financial services. The fund locates and invests in technology that provide the bank with a technological advantage and e-commerce solutions. To date, the fund has invested also in
ComSense was established in 1998 by Alon Atzmon and Executive VP, Corporate Development Moshe Cohen. The company has a development center in Tel Aviv, a technology center in San Jose, California, an engineering center in Munich, and a marketing center in New York.