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Ariadne Capital Invests in NanoMuscle

In March 2003, Ariadne Capital Ltd announced an investment into NanoMuscle, Inc., a privately-held company that manufactures miniature motors to displace existing electromagnetic motors.

Ariadne Capital joined an open Series C investment round, led by AutoVision GmbH, the corporate venturing unit of Volkswagen AG, Europe’s largest carmaker.

NanoMuscle was founded by Scottish serial entrepreneur, Rod MacGregor, whose previous three startups include Insignia Solutions, Inc. (listed on the NASDAQ stock exchange) and IBS, which was sold to Novell, Inc.

Henry Nash, an Executive-In-Residence (EIR) with Ariadne Capital, joins NanoMuscle as its Chief Technology Officer, relocating to California from London. Nash co-founded the three companies previously with MacGregor, including Insignia and IBS.

For more information on the investment, see:

Fortune Magazine:
http://www.ariadnecapital.com/press/press_ariadne_fortune_little_muscle.htm

Financial Times:
http://www.ariadnecapital.com/press/press_ariadne_ft_nano_vw.htm

For further information on NanoMuscle, contact: editor@ariadnecapital.com or see: http://www.nanomuscle.com