Ambient Sound Investments, the investment firm of Skype’s founding engineers Ahti Heinla, Priit Kasesalu, Jaan Tallinn ja Toivo Annus, made their second VC investment. This time it was Oskando, a 12-person GSM-based telematic solutions firm. For only 200 kEUR they purchased a 42% share, after which they hold 57% of the company.
After the successful exit Toivo Annus left Skype already in November, to concentrate on investing the cash the made from his and the three other founders shares in Skype.
The first investment (1.6 million EUR) for ASI was Clifton, an Estonian gallium arsenide semiconductor crystal research and manufacturing company.