Delivery Agent, a T-Venture-backed provider of entertainment shopping channels, has acquired interactive media agency The Band.
Month: May 2010
Corporates switch in Solaria funding
Solaria, a California-based developer of solar energy panels, has raised $45m in its fourth funding round but has seen a potential change in its corporate venturer backers.
PG&E renames nascent venturing unit
US energy utility PG&E Corporation has renamed its corporate venturing unit after making its first investment since restarting the division in December. On May 7, PG&E changed the name of Pacific Venture Capital to Pacific Energy Capital I after originally starting the operation in June 2000 under Bryant Tong to make up to $500m in… Continue reading PG&E renames nascent venturing unit
PG&E renames nascent venturing unit
US energy utility PG&E Corporation has renamed its corporate venturing unit after making its first investment since restarting the division in December.
Hearst tucks into BuzzFeed’s B round
US publisher Hearst Interactive Media’s strategic investments group has backed an $8m second round of funding for BuzzFeed, an online advertising management services company.
St Jude clubs together $10m for iRhythm
St Jude Medical, a US-based healthcare technology provider, has led a $10m investment round in iRhythm Technologies and will market its heart monitor to customers.
Linde, Intel and STMicroelectronics reap carve-out rewards
The decision by German conglomerate Linde and chip maker Intel to give up majority control of some of their assets has been rewarded.
GE feeds Healthymagination with first deal
US-listed conglomerate General Electric Company has made its first investment out of its new corporate venturing fund with $5m backing of California-based CardioDx.
Kaplan funds teaching aid company’s fourth round
Kaplan, a provider of educational services owned by the Washington Post Company, has invested $3.5m as part of a fourth funding round for child education company Headsprout.
CIA’s fund reaps return from SignaCert
The US Central Intelligence Agency’s strategic investment arm has realized its investment in SignaCert a year after backing the cyber-defence company’s second round of funding.
Safeguard aims for NuPathe to exit
US-listed medical technology company Safeguard Scientifics is preparing for its second flotation of a portfolio company, NuPathe for $86.25m.
Facebook’s funders meet up to invest in Brazil
South Africa-based media conglomerate Naspers has linked up through a circuitous route with a funder of social networking website Facebook in order to back a Brazilian fashion website.
SAP agrees first Latin American deal
SAP Ventures, the corporate venturing arm of the German enterprise software company, has agreed its first investment in Latin America.
Pronota finally closes second funding round
Belgium-based life sciences company Pronota has finally closed its second round of funding after nearly a year with a final total of €7.9m ($9.8m). Johnson and Johnson Development Corporation, the in-house venture capital arm of the US-based consumer and medical goods company, and MP Healthcare Venture Management, a jointly-owned subsidiary of Mitsubishi Tanabe Pharma Corp and… Continue reading Pronota finally closes second funding round