Bertelsmann Digital Media Investments and France’s La Poste Group will increase joint control of Blue Lion Mobile.
Month: October 2010
IBM launches cloud for telecoms
The IBM Cloud Service Provider Platform is a set of hardware, software and services to help phone operators deliver virtual computing services.
NYPC plans second China fund
Agricultural Bank of China to sell Merchant bank New York Pacific Capital’s RMB300m ($45m) venture capital fund.
IDG gains from RDA flotation
Warburg Pincus and IDG both bought 15 million shares for $5m each in RDA Microelectronics’ series C round in January 2007 ahead of its planned Nasdaq flotation.
Safeguard gains from Clarient sale
GE Healthcare will pay about $580m for Safeguard Scientifics-backed Clarient at $5 per common share and $20 per preferred share.
Betfair makes good call on flotation
Betfair, a UK-based online betting website, has completed its London Stock Exchange at £13 per share to value the company at £1.4bn ($2.2bn). Shares in the company closed up 19% at the end of Friday, valuing it at £1.66bn. Japan-based conglomerate Softbank bought 23% of Betfair for £355m in February 2006 from venture capital firm… Continue reading Betfair makes good call on flotation
Kleiner Perkins launches $250m sFund
KPCB launches $250m fund for social media applications and services, in collaboration with e-commerce giant Amazon, platform company Facebook and online games group Zynga.
Intel goes inside Aurora Feint
Intel Capital joins Japan-based gaming group DeNA, which owned 20% of Aurora Feint, as an investor of Aurora Feint.
Dicerna takes funding to $50m
SR One backs B round extension for Dicerna Pharmaceuticals.
Cerenis closes C round at $70m
French investors back C round extension for Cerenis Therapeutics.
La Caixa backs Groupalia expansion
Groupalia, a Spain-based online collective buying website, has raised €5m ($7m) from a consortium including local bank La Caixa. Caixa Capital Risc, La Caixa’s venture capital division, joined venture capital firm Nauta Capital and angel investors Lucas Carné and José Manuel Villanueva, the founding partners of Groupalia peer Privalia. The company raised €2.5m in May… Continue reading La Caixa backs Groupalia expansion
Houghton Mifflin starts $100m fund
The $100m HMH Innovation Fund will focus on education technology ahead of a competition launch next year and $300m investment in innovation centres.
GE’s Tendril hangs on to latest round
GroundedPower scooped up by peer Tendril, which raises $23m to fund acquisition.
Google finds Signpost a good deal
Google Ventures backs Signpost, a community-powered shopping deals website formerly known as Postabon.