Germany-based phone operator Deutsche Telekom’s corporate venturing unit leads $6m C round for MyThings.
Month: November 2010
Vodafone locates Qype deal
Vodafone Ventures, the corporate venturing unit of UK-listed mobile phone operator Vodafone, has invested €3.5m ($4.7m) in Qype, a Germany-based website for people to review places in Europe. Vodafone was a new member of Qype’s syndicate, with a further €3m invested by its previous venture capital backers, Advent Venture Partners, Partech International and Wellington Partners.… Continue reading Vodafone locates Qype deal
Medtronic raises pressure with Ardian purchase
On top of $800m initially, Medtronic will pay performance fees to acquire portfolio company Ardian.
Cybernaut plucks Chery deal
Cybernaut (China) Investment will work with Chery Automobile to bring three types of electric cars to the US, according to local news provider People’s Daily.
Swisscom makes first venturing exit
Swisscom Ventures reaps reward from selling portfolio company Firecomms to ZJF Group.
BoSci philosophises over Sadra Medical purchase
Boston Scientific said as it had owned 14% of Sadra Medical since 2006 it would pay $193m in cash initially and up to the same amount again in performance fees for the rest of the company.
PMC completes Wintegra purchase
Wintegra had been preparing its $115m flotation since May but its venture investors accepted a sale to PMC-Sierra, which paid an initial $240m.
Gaikai hires Nanea Reeves
Nanea Reeves joins US-based games developer Gaikai from peer Electronic Arts.
ABB blows into Pentalum A round
Pentalum Technologies raised $9m in its first round from venture capital firms Cedar Fund, Evergreen Venture Partners and Draper Fisher Jurvetson in July. The round was then kept open to allow ABB in.
Avnera takes funding to $62m
Second round in a year for Avnera, a US-based maker of semiconductors.
Global Brain brushes way into Stipple
The Stipple deal is the second seed or series A round Global Brain has joined this month.
LinkedIn founder warns on venturing promises
Business networking site LinkedIn co-founder Reid Hoffman says corporate venturing can be critical for entrepreneurs as long as they avoid over-promising.
Hon Hai outfoxes rivals for VC ties
NEA, Onset Ventures and DCM sign partnership agreement at Hon Hai’s 2010 Foxconn Technology Forum.
Picochip gears up with SVB’s $9m
Silicon Valley Bank provides $9m in venture debt to Picochip, a UK-based supplier of computer chips.