Amazon has traditionally avoided corporate venturing but after becoming a limited partner in venture capital (VC) firm Kleiner Perkins Caufield & Byers’s $250m sFund for social media deals it has taken a stake in discount coupon company LivingSocial.
Month: December 2010
Adimab grows into E round
Series E round for healthcare company Adimab at a pre-money valuation of $520m, according to news provider Xconomy.
Persay exits at discount
Israel-based, venture-backed companies Modu and Persay reportedly struggle with exits.
HSBC takes a fifth of VC firm
HSBC retains 19.9% of its former venture and buyout manager in Asia, Headland Capital Partners.
ISoftStone details flotation plans
ISoftStone plans to raise $162m at a maximum $1.30 per share in New York.
SemiSouth powers up with $30m round
SemiSouth has now raised more than $50m of equity and over $30m of federal grants and contracts after Power Integrations’, a US-based provider of high-voltage integrated circuits, investment.
Microsoft helps Russian IT ecosystem
Russia continues development of its Silicon Valley with Microsoft building a development centre in Skolkovo.
SES invests $155m in O3b Networks
With its final round of funding, SES will become the largest minority shareholder of O3b Networks by adding 10 percentage points to its existing 34% stake through investing another $75m in the new round.
Blackbird flies with fundraising
Blackbird Technologies has 26 investors for its planned-$40m Razor’s Edge Fund.
Acton takes up second-hand goods deal
Acton Capital Partners invests an undisclosed amount in Momox, a Germany-based online buy-back service for media products.
Astia picks its winners
Alloy Ventures, NEA and DFJ win awards from Astia, a US-based adviser to women-led growth companies.
Swisscom agrees LiberoVision exit
Swisscom Ventures bought 8% of Switzerland-based LiberoVision in April 2007 and has agreed to sell to trade peer Vizrt.
January 21 2011: Webcast on Today’s VC Fundraising Market
Hosted by the US National Venture Capital Association and sponsored by law firm DLA Piper. For more information, visit www.nvca.org
April 6-7: US National Venture Capital Association’s Annual Meeting
The 2011 NVCA Annual Meeting coincides with the 65th Anniversary of Venture Capital and the 150th Anniversary of The Massachusetts Institute of Technology (MIT) and will be held in Boston. http://annualmeeting.nvca.org