Venture capital firms MK Capital, JVP, Xenia Venture Capital were also part of the B round for Playcast Media Systems alongside C.Mer.
Month: January 2011
Intel leads again for Sulfurcell
Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, has led the €18.8m ($26m) investment in Sulfurcell, a Germany-based developer of solar panel modules. The other members of the investment consortium are European power utilities Vattenfall Europe (formerly known as Bewag) and GdF Suez, Abu Dhabi state-backed Masdar Clean Tech Investments and venture… Continue reading Intel leads again for Sulfurcell
Cirtas hires boss and raises $22.5m
Cirtas’s $10m A round closed in September after two years in stealth mode and it has now raised $22.5m from Amazon and VC firms.
Tencent starts $760m fund
The launch of Tencent’s RMB5bn ($760m) Industrial Win-Win corporate venturing fund is the second biggest of the past year.
Amgen breaks down Biovex resistance
Amgen will pay $425m in cash and up to $575m in performance fees for Biovex, which is testing vaccines for cancer and genital herpes.
Remgro powers into Ad Dynamo
Remgro’s Invenfin corporate venturing unit will help Ad Dynamo with its international expansion having previously provided the seed round, according to news provider Memeburn.
Linn Grove gains Deedrick
Former Mayo Medical Ventures and Accuitive Medical Ventures founder joins venture capital firm Linn Grove Ventures.
Finance for Growth 21st & 22nd March 2011, Oxford, UK
The Saïd Business SchoolUniversity of OxfordPark End StreetOxford, OX1 1HPUK www.financeforgrowth.eu/
BBAA Networking Dinner and Winter Workshop, London, 25-26 January, 2011
The New Dynamics of Early Stage Investing – What better way to start the year ahead than to attend the BBAA Winter Networking Dinner and Workshop, taking place on Tuesday 25 and Wednesday 26 January.
Engage | Invest | Exploit, May 18-19 2011
Engage | Invest | Exploit (EIE) is the annual showcase of high-quality deal flow spinning out of Scotland’s world leading informatics and computer science departments, and start-up companies in our wider entrepreneurial ecosystem. Held in Edinburgh, Scotland
VantagePoint sees China index
VantagePoint is joining with China Beijing Environmental Exchange and China Securities Companies Index, a joint venture between the Shanghai and Shenzen Stock Exchanges, according to news provider Portfolio.
AcelRx updates flotation plans
AcelRx will issue 6.6 million shares at up to $14 each to raise $92.9m, including 865,500 shares the investment bank Piper Jaffray can sell if demand is strong enough. After the initial public offering (IPO), AcelRx will have a market capitalisation of up to $230m based on 16.1 million shares in issuance.
VC’s US dealmaking increases as sentiment turns
Venture capitalists invested $21.8bn in 3,277 US deals last year, according to accountants PricewaterhouseCoopers’ MoneyTree data and local trade body the National Venture Capital Association.
Indiamart eyes further funding
Indiamart, which was founded in 1998, previously raised $10m from Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, in 2008 by selling a 14% stake and $3.4m in return for about 5% stake from Brand Equity Treaty the year before.