Along with $24m in funding, Atieva has partnered with China-based lithium-ion battery manufacturer Tianjin Lishen Battery for a fleet of electric buses, VentureWire said.
Month: January 2011
Theraclone scores R&D win
Pfizer will receive an exclusive worldwide license to any therapeutic antibodies discovered under the collaboration with Theraclone eligible for undisclosed royalties and up to $632 in research funding and milestone payments.
Samsung applies itself to Liquavista
Johan Feenstra, Liquavista’s founder and new chief executive (CEO) of Liquavista, said: “The outright acquisition of Liquavista by the largest electronics company in the world [Samsung] is the fulfillment of a strategy dating back to the original spin-out and confirmation of the disruptive potential that our technology will have in the display market.”
Lindsay Grenawalt moves to Google Ventures
Since 2006 Lindsay Grenawalt has been a technical recruiter and sourcer for Google but now deals with its venturing unit’s portfolio companies.
Total fuels Gevo’s flotation
The company will sell 7.15 million common shares at its initial public offering (IPO) at between $13 and $15 each, according to Gevo’s regulatory filing.
Facebook raises $1bn through Goldman’s clients
Goldman Sachs said it completed an oversubscribed offering to its non-US clients in a fund that invested $1bn in Facebook class A common stock.
SAP sets up $350m fund
SAP Ventures Fund I will invest in software and software-enabled service companies globally and builds on the team’s work since 1997.
ChaCha warrants Qualcomm deal
ChaCha raised $3m, including the $900,000 in outstanding warrants from Qualcomm Ventures in the extension to the round led by venture capital firms VantagePoint Venture Partners and Rho Ventures in October.
Bertelsmann takes on Flat World
BDMI joined venture capital firms Bessemer Venture Partners, Valhalla Partners, GSA Venture Partners (formerly Greenhill SAVP) and High Peaks Venture Partners and angel investors in the $15m B round consortium for Flat World Knowledge.
Amazon buys Lovefilm
News provider Wall Street Journal said Amazon valued Lovefilm at about $320m but the cost of acquisition was offset by its 42% holding.
Biotie bites into Synosia
Biotie will issue 161,448,371 shares to acquire Switzerland-based Synosia.
Google counsels LawPivot’s expansion
US-listed legal service provider LawPivot had previously raised $400,000 from its angel investors. It will now move into Google’s start-up incubator.
Bitway reads up on Intel’s investment
News provider Nikkei said Intel’s Japanese unit would help develop software and provide other technical support for the e-book store, which will open early next month after Intel Capital invested an undisclosed amount for its minority stake in Bitway.
Intel drinks from Kabam’s cooler
As well as Intel Capital as a new investor backing Kabam’s $30m C round is venture capital (VC) firm Redpoint Ventures.