Merck Serono Ventures joined venture capital firms Sunstone Capital, and BioMedPartners as new investors in Vaximm’s latest $8m round.
Month: January 2011
CBS finds range for TargetSpot deal
TargetSpot doubles previously raised $8.6m from the same consortium of CBS Radio, Union Square Ventures, Bain Capital Ventures and Milestone Venture Partners.
Hanwha strikes Oxford Bioscience partnership
News provider Fortune, which revealed a $66m initial round of fundraising for Oxford Bioscience Partners, said Hanwha would help the US firm in Korea.
SingTel agrees first overseas deal
The $13m investment from a SingTel Group’s corporate venturing unit-led consortium came as Baynote hired Doug Merritt as its executive president from Germany-based software company SAP.
Hearst takes seat at VillageVines
Venture capital firms GrandBanks Capital and High Peaks Venture Partners joined Hearst in the $3m series A round consortium for VillageVines, after the company raised an initial $750,000 round of seed funding from business angels.
Black Duck flies into Olliance
Andrew Aitken and Greg Olsen, founder and senior partner of Olliance respectively, will join Black Duck after selling the company.
Sarnoff leaves Bertelsmann for KKR
Thomas Rabe, chief financial officer of Bertelsmann, will replace Richard Sarnoff as president of corporate venturing unit Bertelsmann Digital Media Investments from February 1.
Holtzbrinck succeeds in latest deal search
Searchmetrics has now raised $11m in total since being started in late 2007 by its chief executive, Horst Joepen, and Marcus Tober, and Holtzbrinck Digital financed its seed round.
Holtzbrinck Ventures raises $230m
Management of private Germany-based media group Georg von Holtzbrinck’s corporate venturing unit have provided 7% of the €177m ($230m) committed to its fourth fund after taking the operation 100% independent. Typically, general partners of a venture capital (VC) firm invest 1% to 3% of a fund. Martin Weber, general partner at Holtzbrinck Ventures (pictured), which… Continue reading Holtzbrinck Ventures raises $230m
Mail.ru misses Groupon’s $950m round
Mail.ru had been a prior investor in Group alongside its former parent Digital Sky Technologies (DST) before its UK listing in November. However, while DST has reinvested in the $950m round, Mail.ru has not, Groupon said.
Espirito backs Portugal’s MagPower
Portugal-based bank Espírito Santo Group, through its €75m ($97m) venture capital fund Espírito Santo Ventures III, has invested up to €7m in local solar power group MagPower – Soluções de Energia. Joaquim Sérvulo Rodrigues, chief executive of Espírito Santo Ventures, said: "In our investments, we look for technology-based projects that have the ambition to access… Continue reading Espirito backs Portugal’s MagPower
Lowenstein Sandler promotes Fusco
Fusco advises on all stages of venture capital transactions, including seed and angel investments, traditional and corporate venture capital investments, private placements, strategic partner investments and related financing alternatives.
Allen & Co backs Personal
Media investment bank Allen & Company joined a consortium including venture capital firms Grotech Ventures and Revolution and angel investor Eric Semler of TCS Capital Management providing $7.6m for Personal.
Mitsui Sumitomo Insurance starts fund
For the first time a Japanese non-life insurer has entered the venture capital business in other parts of Asia.