Calistoga Pharmaceuticals worth up to $600m after less than $100m of backing from a consortium including Amgen Ventures.
Month: February 2011
Rhodia commits to Aster II
French engineering companies Alstom and Schneider Electric formed Aster in January last year out of Schneider Electric Ventures and has now added Rhodia as the third cornerstone limited partner in the latest fund.
Laing builds on Novacem deal
A series A round is expected by mid-2011, Novacem said, after UK-based construction company Laing O’Rourke joins a $3m seed round.
Royal Society sanguine about OrganOx
The liver helps regulate one of medical sciences’ four humours in the blood and Royal Society Enterprise Fund has backed OrganOx.
HomeAway preps flotation
Newswire Bloomberg said HomeAway’s flotation would be for up to $300m and managed by investment banks Morgan Stanley, Deutsche Bank, JPMorgan Chase and Goldman Sachs.
Merck funds AmorChem
Merck last year agreed to invest C$100m over five years in research and development in Quebec, a province of Canada, and has provided nearly $7m to AmorChem, a Canada-based life sciences venture capital fund.
CAS sets up Jiahe Venture Capital Fund
Chinese Academy of Sciences’ Jiahe Venture Capital Fund in north-eastern China’s first industrial technology centre in Harbin.
Clean-tech focus for Tata Consultancy
Ajoy Mallik, global head, of venture capital private equity, incubation and co-innovation (Coin), told newswire Bloomberg: “These [wind, water, biomass and fuel cells technologies] are the growth engines of the future.”
Intel to link with Reliance and Toshiba
India-based conglomerate Reliance Industries and Japan’s Toshiba will join a global co-investment programme led by US-listed semiconductor company Intel’s corporate venturing unit, according to news provider Economic Times.
Viamet finds its secret seven
Seven investors provide $25m for Viamet Pharmaceuticals.
Aucksun Metal sees the light
The factory will cost RMB1bn, according to news provider Shanghai Securities News, citing a company filing between Jiangsu Aucksun Metal has linked up its RMB30m ($5m) Dingshun Venture Capital subsidiary.
BMW revs up venturing fund
Bayerische Motoren Werke will sell two cars, BMW i3 and BMW i8, from 2013 under the sustainable BMW i brand and invest in seed and series A round deals through the BMW i Ventures team.
J&J and Merck join incubator
Johnson & Johnson and Merck will staff the Greenhouse headquarters with one business development employee each, spokesmen told news provider Pittsburgh Tribune Review.
KBS+P Ventures fund raised
The first deal of KBS+P Ventures is YieldBot