Rimas Kapeskas, marketing director at UPS product research and development, will replace Alan Koenning, fund manager of ?UPS Strategic Enterprise Fund for the past nearly eight years.
Month: March 2011
IDG aims for $175m India fund II
Patrick McGovern, chairman and founder of International Data Group, said the IDG Ventures India Fund for early-stage deals would target $175m and have an upper limit of $200m.
Dhama Innovations wraps up Reliance exit
In an article by news provider VCCircle, Harshal Shah, chief executive of Reliance Ventures, said two private equity firms were picking up its stake in clothes maker Dhama Innovations.
McGraw-Hill and Pearson get an Inkling
Matt MacInnis, founder and chief executive of Inkling, said: “McGraw-Hill and Pearson, two of the largest educational content providers in the world, have invested in Inkling.”
Intel finds its Total Immersion
The $5.5m from Intel Capital-led consortium will help Total Immersion expand in US and Asia for its D’Fusion augmented reality platform.
Angie’s List raises $53.6m
Angie’s List, a US-based provider of consumer reviews on local services, takes total to more than $100m since 1995.
SVB finds the Color is green
Color raises $41m in green dollar bills from venture capital firms Bain Capital Ventures and Sequoia Capital and debt and equity provider Silicon Valley Bank.
Innovation works for Dianxin OS
GSR Ventures backs Innovation Works incubation portfolio company Dianxin OS.
Samsung doubles view of MasterImage 3D
Ilseok Yoon, managing director of Samsung Ventures America, said: “Our investment in MasterImage 3D is consistent with our strategy to work closely with established market leaders.”
Juniper takes quick exit from Sentrigo
McAfee, a US-based anti-virus software subsidiary of chipmaker Intel, has agreed to acquire local peer Sentrigo for an undisclosed amount.
Sequans plans next step for flotation
Sequans Communications has reportedly raised more than $60m from a consortium including corporate venturing units from Motorola Solutions (which owns 1.5 million shares, 5.3%) and Alcatel-Lucent (1.1 million shares, 4%).
Galleon trial update
Press reports on trial of Raj Rajaratnam, founder of Galleon Group.
TransTech USA merges with Clareo
The integration of TransTech USA with Clareo Partners adds consultants in natural resources, energy and clean technology to Clareo’s work with consumer packaged goods and technology companies, such as Kraft, Hewlett Packard, Alticor, Fulton Innovation and Zaharoff.
Call for venturing tax break in UK Budget
Requests for the Corporate Venturing Scheme (CVS) tax break to be brought back in the UK.