Public debt rather than equity markets provide cash for a dividend recapitalisation of Intel-backed AVG Technologies.
Month: March 2011
3M moves into MotionID Technologies
3M New Ventures invested an undisclosed amount in MotionID Technologies but tends to back companies where it is the sole and first institutional investor.
Motorola finds Vivotech solution
The undisclosed amount invested was part of a bigger, extended round for Vivotech, according to Motorola Solutions Venture Capital, which separated from Motorola Mobility in January.
Mirchandani raises Kae Capital
Former India head of BlueRun Ventures sets up Kae Capital.
NetQin Mobile plans IPO
China-based security company NetQin Mobile plans to raise $100m in its New York flotation, according to its regulatory filing.
Cortina Systems preps flotation
Intel Capital, the corporate venturing unit of Intel, owns 11.9% of Cortina Systems and will hold the same number of shares after its portfolio company’s initial public offering, according to its regulatory filing.
Advanced Animal Diagnostics spots $11m
Venture capital firm Intersouth Partners led the B round consortium for Advanced Animal Diagnostics, which included Novartis Venture Partners.
SustainX gases in $14.4m
GE Energy Financial Services, a unit of US-listed industrial conglomerate General Electric, has backed SustainX last year as part of the first tranche of money from its $200m Ecomagination corporate venturing fund.
Glam Media adds BBS Media
Mark Boxer and Brian Fields, BBS Media’s co-founders, will serve as vice-presidents of Glam Media Canada and in charge of publisher and brand-advertising sales.
Veolia accelerates innovation partnering
Veolia Innovation Accelerator has partnered five companies, including Envolure, a France-based environmental analysis maker, software company Cosmo, Canada-based Ostara Nutrient Recovery Technologies, GreenRoad, a US fuel-saving start-up, and Advanced Cyclone Systems, a Portugual-based company to filter industrial pollutants.
Clydesdale starts venture debt lending
Graeme Sands, director of corporate and structured finance at Clydesdale, is leading the new unit, which is expected to hire people to expand the franchise outside of Scotland after receiving board approval.
BioNanomatrix raises $23.3m B round
BioNanomatrix’s previous investors, KT Venture Group, the corporate venturing unit of semiconductor equipment company KLA-Tencor, and non-profit research group Battelle Memorial Institute through its corporate venturing units Battelle Ventures and Innovation Valley Partners, reinvested in the $23.3m B round.
BrightSource finds energy for $125m round
According to a regulatory filing, $122m has come from 36 investors after advice from Advanced Equities, compared to last month’s update when $89.6m had been raised from 28 investors against a targeted $100m round.
SR One shakes up team
GlaxoSmithKline’s corporate venturing team continues active deal rate with movement in its personnel.