FreshDirect will receive a minority economic interest in Morrison’s planned London online operation after the UK retailer bought 10% of its US peer.
Month: March 2011
MediaMath calculates next round
News provider TechCrunch said MediaMath’s investors in the latest round would be medical device maker Safeguard Scientific and venture capital firms QED, European Founders Fund and SJS.
Fusion-io preps $150m flotation
Investment banks Goldman Sachs, Morgan Stanley, JP Morgan and Credit Suisse are underwriting Fusion-io’s initial public offering, according to its regulatory filing.
Icap fathers financial fund
Icap invests 11% of its revenue on technology and has provided an undisclosed amount to its corporate venturing fund, Euclid Opportunities.
Beyond Oblivion is another $77m
Beyond Oblivion, a US-based digital music market, has raised $77m from a consortium of corporate venturing groups to buy worldwide content rights and make its commercial launch. Wellcome Trust, a UK-based charitable foundation with £2.1bn ($3.4bn) in venture and growth capital, was joined in Beyond’s latest round by media conglomerate News Corp, investment bank Allen… Continue reading Beyond Oblivion is another $77m
J&J finds Astute investment
Alongside Johnson & Johnson Development Corporation in Astute Medical’s $13m B extension are venture capital firms Domain Associates, Delphi Ventures and De Novo Ventures.
Palestinian fund mixes investors
Cisco joins foundations and state backers in committing $28.7m to Middle East Venture Capital Fund.
Cisco finds way into Avangate
The $5.5m for Avangate is coming from venture capital firm 3TS Capital Partners’ Technology in Central and Eastern Europe Fund (known as 3TS Cisco Growth Fund,) which was set up in 2007 and where Cisco is a main investor.
Google finds its HubSpot
Alongside Google Ventures and SalesForce in backing HubSpot’s $32m D round were venture capital firms Sequoia Capital, General Catalyst Partners, Matrix Partners and Scale Venture Partners.
Baidu finds home with Anjuke
Alongside Baidu in backing Anjuke’s $50m C round, was venture capital firm Matrix Partners China.
Alta Devices raises $72m
The corporate venturing units backing Alta in the round are: Energy Technology Ventures, a $300m corporate venturing joint venture launched in January by industrial conglomerate General Electric (GE), energy utility NRG Energy and oil major ConocoPhillips; power holding company Constellation Energy; Japan-based conglomerate Sumitomo’s Presidio Ventures; and Dow Chemical’s Dow Venture Capital.
Rockfish launches Brand Ventures
Rockfish Brand Ventures will provide 10 start-ups with capital over the next one to two years, as well as technology and marketing support with the aim of improving the marketing return on investment of its clients.
Cortera finds a new tomorrow
TomorrowVentures lists Cortera as a portfolio company but the target has made no regulatory filing since changing its name from eCredit.
Monsanto finds its algae jewel
Monsanto has agreed to take equity in and use Sapphire Energy’s algae-based research to discover genes that could be applied to agriculture, particularly in the field of yield and stress.