Shortlist for the inaugural Global Corporate Venturing Awards & Best Practices 2011, revealed.
Month: April 2011
SCI conserves backers
In return for selling some equity, SCI has struck a global strategic alliance with semiconductor company Intel and raised more than $19m from General Electric (GE) and venture capital firm Triangle Peak Partners.
Intel tucks into Crisp Media deal
Alongside Intel Capital in the round was venture capital firm Meritage Funds and Singapore state-backed fund EDB Investments (EDBI).
Visa becomes Square’s flexible friend
The strategic corporate venturing investment in Square came 12 months after Visa linked up with DeviceFidelity to launch its version, In2Pay, of Square’s service.
Plateau Software reaches exit summit
SuccessFactors to buy Plateau Software for $290m and give an exit to consortium including GlaxoSmithKline-backed EuclidSR Partners.
Technicolor captures Digitalsmiths
Technicolor joins corporate peers Capitol Broadcasting and Cisco as an investor in Digitalsmiths, which is also backed by venture capital firms .406 Ventures, Aurora Funds and Chrysalis Ventures.
YetiZen incubates gamers
Instead of providing cash, YetiZen will offer space and three months of mentoring from its advisers, who include Jeff Karras of Singtel Innov8 and Patrick Chung of SK Telecom Ventures, in return for equity.
NVP looks along TimeSight Systems
VC firms Contour Venture Partners and New Venture Partners are in TimeSight’s consortium, while a regulatory filing said the portfolio company raised $3.2m from 10 investors.
Yandex starts seed fund
Yandex.Factory will invest up to hundreds of thousands US dollars in Russian and international projects at their seed or early investment stage.
Oxford Nanopore fits in $41m
Oxford Nanopore Technologies, a UK-based developer of human genome technology, has raised £25m ($41m) from a consortium including its DNA sequencing marketing partner, Illumina UK. The other investors in Oxford Nanopore, which is valued in the round at £155m, included hedge fund Lansdowne Partners, London-listed developer of intellectual property-based businesses IP Group, mutual fund manager… Continue reading Oxford Nanopore fits in $41m
Avatar Ventures displays $0.5m
Avatar Ventures, a US-based mobile phone adapter to display text messages and wireless emails on a car dashboard, has raised $500,000 in a private placement from a non-US corporation.
O’Reilly stays true to Fidelis
Alongside O’Reilly AlphaTech Ventures in Fidelis’ series A round are venture capital firm Accel Partners, Novak Biddle and Ulu Ventures and angel investors.
Scripps finds pearl in Oyster
As part of the deal, Travel Channel and TravelChannel.com will have access to exclusive Oyster.com content and each brand will also work on programming and cross-platform promotional opportunities.
Akebia takes funding to $50m
Novartis Venture Fund and Venture Investors, a venture capital (VC) firm investing in university technology transfer start-ups throughout the Midwest of America, co-led the $22m B round for Akebia Therapeutics.