Intelect Medical is developing technologies for deep brain stimulation (DBS) therapy and Boston Scientific (BoSci) values the target at $78m.
Month: April 2011
Axel Springer jumps on Kaufda
Two German corporate venturing units, eVenture and T-Venture, which are sponsored by local retailer Otto Group and phone operator Deutsche Telekom respectively, had backed Kaufda, which is sold to Germany-based media group Axel Springer.
Dashwire finds its Best Buy
Best Buy Capital backs US-based mobile phone sales service Dashwire.
Syngenta Ventures sows Agrivida deal
Syngenta licenses crop technology and intellectual property so Agrivida can develop new traits for crops, including corn, sorghum, switchgrass and miscanthus, in return for equity.
Coke drinks rest of Honest Tea
In 2008, Coca-Cola, led by its Venturing and Emerging Brands (VEB) unit, purchased a minority stake in Honest Tea, an organic bottled tea company, and it has now bought the rest.
Nestle acquires portfolio company
Switzerland-based chocolate company Nestlé has acquired a portfolio company from a venture capital firm it invests in. Nestlé’s Health Science division, which was set up last year after information about disease-fighting nutrition provided by venture capital firm Inventages Group, has acquired CM&D Pharma, which provides chewing gum, called Fostrap for people with kidney disease, inflammatory… Continue reading Nestle acquires portfolio company
LVMH raises $640m Asian fund
Led by Ravi Thakran, LVMH’s fund will invest in companies covering lifestyle retail, lifestyle food and beverage, beauty and wellness, boutique hospitality, media and entertainment and private education in China, India, South East Asia and the Middle East.
Bessemer lets in corporate investors
Alongside existing LPs and corporate venturing units, Bessemer added university endowments and family offices into the $1.6bn BVP VIII fund.
Marshall launches seed fund
UK-based industrial group Marshall has launched a seed fund for Greater Cambridge and East Anglia. Marshall had more than a decade earlier invested in a four to five seed-stage deals, including Abcam, a provider of medical antibodies that has subsequently listed with a market capitalisation of more than £750m. Marshall has hired Peter Cowley as… Continue reading Marshall launches seed fund
Agilyx strikes $22m gusher
US-listed disposal company Waste Management and Total Energy Ventures International, the corporate venturing unit of French oil major Total are new investors in Agilyx.
DST launches second fund
DST Global – 2 will invest in later-stage companies, such as discount coupon provider Groupon in January, reported news provider Vedomosti.
CyberAgent expands Asian venturing
Japan’s CyberAgent will open an office in Taiwan in June. According to news provider Nikkei, CyberAgent will invest $120m in start-ups operating in China and Taiwan this year.
SingTel Innov8 blows into Bubble Motion
Infocomm Investments, a $200m wholly-owned subsidiary of the Infocomm Development Authority of Singapore, also invested in the Bubble Motion alongside SingTel Group’s corporate venturing fund and venture capital firms Sequoia Capital, Palomar Ventures and NGC.
Tice takes top job at D.light Design
Tice succeeds founding CEO Sam Goldman D.light Design, who has been named chief customer officer.