Germany-based venture capital firm eCapital Entrepreneurial Partners has raised €50m ($70m) for a clean-tech fund from investors including local insurance company LVM Versicherungen. Paul Grunow, co-founder of Solon and Q.Cells, led the fundraising commitments along with several other German family offices. ECapital, led by managing partner Paul-Josef Patt, now manages 120m in five funds and… Continue reading LVM Versicherungen backs eCapital fund
Month: April 2011
TidalTV rises for $30m round
Venture capital firm New Enterprise Associates (NEA) led the $30m C round for TidalTV, and was joined by fellow reinvesting VC firm Valhalla Partners and Comcast Interactive Capital, the corporate venturing unit of local cable company Comcast.
Robinson to steer BMW i Ventures
Edward Robinson remains executive president of BMW Financial Services, Americas Region, after taking over as president of BMW i Ventures.
Bakrie Telecom launches incubator
The fund, BTEL 2.0, will help start-ups and small technology companies in Indonesia, according to news provider Penn Olson.
Cabiedes & Partners finds Bertelsmann
Cabiedes & Partners launches $35m angel fund with backing from European publishers.
FutureE Fuel Cell Solutions calls T-Venture
FutureE Fuel Cell Solutions gains an undisclosed amount from a T-Venture-led consortium.
J Rothschild Creat Partners starts
Lord Rothschild’s fund management firm, RIT Capital Partners, has formed a joint venture with China-based firms Creat Group, which manages RMB6bn ($900m), and Quercus Ventures to manage the $750m fund to help China-based companies take minority stakes in overseas peers.
Radian6 sells to SalesForce.com
SalesForce is paying $276m in cash and $50m in its shares for Radian6. A further $10m in stock and $4m in cash will be issued to founders and will be subject to vesting conditions over two years.
Lansons sups on Cubaka
News provider FusionDiginet said Tony Langham, chief executive of Lansons, would join Cubaka’s board and the portfolio company would relocate to Lansons’ offices but maintain its independent branding.
Finnair flies into Nordic Global Airlines
The launch of Nordic Global Airlines, an all-cargo airline, is expected later this year with minority backing by Finnair Cargo, a subsidiary of the Finnish national carrier, Finnair.
WPP promotes Visible Technologies
Joining WPP in Visible Technologies’ round were the US intelligence agencies’ In-Q-Tel quasi-corporate venturing unit, venture capital firms Investor Growth Capital and Ignition Partners and an angel investor.
Steamboat chomps on GameSalad
Venture capital firms Greycroft Partners, DFJ and ff Asset Management also invested in GameSalad’s A round alongside Disney’s Steamboat Ventures.