Kosmix exits to Wal-Mart Stores having previously raised $20m primarily from Time Warner in December 2008 to take its then-total funding to $55m.
Month: April 2011
Digby dogged by $8m
Pierre Donaldson, partner at BlackBerry Partners Fund, said: “Digby was one of the first companies we invested in when we started the BlackBerry Partners Fund in 2008, and we are thrilled to see how they have grown to become the market leader in enabling the mobile channel for top retail brands.
Circassia reacts to $98m
The money will be drawn down in two tranches over the next two years to fund phase three development of Circassia’s cat and ragweed allergy therapies.
Few firms make a difference
Switzerland-based non-profit organisation World Economic Forum in its Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies report found the top 5% of the 380,000 companies contribute 72% of total revenue and 67% of total jobs.
BaseKit designs $6.5m round
The UK-based National Endowment for Science, Technology and the Arts (Nesta), which is publicly-funded but about to become a charity and quasi-corporate venturer, invested in the B round along with venture capital firms Nauta Capital and Eden Ventures.
Valeritas medicates with $9.4m
In a regulatory filing first seen by Citybizlist, Valeritas has 20 investors in the round so far.
Persistent Systems pays off for Intel
Intel Capital sold its final 2.29% stake in Persistent held by its $250m Intel 64 Fund for R36.21 crore ($8.1m), according to news provider VCCircle estimates.
Comcast turns over to Flipboard
Alongside Comcast Interactive Capital in the series B round for Flipboard were venture capital firms Insight Venture Partners, Kleiner Perkins Caufield & Byers and Index Ventures, and angel investors Chernin Group, Ron Conway, Jack Dorsey, Ashton Kutcher and Dustin Moskovitz, according to news provider All Things D.
Videosurf searches for strategics’ names
Videosurf, which has more than 20 million unique users per month, has raised $28m in total since 2006.
Tigo Energy finds new Generation of backer
In June, Tigo Energy raised $10m from two strategic investors and three independent venture capital firms and has now raised the same again from Generation Investment Management’s Climate Solutions Fund.
Lockerz fills up with $30m
In July, Lockerz raised an undisclosed amount of venture capital from venture capital firm Kleiner Perkins Caufield & Byers and Nasdaq-listed Liberty Media’s Interactive division. Liberty on its website said it owned 65% of Lockerz.
Nippon Life consults Best Doctors
Nippon Life, Japan’s largest private life assurer, now joins Munich Re, the world’s largest reinsurer, as a minority owner of Best Doctors.
Ioxus stores up $21m
Energy Technology Ventures, a General Electric-NRG Energy-ConocoPhillips joint venture, and Aster Capital, backed by European industrial groups Alstom, Schneider Electric and Rhodia, are two funds backing Ioxus, a US-based battery maker.
Soota in talks for Happiest Minds Technologies
Potential investors in Happiest Minds Technologies include media company International Data Group’s IDG Ventures India subsidiary, Sudhir Sethi, who was head of venture capital firm Walden India International when it invested in MindTree and is now founder and chairman of early stage venture capital firm, Walden India, Sequoia and one or two other venture capital firms, news provider Economic Times said.