Vikram Gupta said on his LinkedIn page that IvyCap Ventures would be launch an innovation and technology VC fund with an approach to focus on the entrepreneurs with high-quality professional educational backgrounds, such as from the India Institutes of Technology.
Month: April 2011
Intel invests $20m to get in the Kno
Intel Capital’s investment is part of $30m round for Kno, which also sees Advance Publications join the consortium as a new investor.
Bertelsmann falls for Flat World Knowledge
Bertelsmann’s Random House publisher join another of the Germany-based media group’s subsidiary in backing Flat World Knowledge.
Money follows SocialFlow
Japan-based internet holding company Softbank led the A round for SocialFlow, and the consortium also included SocialFlow’s incubator, Betaworks and AOL Ventures, the corporate venturing unit of US media group AOL.
Andreessen Horowitz becomes like a corporation
Venture organisation structure shaken up by Andreessen Horowitz, a venture capital firm that has just raised a $200m co-investment fund.
NVCA chairman promotes corporations
NVCA’s new chairman, Paul Maeder, says corporate venturing has a role to play, but the biggest bugbear for venture capital firms about its peers comes from relatively slow sign-offs of legal or financial documentation for portfolio companies.
Wellcome cuts venture fund managers
Wellcome rates venture investing now as 7.5 out of 10, similar to Brooks Zug, senior managing director of funds of funds manager HarbourVest Partners, who rates venture investing now a “nine” out of 10.
KBS+P backs PlaceIQ
The other investors include venture capital firms IA Ventures and Social Leverage, and angel investors.
Cellular Dynamics breeds success
Tactics II Stem Cell Ventures, a venture capital firm set up by Robert and Thomas Palay after they sold NimbleGen Systems to Switzerland-based drugs company Roche in August 2007 for $272.5m, led the round for Cellular Dynamics International .
Google glares at German deal
US search engine provider Google has made its first clean energy project investment in Germany by teaming up with local private equity firm Capital Stage. Benjamin Kott (pictured), clean energy advocacy manager at Google, said Google would invest €3.5m ($5m) in a solar photovoltaic power plant in Germany.Capital Stage said Google was buying a 49%… Continue reading Google glares at German deal
Safeguard focuses on PixelOptics
Alongside Safeguard in the PixelOptics round was venture capital firms Delphi Ventures, Carlyle Group, Longitude Capital and Stark Investments.
Steamboat caught on film again
GoPro declined to disclose the size of the investment by disney’s Steamboat Ventures to news provider Wall Street Journal (WSJ) that revealed the round.
Alstom comes second with BrightSource
Alstom invested $75m in BrightSource’s E round, in addition to $55m committed last year as part of a $176m D round.
JumpTap leaps for $20m
JumpTap raises $20m of a planned $27.9m round.