April 2011 – Page 8

IDG sees China success

publisher International Data Group’s China-based corporate venturing unit floats Qihoo 360 Technology with first day pop and raises two funds.

RPO files for protection

News provider VentureWire said RPO’s bankruptcy filing came after a potential customer pulled out of an order.

Acton Capital Partners, a venture capital firm spin out of Germany-based media group Hubert Burda and which retains its former parent as an investor, has acquired a stake in Yatego, a local provider of an electronic commerce platform. Yatego, which features about 10,000 retailers with more than three million product offerings turning over €100m per… Continue reading Acton shops for Yatego

Txteagle soars to $8.5m A round

Txteagle has deals with 220 phone carriers in nearly 100 countries and so has 2.1 billion consumers in its database.

Lieferheld chews on German funding

$5m for Lieferheld.

Westphal to leave SR One for own firm

David Phillips, a partner at SR One, said: “Christoph [Westphal] will transition out over next several quarters. He will assist in finding a long-term replacement and will continue to be supported by myself running Europe and Brian Gallagher running the US. Overall message is ‘business as usual’.”

Sequans updates flotation plans

Sequans will offer 9.17 million American Depositary Shares (ADSs), representing an ordinary share and being sold for $11 to $13 each.

Cisco plans 21Vianet flotation

21Vianet plans to issue 11.5 million American depositary shares (ADSs), each representing six class A ordinary shares, according to its regulatory filing.

Rocket Fuel takes off with $6.6m

In September mobile phone maker Nokia’s corporate venturing division led the previous $10m series B round for Rocket Fuel, and was joined by Northgate, Mohr Davidow and Labrador.

Me2me raises $2.3m

Swisscom’s corporate venturing unit Swisscom Ventures has invested in Me2me’s A round, along with local bank Credit Suisse’s SFr100m SVC – Ltd. for Risk Capital for SMEs fund set up in June, and local industrial conglomerate Beelk.

GoldSpot Media gains $12m

Berg Enterprises backs GoldSpot Media, a US-based video advertising services company.

WPP finds its Vice Media

Sir Martin Sorrell, chief executive of WPP, said: “WPP is investing in Vice to further develop our content capabilities, particularly in new media and among the youth consumer segments. It’s also an opportunity to work closely with Tom Freston and Ari Emanuel and his WME talent agency.”

LivingSocial takes funding to $600m

The company has raised $400m from an undisclosed mix of new and existing public and private investors, compared to $950m raised by peer Groupon earlier this year.

Taking emerging market innovations to the world

US publisher Harvard Business Review (HBR) rated reverse innovation as one of the 10 big ideas of the past decade as a result of an article it printed in October 2009 authored by US-listed industrial conglomerate General Electric (GE).