CyberAgent Ventures reportedly received up to 20% of iPeen’s shares for investing $1m.
Month: May 2011
Northgate takes Visible Measures
Venture capital firm Northgate Capital, which is majority funded by India-based industrial conglomerate Religare Enterprises, had led Visible’s $10m series C round in March 2009, which included peers General Catalyst and Mohr Davidow Ventures.
RIM buys Tungle and boosts prize
Canada-based corporate venture-backed BlackBerry Partners Fund and phone maker Research In Motion (RIM) have doubled the prize for its annual Blackberry Developer Challenge to $3m, while one of its fund managers has exited Tungle.
Yandex plans Nasdaq listing
Yandex, a Russia-based search engine formerly backed by Intel Capital, plans to raise $1bn in its Nasdaq stock exchange flotation but with a government block on any takeover of the company. Intel had committed to a fund, Ru-Net, managed by Baring Vostok Private Equity and local bank UFG, which paid $5m for a 35% stake… Continue reading Yandex plans Nasdaq listing
Tate sweetens on BioVittoria
Tate & Lyle now has a 12% equity stake in BioVittoria and the exclusive global marketing and distribution rights for BioVittoria’s monk fruit, to be sold in the US under the PureFruit brand.