LinkedIn’s shares closed at $94.25 each after the initial public offering of $45 per share and more than doubling its market capitalization to $8.9bn.
Month: May 2011
Tata raises $800m
Tata Capital has five funds: Tata Opportunities Fund, Growth Fund, Innovation Fund, Healthcare Fund and Special Situations Fund.
Van Vlasselaer joins iPierian
Van Vlasselaer replaced former CEO Michael Venuti after his brief tenure last month.
Rockfish catches first deal
Rockfish joins angel investors Bullet Time Ventures, i2A Fund and Hyde Park Angels, which provided more than $1m to Tap.me in January.
Nexstim invades another $3m
Nexstim, a Finland-based developer of non-invasive brain diagnostic and therapy technologies, has extended its latest round by €2m ($3m) after backing from a European financial investor. Capricorn Health-tech Fund provided the money as a new investor and took the round total to €13.4m. It joined a consortium including Lundbeckfond Ventures, the quasi-corporate venturing unit of… Continue reading Nexstim invades another $3m
Prexa Pharma finds its Shire
Alongside Shire, which focuses on attention deficit hyperactivity disorder (ADHD), human genetic therapies (HGT) and gastrointestinal (GI) diseases, in the consortium was venture capital firm Advent Healthcare Ventures, which led the round.
Sumitomo climbs Alpine Data Labs
Venture capital firms Sierra Ventures and Mission Ventures joined Sumitomo Corporation Equity Asia, the Asian unit of Sumitomo’s Strategic Venture Investment division, in the round.
SR One blossoms with SpringLeaf
Brian Gallagher, a partner at SR One, will join SpringLeaf’s board after the group invested in its B round.
IDG chews on Sourcebits
Venture capital firm Sequoia Capital India Advisors has also invested $5m in Sourcebits’ first round as well as IDG Ventures India Advisors. Sourcebits will use the money to set up its US development centre.
Bridgelux signs strategic light
William Watkins, chief executive of Bridgelux, told news provider VentureWire: “We are very close. We’re signing papers” with an undisclosed strategic investor with two new financial backers.
Intel to sell shares in Clearwire
Separately, Intel and Clearwire, which is majority-owned by phone operator Sprint Nextel, had been victims of an insider trading trial by hedge fund manager Raj Rajaratnam.
Spinback finds its Buddy
Buddy Media, a US-based social media marketing company backed by advertising group WPP, has bought peer Spinback, which helps retailers track the return on investment for their social media efforts.
Metabolon prepares next round
News provider News Observer said Metabolon had raised $32m since 2000 and would raise $10m later this year.
Wal-Mart shops at Yihaodian
Gang Yu, co-founder and chairman of Yihaodian, said: “Walmart brings its global vision into our business. In addition, its supply chain excellence will help us gain a competitive edge in the e-commerce industry in China.”