The corporate venturing investor has bought less than a tenth of Shutl, according to news provider Daily Telegraph.
Month: May 2011
ReVolt charges up with $3m
ReVolt Technology, a Germany-based developer of rechargeable batteries backed by German energy company RWE’s corporate venturing unit, has extended its series B round by €2m ($2.9m) from undisclosed investors. The company, which in October moved its headquarters from Switzerland, has also gained €21m in grants, loans, tax credits, subsidized loans and other financing incentives to… Continue reading ReVolt charges up with $3m
Funzio plays with $20m
IDG Ventures (San Francisco) and IDG Capital Partners (China), two corporate venturing units of US publisher International Data Group, co-led the round for Funzio.
Softbank finds gold in Gilt Groupe
In addition to providing $62.5m, Softbank is providing Gilt Groupe Japan, which started in March 2009 and has more than 600,000 members, with cash, services and intangible property to establish a joint venture between the two companies in return for a 50% stake.
Explorys scopes out $11.5m round
Venture capital firms Austin Ventures and Foundation Medical Partners, which has a strategic limited partnership affiliation with Cleveland Clinic, co-led the C round for Explorys.
Naurex raises $18m A round
H Lundbeck, Takeda Pharmaceutical and Shire back Naurex.
CardioDx closes on $60m
Venture capital (VC) firms Longitude Capital, Acadia Woods Partners, Artiman Ventures, investment bank JP Morgan, and Bright Capital, the corporate venturing unit of Russia-based industrial conglomerate Ru-Com Group, participated in the CardioDx round as new investors.
eBay reaps $1.4bn profit from Skype sale
Of the purchase price by Microsoft, $686m will repay Skype’s debt leaving an equity value of $7.8bn, of which about $2.3bn will go to eBay.
BP and DSM back Verdezyne
BP Alternative Energy Ventures, part of oil major BP’s renewable energy sources division set up in November 2005 to invest $8bn by 2015, and DSM Venturing, which has Netherlands-based industrial group DSM as parent, were the two new investors in Verdezyne.
U-Systems screens its next $6.5m
Siemens misses public mention in U-Systems’ latest round.
JiWire locates $20m
Alongside Comcast Interactive Capital in the $20m C round for JiWire were venture capital firms Trident Capital, which led the round, and DFJ Frontier, Norwest Venture Partners and Panorama Capital.
Bishop to lead UK flock
Richard Bishop (pictured) has joined the UK-based £2.5bn corporate venturing Business Growth Fund as head of investments. Since 1989, Bishop has been a partner in the growth capital business at 3i, which was set up after the Second World War by the UK government to encourage equity investment in business. The fund, which launches next… Continue reading Bishop to lead UK flock
Corporates to sell out from LinkedIn
Some of the corporate venturing backers behind US-based business networking company LinkedIn will sell their holdings in their portfolio company at its flotation on May 18. LinkedIn will offer 7.84 million class A shares in its initial public offering, pricing the shares between $32 and $35 each to raise up to $315.6m with a $3.3bn… Continue reading Corporates to sell out from LinkedIn
Softbank paper gains 6x on RenRen
Softbank diluted to 34.2% after RenRen’s initial public offering, having originally invested $100m in April 2008, according to data provider Zero2IPO. By December last year, Softbank had invested $315m to give a six times return on the book value of its holding at $14 per share, Zero2IPO added.