Riverwood Capital, Sageview Capital, Walden International and US Venture Partners joined the consortium alongside Disney’s Steamboat Ventures in backing Woodman Labs, a US-based maker of the GoPro cameras.
Month: May 2011
JumpTap leaps for $25m
Last month, in a regulatory filing, JumpTap said it had raised $20m but the repeat investors in the latest $25m round include ad services group WPP.
WPP shoots with Ronaldo
Footballer Ronaldo and WPP own 45% of his new company with business partner Marcus Buaiz the remainder, according to news provider Financial Times (FT).
St Jude finds its iRhythm
Venture capital firm New Leaf Venture Partners led the C round for iRhythm Technologies as a new investor, and was joined by peers Mohr Davidow Ventures and Synergy Life Science Partners as well as St Jude.
Cisco finds way back to Mashery
In February last year, Mashery raised $5.5m in its series C round from Cisco and others, and has now added $11m.
Cenovus warms with fusion deal
Alongside Cenovus’ Environmental Opportunity Fund in the $19.5m series B round for General Fusion were Bezos Expeditions, the family office of Jeff Bezos, founder and head of online retailer Amazon, and venture capital firms.
SingTel wins Stream Media game
SingTel Innov8 money will help Stream Media’s develop its payment platform, MoVend, for online games published by UK-based Hyperbees and China’s GoodTeam Studios.
SingTel expands Innov8 team
Tam Hock Chuan joins Edgar Hardless as MD while Jeffrey Karras becomes venture adviser alongside William Bao Bean.
What price value in febrile times?
This hot-house atmosphere for a few great businesses and others clinging on for high valuations at listing means its harder for patient, longer-term capital to be efficiently invested in businesses for the overall health of the economy. In such conditions, insiders and intermediaries reap the benefits.
Mizuho joins Tata in tech
Mizuho through its Alpha TC corporate venturing vehicle that aims to bring Japanese companies to Indian firms, and Tata using its Tata Capital Growth Fund I invested the money for a 13.04% stake in Tata Technologies.
Delenex Therapeutics extends A round
Novo joins venture capital firms SV Life Sciences, HBM BioCapital, HBM BioVentures, BioMedInvest and VI Partners that had backed its CHF13.5m first close of the A round in November.
Whittemore digs into Cobalt
Rick Wilson, chief executive of Cobalt, said: “In addition to the generous financial support provided by the Whittemore Collection, we now have the world’s most experienced builder of biomass-based businesses on our board supporting us in developing our global enterprise.”
Rich places dominate innovation
The Organisation for Economic Co-operation and Development (OECD), a group of the developed countries, in a report Regions and Innovation Policy said the richest 4% of regions accounted for one-third of all OECD growth over the 1995-2005 period.
Alibaba conjures up CNZZ
IDG Capital Partners, the local corporate venturing unit of US-based publisher International Data Group, had originally backed CNZZ in late 2008 with more than $10m before its sale to Alibaba.