France-based chemicals company Arkema has sold its stake in US-based medical technologies group Oxford Performance Materials (OPM).
Month: June 2011
Visa provides cheque for Fundamo
Fundamo, a South Africa-based financial services technology provider backed by some of the country’s largest companies, has agreed a $110m exit to credit card provider Visa.
OATV comes into Bloom
Alongside OATV in Bloom’s seed round were angel networks Launch Capital, Betaworks and SV Angel and Stewart Butterfield.
A123 spins out M24
Charles River Ventures and North Bridge Venture Partners, which also backed A123, are providing the $10m series A round to spin-out M24.
Goldman gets into the Kno
Goldman and GSV line up with US media company Advance Publications and Intel Capital backing the start-up founded by repeat entrepreneur Osman Rashid.
D’Abbadie leaves Inventages
Before Inventages, D’Abbadie worked at Technikos, a UK-based medical device venture capital firm, and has joined Spark Impact.
General Compression blows into $54.5m
US-based renewable energy company General Compression has closed the first tranche of its $54.5m series B round after starting its first wind farm in Texas with investor and oil major ConocoPhillips.
Good Energies finds its agility
Good Energies, which invests on behalf of the Brenninkmeijer family that runs clothing chain C&A, has now invested $37m in Agile Energy.
Schlumberger swells for Liquid Robotics
Schlumberger linked with venture capital firm VantagePoint Capital Partners, in which it has a strategic partnership, for Liquid Robotics’ $22m D round.
Patel spies advantage in venture
Patel had been made managing partner of Best Buy Capital in late 2008 before becoming president of the company’s Asia operations last year and has joined venture capital firm VantagePoint Capital Partners.
Salesforce pumps up ServiceMax
ServiceMax, a provider of mobile field service applications formerly known as Maxplore Technologies, has raised $14m in its series C round from a consortium including online software group Salesforce.com.
Google eyes AdMeld
News provider TechCrunch said Google was in negotiations to buy AdMeld for $400m after its $150m to $200m offer in February last year was rejected.
Tyco prints money for Kovio
Kovio, a US-based maker of printed silicon semiconductors, has raised $15m in its series B round from a consortium led by Tyco Retail Solutions, a unit of industrial conglomerate Tyco International, as a new investor.
Tencent commits to Innovation Works
Martin Lau, president of Tencent, said: “Tencent and Innovation Works will collaborate to provide an open and supportive environment for internet startups to foster growth and creative development.”