Alan Lewis, executive president of Ambit, said: “Our existing investors have reaffirmed their confidence in the company, providing us with sufficient funding [$30m] to pursue our strategy and enabling us to withdraw our plans for an initial public offering.”
Month: June 2011
CNF smooths funding lines for Revance
Venture capital firm Essex Woodlands Health Ventures led the $45m round for Revance Therapeutics, which also included CNF Investments and others.
European Venture Club, 28-29 June 2011, Paris, France
The European Venture Club has organised a roundtable on 28-29 June 2011 so corporate venturers and venture capital firms can discuss the trends in the industry.
Violin Memory strings together $40m
Corporate venturing-backed data storage company Violin Memory raised $40m at a $440m valuation, while peer Fusion-io floated in New York.
Intel Capital does four deals and an exit
The corporate venturing arm of US chip maker Intel has sealed four deals – Aldebaran Robotics, JouleX, Altergeo, Sapato – after breaching the landmark $10bn invested last month.
Fusion-io makes large first day gains
Fusion-io floats with corporate backers including Dell Ventures, Sumitomo Ventures and reportedly Samsung Ventures.
Qualcomm backs Cavendish Kinetics
The corporate venturing arm of technology equipment maker Qualcomm has joined a $10m funding round raised by US and Netherlands-based semiconductor manufacturer Cavendish Kinetics.
SR One-backed Constellation raises $15m
The corporate venturing unit of UK-listed pharmaceutical company GlaxoSmithKline has participated in the extension financing raised by US drugs company Constellation Pharmaceuticals.
LSI Corporation joins Aquantia backers
NYSE-listed technology company LSI Corporation has joined the latest $21m round backing US ethernet connection company Aquantia.
PTT Chemical-backed Myriant in $125m flotation
PTT Chemical owns 47.9% of Myriant after it invested $60m in January.
Sanofi leads $7.5m Esperance round
French drugs company Sanofi has led the $7.5m round into cancer treatment company Esperance Pharmaceuticals.
Holtzbrinck Ventures in $24m Wooga investment
The series B round follows Holtzbrinck Ventures (HV) spinning out from German media parent Georg von Holtzbrinck Publishing Group.
55tuan.com in $200m funding round
Chinese website 55tuan.com is reporedly raising $200m from Zero2IPO, Goldman Sachs and others.
Cisco-backed Act-On raises $10m
Other C-round backers of Act-On Software, a US-based provider of online marketing services, are venture capital firms Trinity Ventures, US Venture Partners and Voyager Capital.