Earlybird report shows the opportunity in venture investing.
Month: July 2011
L Capital Asia savours Genesis Luxury
L Capital Asia, part of the corporate venturing unit of France-based luxury consumer goods conglomerate LVMH, has acquired a 25.5% stake in India-based fashion distributor Genesis Luxury for an undisclosed sum. Based in Singapore and India, the Asian branch of L Capital is equipped with $640m of capital, and has largely invested in Hong Kong… Continue reading L Capital Asia savours Genesis Luxury
Tech City Launchpad Investor Day, August 10, London
(Invite only, but request link)
IDG speaking Smartling’s language
Smartling has raised $10m in its series B round and plans to invest the money in expanding its web translation service.
Konrad Group sets up seed fund
The fund will invest in the internet, social media and mobile technology.
CyberAgent Ventures opens in Taiwan
Cyberagent has invested in 18 companies in China and Taiwan. It also has offices in Beijing, Shanghai and Shenzhen.
Nokia picks up a share of Network18
Nokia Growth Partners (NGP), the corporate venturing unit of the Finland-based telecommunications conglomerate, has become a shareholder in India-based media conglomerate Network18, which runs its own corporate venturing unit, Capital18. The stake was acquired by NGP in return for its shares in Web18, Network18’s digital division. NGP invested in $10m of equity in Web18 in… Continue reading Nokia picks up a share of Network18
Google and friends spin deal web
The search engine, its venture unit, its early backers and its chief executive have been busy buying and hiring in recent days.
Virgin Green set to raise second fund
Separately one of its portfolio companies, Wildcat Discovery Technologies, has raised $7.5m.
Newell Rubbermaid boards EquaShip
The US conglomerate, which oversees the DYMO Endicia brand, is helping Equaship to gear up for an autumn launch.
Infocomm hoping to cash in on Quid
Quid, which provides software which displays information visually, takes its aggregate raised up to $14m, with Infocomm joining a raft of venture capital firms in the series C round.
CLP takes nuclear power stake
The nuclear power station backed by CLP will supply China’s Guangdong province [pictured] with electricity.
Google, Qualcomm back ThinkNear
Google and Qualcomm were joined by venture firms including IA Ventures and Metamorphic Ventures in the seed financing.
Former social network raises $8m
Washington Post-backed Fab.com reportedly takes its total raised in venture financing to $11.6m after metamorphosing into a design items sales website.