US-based venture capital firm Bain Capital Ventures has bought out the stake in Estonia-based Java software developer ZeroTurnaround held by Estonia-based software development company Webmedia Group, as well as holdings held by minority shareholders. Terms were undisclosed. Founded in 2007 as a spin-off from a Webmedia development team, ZeroTurnaround became an independent company in 2009.… Continue reading Webmedia sells its stake in ZeroTurnaround
Month: July 2011
SingTel consults on inside deal
Singapore Telecommunications’s corporate venturing unit invests $150,000 for shares in the in-house consultancy which advises it.
BGF makes two appointments
The Business Growth Fund (BGF), the corporate venturing fund backed by Barclays, HSBC, Standard Chartered, Lloyds and RBS, has appointed John Eggleston as its information technology (IT) strategy director and Jenny Chandler as human resources director. In addition to their work helping to manage the fund, both Eggleston and Chandler will work in mentoring roles… Continue reading BGF makes two appointments
DSM’s Limburg backs health food company
Limburg Ventures, which was set up by Netherlands-based industrial group DSM and a regional development agency, has backed a €2m ($2.9m) fundraising by health food company BioActor. Limburg was joined by Nedermaas Ventures, a subsidiary of the Limburg Development and Investment Company, and venture capital firm Icos Capital investing in the series A round.… Continue reading DSM’s Limburg backs health food company
Ceres adds two underwriters to $100m float
Monsanto-backed Ceres hires Raymond James and Simmons & Company alongside Goldman Sachs, Barclays Capital and Piper Jaffray.
Motorola helps Canvas raise $1.2m
US-based telecoms equipment company Motorola Solutions has led a $1.2m first close by US-based mobile business application company Canvas.
Citrix tops up GlassHouse ahead of float
Citrix has backed the IT consulting company with another investment as it approaches a float. The company also owes US computer company Dell roughly $38.5m in borrowings.
Novo-backed Amira sells for up to $475m
Amira has had at least $40m in venture backing since it was founded in 2005.
Hearst finds interesting Diversion
The online gaming company has attracted backing from investors with a wide range of media experience for its series B round.
Coke-backed Eco Plastics bottles £24m
Coca-Cola Enterprises, the US-based drinks multinational, has helped UK-based plastic recycling company Eco Plastics raise £24m ($39m) in financing. Coca-Cola invested £5m, was joined by Ludgate Environmental Fund, which invested the same amount. The remainder was raised through debt, with UK-based bank Close Brothers acting as a financier. The funds would help Eco Plastics double… Continue reading Coke-backed Eco Plastics bottles £24m
DST books its space in Airbnb
The Russian venture firm is one of three big backers of the home renting company’s latest round, which has rung up a reported $1.3bn valuation.
Weiskam sets up SAP Ventures in UK
Andreas Weiskam, a managing director at SAP Ventures’ California office, has moved to the UK for at least a temporary basis to provide better balance in personnel between Europe and the US and that London was the “natural choice to be based”, he said.
Nvelo hits the right Cadence
Sanjay Srivastava, general partner at SKS Capital and senior vice-president of research and development at Cadence Design Systems, said: “This new capital will enable Nvelo to accelerate the development of new and disruptive products for both the client and server markets.”
Chevron backs LS9’s research
As well as Chevron Technology Ventures, LS9 is backed by venture capital firms Flagship Ventures, Khosla Ventures and Lightspeed Venture Partners and mutual fund manager BlackRock.