International Data Group reportedly takes stakes in Secoo.com and iMedia.
Month: July 2011
Dell blows over Force10 with $700m
Dell acquires the company which was heading for a listing, that had excluded its largest shareholder Advanced Equities from an advisory role due to regulations defining this as a conflict of interest.
GE Equity India recruits Anand Trivedi
Anand Trivedi is reportedly moving to GE Equity in India from Japan’s Shinsei Bank.
Twitter towards $800m round
The funding round is expected to give Twitter an $8bn valuation.
Intel’s Thomas moves to Latin America
David Thomas, an Intel Capital veteran, has moved back to a Latin American role he left 18 months ago.
Novartis maps Atlas’ future
Novartis Venture Funds, the corporate venturing unit of Switzerland-based pharmaceutical conglomerate Novartis, has led UK-based medical diagnostics company Atlas Genetics’ £16.9m ($27.6m) series B round. The money will be drawn down over a three year period and was co-led by UK-based medical devices company Consort Medical. Other corporate venturing units taking part were Johnson &… Continue reading Novartis maps Atlas’ future
GE and Bergquist follow light to Nuventix
GE Energy Financial Services, the corporate venturing unit of US-based energy conglomerate General Electric, and US-based thermal management and touch screen firm Bergquist Company have invested in the latest round of financing for thermal management company Nuventix. The round closed at $10m. GE and Bergquist were joined in the round by existing investors, venture capital… Continue reading GE and Bergquist follow light to Nuventix
Total-elevated biofuels company nets $50m
Fresh from raising $100m in December, Elevance has netted another $50m from undisclosed investors.
Scott Levine joins Time Warner
Levine previously worked at MyYearbook.com, Sony Music, and General Atlantic.
Blackberry Partners Fund victim of fraud
People are being contacted by fraudsters in the name of the Blackberry Partners Fund and being asked for many of their private details.
Dow Chemical detects NanoMR potential
The medical diagnostics company has secured a second round of funding, totalling $13m, and Dow Chemical is among the backers.
IDG advertises Vserv deal
IDG Ventures India, part of the global network of corporate venturing funds operating under the International Data Group banner, has invested $3m in series A funding in the India-based mobile advertising company Vserv. Founded last year, Vserv operates a mobile application-based advertising network which focuses on emerging markets. Vserv claims the equity represents the first… Continue reading IDG advertises Vserv deal
MedImmune-backed Inotek raises $23.6m
The eye disease treatment company, backed by the biotech corporate venturing division of AstraZeneca, takes total funds raised to an estimated $169.6m.
J&J leads $58m round
Johnson & Johnson has joined Mayo Clinic in backing neurological pain relief company Nevro, taking the total raised by the company since inception to $105m.