The chief executive of Chesapeake Energy details his company’s plan to invest more than $1bn in corporate venturing projects designed to stimulate the demand for natural gas.
Month: July 2011
SoCal Gas heats up Tecogen
The gas provider joins about 100 investors in the natural gas technology products company.
LBBW invests in Crealytics
The Germany-based search engine company, already backed by bank venture arm Chancenkapital Biberach, has attracted another bank-backed corporate venture unit in LBBW.
Gaming company plays with $10m fund
Social gaming company CrowdStar sets up its own seed fund, after it secured backing from Intel Capital, Time Warner and The9.
Medtronic sees PowerVision to $24m
Medtronic, Venrock and others help take PowerVision to at least $53m raised in its history.
Steamboat helps merge two mobile companies
Disney’s Steamboat Ventures has backed one of the analytic companies, Ground Truth, since its series A round.
Tencent buys HK$892m Kingsoft stake
Tencent has bought a 15.68% stake in Hong Kong-listed software company Kingsoft for HK$892m ($114.4m).
Ubisoft rides away with Innovacom-backed Owlient
The chief executive of Owlient, which makes horse riding games, thanked his backers at France Telecom venturing unit Innovacom for its support as a shareholder.
Theo Mueller drinks to Chinese milk
Mueller Milch has joined Olympus Capital Holdings Asia and California Technology Ventures backing Huaxia Dairy in a $45m funding round.
BMW drives into second deal
The company’s corporate venturing unit invests in its second deal, ParkatmyHouse, after it was set up this year with up to $100m to invest.
OpenX hires Vincent Pelillo
Pelillo was previously at phone operator Orange-France Telecom Group, latterly as head of networks and advertising exchange, and internet services provider AOL.
NeuroSearch sells Sophion Bioscience
Biolin Scientific, a Sweden based peer backed by private equity firm Ratos, has acquired the Sophion stake from NeuroSeach for an undisclosed amount.
NTT finds OpSource in cloud
NTT is using its Dimension Data subsidiary to acquire OpSource from its corporate venturing group in order to create a Cloud Solutions Business Unit.
Novo reinvests in Vantia
Denmark-based medical foundation Novo has used its quasi-corporate venturing unit to co-lead the £4m ($6.5m) series B round for Vantia Therapeutics, a UK-based drugs company. Venture capital (VC) firm SV Life Sciences also co-led the B round, which included VC peer MVM Life Science Partners and all existing investors in Vantia. MVM, SV and Novo… Continue reading Novo reinvests in Vantia