Fidelity’s Moonray Investors and Arm have backed the smart grid company, with Moonray buying out previous seed investors.
Month: July 2011
Intel backs $10m Virtustream round
The corporate venturing unit of chip maker Intel has backed US-based cloud computing provider Virtustream’s $10m round. Intel Capital joined other existing investors in the round, including venture capital funds Columbia Capital and Noro-Moseley Partners, and TD Funds, the mutual funds division of Canada-based investment firm TD Asset Management. These investors as well as venture… Continue reading Intel backs $10m Virtustream round
Personnel links between firms increase
As the venture industry continues to mature and more firms graduate as successful businesses from being a portfolio company and then set up a corporate venturing unit it could be these ties are the next generation of networking connections rather than MBA university among investment managers.
Schmitt sets up JoltTech
Schmitt worked at Sofinnova for nearly a decade and was promoted to the top rank in 2005 but late last month said on his LinkedIn page he had set up JoltTech Capital as a private equity investment firm targeting technology companies in Europe.
Borgstädt heads BDMI in Europe
Germany-based media group Bertelsmann has promoted Jan Borgstädt (pictured) to head of Europe for its local corporate venturing unit. The Bertelsmann Digital Media Investments (BDMI) unit has also committed to its third seed-stage investment fund managed by third parties and been expanding its separate Asian corporate venturing operation. On his LinkedIn page, Borgstädt said he… Continue reading Borgstädt heads BDMI in Europe
Corporates back seed fund
High-Tech Gründerfonds, a €272m ($370m) German state-backed fund supported by industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss, is preparing to close its second seed fund after the summer as policymakers concentrate on helping smaller businesses. Alexander von Frankenberg, managing director of High-Tech Gründerfonds, at the European Venture Club conference in… Continue reading Corporates back seed fund
Second quarter corporate statistics
Exits and investments compete with about $5bn announced on both sides of corporate venturing dealmaking between April and end-June, according to Global Corporate Venturing.
Elefant joins Intel Capital’s herd
Intel Capital has hired one of the founding partners of US venture capital firm Opus Capital.
Amazon reads good things in ParAccel
Amazon’s investment alongside others reportedly takes the total raised by its portfolio company ParAccel to $73m since 2005.
Blackstone joins Intel at Fino
Blackstone and Intel have partnered to back a microfinance technology company, which also counts HSBC Private Equity Asia among its investors.
IDG Capital backs App Annie
IDG’s Xiaojun Li said it had backed the 16-month old company because it has “a vision” supported by the “tectonic changes” in the software industry.
Valens rounds up Asian corporates
Taiwan’s Pegatron and Mitsui jump onboard for the latest funding round, joining a host of venture capital firms in backing the multimedia chip specialist.
PayScale reaps $7m in benefits
SAP Ventures led a second successive round of financing for the online pay index, with the latest round taking PayScale to about $31m raised so far.
Most influential IT firms 2011
The annual ranking by Global Corporate Venturing of the most influential groups in the technology sector