21Net, a Belgium-based supplier of broadband internet services to railway companies, has raised £6.5m ($10m) from a consortium led by Innovacom, the corporate venturing unit of phone operator France Telecom. Additional funds were provided by private equity firm BIP Investment Partners as well as other existing shareholders. Vincent Deltrieu, partner at Innovacom, which manages €400m,… Continue reading Innovacom rides 21Net train
Month: August 2011
Innovacom locates Insiteo deal
Insiteo, a France-based company to help find people indoors, has raised €3.5m ($5m) in its second round with Innovacom, the corporate venturing unit of phone operator France Telecom, providing €2m. Also in the round were venture capital firms Creathor Venture and Emertec, which had participated in the initial financing round.
Innovacom adds value for Intersec
Innovacom, the corporate venturing unit of phone operator France Telecom, has led the €4m ($6m) round for Intersec, a France-based software provider of value-added services platforms for mobile operators. Alongside Innovacom in the round was CM-CIC Capital Innovation. Denis Champenois, managing director of Innovacom, said: "We are happy to be accompanied by CM-CIC Capital Innovation… Continue reading Innovacom adds value for Intersec
Heico buys 3D Plus
Innovacom, the corporate venturing unit of phone operator France Telecom, and Thales Corporate Ventures (with a previously reported 15% holding) are among the owners of 3D Plus.
Sustainable Innovation backs fund
A number of corporations are reportedly indirectly supporting the launch of the Sustainable Growth Capital (SGC) clean-tech venture capital fund. Pehr Gyllenhammar (pictured), former chief executive of car maker Volvo, is chairman of the fund, which is trying to raise SKr1bn ($130m), according to news provider Dagens Industri. Sustainable Innovation, a Sweden-based organization backed by… Continue reading Sustainable Innovation backs fund
T-Venture provides Veliq with capital boost
T-Venture, the venture capital division of Germany-based telecommunications company Deutsche Telekom, has invested in Netherlands-based mobile devices management company Veliq. The amount invested was undisclosed but was described in a T-Venture press release as ‘several million euros’. Veliq is the second Netherlands-based company T-Venture haw funded, after acquiring a minority stake in medical database provider… Continue reading T-Venture provides Veliq with capital boost
Google backs WhaleShark Media
Google Ventures’ Karim Faris said WhaleShark Media had the key characteristics the firm looks for in deals – it maps community growth and addresses “a pervasive market need”.
Acton Capital backs Bueroservice24
The Hubert Burda-backed investor joins Germany-based business network company Wolfman Holding as a backer of the virtual office provider.
Intel-backed Yatra.com buys MagicRooms
The acquisition follows Yatra.com raising R200 crore ($45m) in April.
Gen-Probe backs spin-out’s $20m round
US-based diagnostics company Gen-Probe has backed the $20m series C venture funding raised by Roka Bioscience, which was a spin-off from the diagnostics company in 2009.
Dell ducks Nextio E round
The latest reported funding would take Nextio to $61.5m raised in its eight year history.
Argos eyes $86m float
Argos, which has raised $88.9m from venture investments since 1997, is due to list on Nasdaq.
DST invests $400m in Twitter
Digital Sky Technologies reportedly takes Twitter to $8bn valuation with large cheque.
Novartis-backed Viamet given government boost
The pharmaceuticals firm, backed by industry giants Novartis, Eli Lilly and Astellas, will receive further funding from the US government to jointly develop one of its compounds.