Solyndra’s collapse and Eckstein’s shift from venture capital to corporate venturer heralds the times.
Month: September 2011
Sanghi leaves Motorola for Amex
Previously managing director of North American venture activities for Motorola Mobility for six years, Sanghi will lead Amex’s Enterprise Growth Group’s new office in Silicon Valley, California, US, which is expected to open later this year.
Kingston, Foxconn back Fuhu
Foxconn and Kingston become the latest corporate backers of Fuhu, developer of a web 2.0 application for children.
GE helps Project Frog ribbit $22m
GE Energy Financial Services, the corporate venturing unit of energy conglomerate General Electric, led a $22m funding round for the US-based eco-construction company Project Frog on Wednesday. In June, GE named Project Frog as one of the 10 home energy companies it planned to invest in as part of GE’s ecomagination Challenge. Although specific figures… Continue reading GE helps Project Frog ribbit $22m
In-Q-Tel helps Platfora raise $5.7m
US-based data software company Platfora secured $5.7m of series A funding yesterday, from In-Q-Tel (IQT), the venture capital firm backed by the US Central Intelligence Agency (CIA) and venture capital firm Andreesen Horowitz. IQT works as a strategic rather than profit-focused entity, investing in start-ups based around software, infrastructure or material sciences so the CIA… Continue reading In-Q-Tel helps Platfora raise $5.7m
Carlyle, IDG in $25m Happiest Minds chase
US-based global asset management firm The Carlyle Group and private equity multinational IDG Ventures are reportedly among the investors looking to finance Indian businessman Ashok Soota’s new India-based venture, Happiest Minds, according to the Indian newspaper Business Standard. The amount is reported to be as high as $25m. IDG Ventures’ India subsidiary has been marked… Continue reading Carlyle, IDG in $25m Happiest Minds chase
BlueArc snubs IPO for Hitachi
BlueArc, which was slated to raise $100m in a float, sells to Hitachi, at a valuation reportedly approaching $600m.
360buy, Lashou chase US IPOs
360buy and Lashou are reportedly eyeing initial public offering after securing big venture funding rounds this year.
IDG backs MJ’s creation
The Vietnam corporate venturing unit of the US publisher was joined by Germany-based e-commerce investor Rebate Networks and Russian peer Ru-net backing the Vietnam-based retailer.
Rakuten travels to Russia’s Ozon
The $100m deal for Ozon is the largest private investment in an electronic business in Russia.
Investors pour Punchbowl more cash
The Intel-backed party planning website has raised an extra tranche of financing from unnamed backers.
Theraclone fiercely seeks funding
The Amgen-backed biotech company, which has signed a lucrative research deal with Pfizer, is now looking to complement it with venture financing.
Google shouts Echoecho to $750,000
The corporate venturing unit of US-based technology company Google seals its latest in a busy run of seed deals, backing a company launched last month which was looking for angel funding.
Intel: very important investor at VIPStore
China-based retail website VIPStore.com closed a series D funding round worth more than $20m yesterday, featuring Intel Capital among others, according to business and finance website China Knowledge. Also participating were China-based venture capital (VC) firms GSR Ventures and EZ Capital. VIPStore’s series C round fetched more than in $10m in January, and was led… Continue reading Intel: very important investor at VIPStore