Right Hemisphere will become the latest acquisition by SAP, which has been backing the 3-D software company since 2007 through its corporate venturing unit.
Month: September 2011
TrueCar fills up with $200m
TrueCar raised the large round with a large syndicate of corporate and financial investors.
Merck Serono wishes F-Star on to €492m
F-Star, previously backed by Merck Serono Ventures, signed a deal with the corporate venturing unit’s Germany-based parent, Merck Serono, yesterday to collaborate on the discovery and development of treatments for inflammatory disease. The tie-up could be worth more than €492m ($691.4m) to F-Star if it meets certain milestones, and it would also be eligible for… Continue reading Merck Serono wishes F-Star on to €492m
Baxter launches $200m fund
Baxter Ventures will report into Norbert Riedel, Baxter’s chief scientific officer.
Vorwerk shops for a bargain with Pauldirekt
Pauldirekt has obtained funding as it looks to expand its customer base.
Eckstein to lead SR One
Eckstein, a venture partner and entrepreneur-in-residence at Germany-based venture capital firm TVM Capital, will report to GSK’s research and development chairman Moncef Slaoui and be based in Boston, US.
Harvest gathers up Coastal Supply
The renewable energy company acquires competitor Coastal Supply, after obtaining an extra $1.3m in funding four days before.
MTPV applies for further funding
US-based clean energy semiconductor developer MTPV closed its initial series B funding round yesterday at $6.5m, with a view to raising a further $2m in the round. Among the investors was Applied Ventures, the corporate venturing division of US-based semiconductor component manufacturer Applied Materials. Publicly funded agency The Massachusetts Clean Energy Center and venture capital… Continue reading MTPV applies for further funding
Groupon postpones initial public offering
Groupon reportedly shelves roadshow for flotation expected to value it at $20bn.
Clean Power attracts Google financing
Google Ventures, together with venture capital firm Kleiner Perkins Caufield Byers, has invested $19m in US-based clean technology software company Clean Power Finance. The investment was made on the 1st of September. Together with funding raised from venture capital (VC) firm Claremont Creek Ventures, and VC funds Clean Pacific Ventures and Sand Hill Angels, in… Continue reading Clean Power attracts Google financing
General Compression squeezes funding from investors
General Compression, which counts energy companies Duke and ConocoPhillips among its backers, has attracted more funding to take its series B round to $60m.
Failed Solyndra owes $783.8m
Solyndra bankruptcy protection filing comes after failure to secure bridge financing from the US Department of Energy and other backers in late August.
Chevron, Solon-backed Nimbus exits to Tibco
Business software company Nimbus sells to Tibco, after it was backed by Chevron and Solon in 2009.
Bosch helps Ident raise €7.1m
Robert Bosch Venture Capital (RBVC), the corporate venturing unit of the Germany-based consumer technology and automotive parts conglomerate, on Monday helped Germany-based near-field communication company Ident raise €7.1m ($10m). The round was joined by Danube Equity, the Austria-based corporate venturing unit formed by the steel corporation Voestalpine and the 3-Banken Group, a fund belonging to… Continue reading Bosch helps Ident raise €7.1m