US-based ecommerce platform Rearden Commerce secured $133m in financing from existing investors JP Morgan Chase and American Express, and new investor Citi, on Wednesday. Part of the funding will be invested in the acquisition of US-based social buying service HomeRun. Rearden raised $40m of series F funding, in September 2009, from venture capital firm Oak… Continue reading Rearden gets backing from financial big guns
Month: September 2011
Citi Ventures heads for Silver Tail
Citi Ventures, the corporate venturing division of the US-based financial services corporation Citigroup, joined the participants in cybersecurity company Silver Tail Systems’ series B round yesterday. The amount invested by Citi was undisclosed but the funding was made as part of Silver Tail’s first tranche of series B funding, which raised about $20m from investors also including Andreessen… Continue reading Citi Ventures heads for Silver Tail
AdChemy changes search engine technology to gold
The search engine advertising company has secured $61m in funding, and has signed an agreement with Microsoft to develop search engine-related advertising technology.
Coda motors to oversubscribed round
The electric battery and vehicle developer has secured $147m for its series D round, as it prepares to put its sedan model into production.
Samsung backs Novaled
Samsung Venture Investment Company, the corporate venturing unit of the eponymous South Korea-based conglomerate, is understood to be the sole investor in the €8.25m ($11m) round for Novaled, a Germany-based organic light-emitting diode (OLED) maker. Samsung Ventures joins the portfolio company’s other investors, which in April had included venture capital firms ECapital, Crédit Agricole Private… Continue reading Samsung backs Novaled
Adaptivity gets used to Intel investment
Adaptivity has followed up its $10m series A round with further funding from backers including corporate venturing unit Intel Capital.
FX Alliance files for $100m IPO
The currency trading platform is backed by 10 banking groups and financial services firms, some of which will be acting as book-running managers for the IPO.
TrustYou has faith repaid in cash
The social media monitoring service has pulled in series A funding from Credit Agricole at the same time as it acquires American competitor ReviewAnalyst.
ArcSoft pulls in $20m from Intel and Tudor
ArcSoft, the US-based software and application developer, secured $20m of funding from corporate venturing unit Intel Capital and Tudor Ventures, the venture capital division of investment firm Tudor Investments, on Monday. Tudor had previously exited most of its venture investments after the credit crunch struck in mid-2007. Mooly Eden, vice president of Intel’s PC Client… Continue reading ArcSoft pulls in $20m from Intel and Tudor
Tokai gets the Novartis treatment
Pharmaceutical corporation Novartis joins founder Apple Tree Partners in funding Tokai, developer of an anti-prostate cancer drug.
HelioVolt absorbs new round of capital from SK
The South Korean conglomerate has funded HelioVolt to the tune of $50m, with a view to expanding the firms activities on a global basis.
Sina views a good option in Tudou
China-based online media company Sina Corp acquired a 9% stake in China-based video streaming website Tudou for a reported $66.4m, in August, according to a filing with the US Securities and Exchanges Commission. The first part of the acquisition was made at the time of Tudou’s initial public offering on August 17 as Sina bought… Continue reading Sina views a good option in Tudou
Incuron receives Skolkovo grant money
The Russian government, through its Skolkovo initiative, has given $5m in grant money to the firm to carry on its oncological research.
Google finds its DailyDeal
DailyDeal has become the second deal-a-day site acquired by Google in as many months, as it seeks to expand its own service.