According to newswire Reuters, Abril Educacao will use Livemocha to set up an English learning platform for Brazil’s emerging middle class.
Month: September 2011
Physic partners with Edelman
The program, which launches this month, will select Fellows from Edelman’s team of more than 100 in San Francisco, with Debra Jack (pictured), executive vice president at Edelman and head of the San Francisco office’s corporate, CSR and crisis communications practices, as the first Physic Fellow.
Legend drinks to Qianlongzui Liquor
News provider Investors said Legend could pay RMB1bn (S150m) for a 34% stake.
Nancy Stagliano joins iPierian
Peter Van Vlasselaer, will become executive chairman of iPierian after he replaced former CEO Michael Venuti, after the latter’s brief tenure, in May.
Goldman chews on AFS
This capital will be used to buy out existing investors, Argentum Capital Partners, Garvin Hill Partners (previously CIBC Capital), Ticonderoga Capital and Merion Investment Partners, and finance several strategic acquisitions, including Answers and Synectics Group.
Celladon tops up gene pool
Celladon has previously raised $61m in its first three rounds of funding, Xconomy said.
Vostu buys MP Game Studio
In February, Intel Capital-backed Vostu, a Spanish-language social networking and gaming site focused on Brazil, raised $30m in its series C round, according to a report by news provider New York Times.
Sanlam takes a quarter of Shririam
South Africa-based insurer Sanlam has acquired 26% of Indian peer Shriram Capital for INR20bn ($430m).
GI Dynamics fattens with IPO
The company floated in Australia rather than the US as its EndoBarrier product for type II diabetes has regulatory approval in the country but has yet to be passed by America’s.
Miso Media ready for $2.4m
News provider TechCrunch said the round would be led by Mind Fund (based in Hong Kong), with participation from Aria Ventures, Detroit Ventures Partners.
5173 readies flotation number
US-based publisher International Data Group through its Chinese corporate venturing unit previously invested RMB5m ($) in 5173 in December 2006, while the portfolio company’s other investors include venture capital firm Walden, according to news provider China Business News, citing a company filing for its initial public offering.
Seedcamp pitches funding tent
Seedcamp, a UK-based fund and competition for technology start-ups in Europe, has raised €2m ($2.6m) for its second fund from limited partners including the corporate venturing units of publishers Reed Elsevier and Bertelsmann. The latest capital raising effort follows €3m in commitments last year to the second fund and Seedcamp typically take 8% to 10%… Continue reading Seedcamp pitches funding tent
Tremor shakes on $37m E round
Secondaries venture capital firm W Capital Partners led the round, which included Time Warner Investments and SAP Ventures, and took Tremor’s total to $115m.
Gruenderfonds backs three
Germany-based High-Tech Gründerfonds (HTGF) has agreed three more delas in the past week ahead of next month’s close of its second corporate and state-backed seed-stage investment fund. HTGF provided an undisclosed amount in the single-digit million euro range for 1000jobboersen.de, alongside venture firms Neuhaus Partners and Hamburg FOR Mobile; invested alongside a private investor in… Continue reading Gruenderfonds backs three