US-based video surveillance technology company VideoIQ secured $7.5m in series C funding on Monday as consumer electronics conglomerate Cisco joined existing backers in investing. The other investors in the round were venture capital firms Atlas Venture, Matrix Partners and Tenaya Capital. VideoIQ obtained $6m in funding in January 2010 with Tenaya making its investment under… Continue reading VideoIQ takes intelligent route to funding
Month: September 2011
Orphazyme proves clinical in securing capital
Denmark-based biopharmaceutical company Orphazyme closed its series A round of funding on the 7th of September, raising €14m ($19.2m). The round was funded by Novo Ventures, the corporate venturing unit of Denmark-based healthcare company Novo, and venture capital firms Aescap Ventures and Sunstone Capital. Novo A/S acts as the holding company for its parent corporation,… Continue reading Orphazyme proves clinical in securing capital
Intel buys stake in Dealmates
Malaysia-based group buying website Dealmates received an undisclosed amount of investment from Intel Capital on Thursday, subject to the completion of closing conditions. The investment marks the first significant outside funding obtained by Dealmates since it was founded in January. Founded as a joint venture between Asia-based investment group Catcha and online marketing company Mind… Continue reading Intel buys stake in Dealmates
Syngenta to brighten Illumitex’s future
US-base light-emitting diode (LED) product developer Illumitex entered into a strategic agreement with Switzerland-based agribusiness corporation Syngenta last week. Syngenta Ventures, the corporate venturing division of Syngenta, will contribute to Illumitex’s latest round of funding as part of the agreement. The news followed a strategic alliance agreement Illumitex signed with the Australia-based Gerard Lighting Group… Continue reading Syngenta to brighten Illumitex’s future
Moody’s credits Chinascope with potential
US-based analytics and credit rating firm the Moody’s Corporation acquired a 16.7% stake in China-based research platform ChinaScope Financial yesterday for an undisclosed sum. Founded in January 2011, ChinaScope provides an English language online platform which provides China-related information for financial and analytical organisations. ChinaScope is planning to invest the equity in expand its content,… Continue reading Moody’s credits Chinascope with potential
Covidien adds greater depth to SuperDimension
US and Israel-based medical device company SuperDimension yesterday closed its series B round with $11m of investment from US-based healthcare provider Covidien Ventures, and undisclosed existing investors. SuperDimension’s last round of funding raised $9.8m, in July 2010, from backers including investment firm OrbiMed Advisors, and venture capital firms Oxford Biosciences Partners, Pitango Venture Capital and… Continue reading Covidien adds greater depth to SuperDimension
Pixel Qi reflects promise for 3M New Ventures
The developer of next generation LCD screens has attracted series B funding from 3M New Ventures, recent winner of an award for innovation in corporate venturing.
Valeritas backers dose up $150m
Buyout firm Welsh Carson takes control of the diabetes treatment company as part of the C round.
Intel bets $24m on lucky seven
The semiconductor conglomerate invests in a mix of old and new companies.
IQT makes space for Power Assure
In-Q-Tel (IQT), the venture capital firm funded by the US Central Intelligence Agency, signed a strategic investment and development agreement with the US-based data management company Power Assure on Wednesday. The amount of investment was undosclosed. Power Assure’s last round of funding, which raised $1.5m in September 2010, included investment by Switzerland-based power and automation… Continue reading IQT makes space for Power Assure
Cisco answers RingCentral’s call
US-based computing equipment conglomerate Cisco has invested in US-based cloud phone service RingCentral, as part of RingCentral’s $10m series D round, which closed on Thursday. Other participants in the round, which was led by Scale Venture Partners, included fellow venture capital firms Sequoia Capital, Khosla Ventures and DAG Ventures, as well as the Silicon Valley… Continue reading Cisco answers RingCentral’s call
Aeroplan signs Cardlytics loyalty oath
The consumer loyalty company, which is backed by energy company ITC Holdings, has entered into a strategic alliance with the multinational Aeroplan, while securing a further round of funding.
Mydeco tidies up funding with eVenture
The Hubert Burda-backed online retailer has reportedly raised additional funding.
Myriad reaches Crescendo Bioscience
As part of its $25m in non-dilutive debt, Myriad has a three-year option to acquire Crescendo Bioscience for a predetermined multiple of revenue based on its current growth rate.