Google and IDG-backed on-line media company Xunlei cancels float due to choppy markets after delaying the listing in July.
Month: October 2011
Investing In Resource Recovery, October 28th
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Astellas backs $42m Cleave
US-based pharmaceutical startup Cleave Biosciences secured $42m of series A funding on Tuesday from investors including Astellas Venture Management, the corporate venturing division of Japan-based pharmaceutical corporation Astellas. Also participating were venture capital firms US Venture Partners, 5AM Ventures and Clarus Ventures, and investment firm OrbiMed Advisors. Cleave was set up to discover cancer treatments… Continue reading Astellas backs $42m Cleave
GE, Greenko blow $115m into Indian wind
An energy arm of GE and Greenko are collaborating on a $115m project to launch a range of wind energy projects in India.
Pearson gravitates to $33m Knewton
Pearson helps takes the total raised by the US-based education technology company to $54m across four rounds.
eShakti a custom fit for IDG Ventures
IDG Ventures India has funded custom fashion retailer eShakti to the tune of $3m.
Mitsui leads Prudent Energy to $29.5m
Battery energy storage company Prudent Energy takes its total raised since mid 2010 to $61.5m, lining up a large consortium of Asian and US venture firms after it picked up the assets of Canada-listed VRB Energy in 2009.
T-Venture backs Cost-Xpert
Corporate venturing unit T-Venture backs the cost estimating company, which was founded six years ago, which acquired an established US company in its sector.
Intel plots second India fund
Intel Capital is reportedly considering raising a second India fund, six years after it raised its debut fund.
DNA Nexus sequences $15m with Google
Krishna Neshwant, a Google Ventures partner who is joining the DNA cloud computing company’s board, says he is compelled by the company’s vision of “revolutionising bioinformatics”.
Matrixx reloads for series B round
The monetisation software specialist has pulled in $12m of series B funding from investors including Innovacom, a venture fund partially-owned by France Telecom.
Intel helps Aternity raise $13m
US-based enterprise software company Aternity closed a $13m series D round of funding yesterday, led by Investor Growth Capital (IGC), a venture capital firm backed by Sweden-based industrial holding company Investor AB. The round also saw participation from Aternity’s existing investors, the corporate venturing unit Intel Capital, Israel-based holding company Clal Industries and Investments, and… Continue reading Intel helps Aternity raise $13m
Box.net – founded in a garage, raises $81m
Box.net, a US-based cloud company initially funded from a garage on $8000 of poker winnings, gets corporate backing to take it to a reported $600m valuation, after being founded in 2005. Its chief executive is Aaron Levie (pictured).
Innovacom, Motorola Mobility ring up exit
The pair of corporate venturing units are set to net some of the proceeds from the up to $90m sale of mobile cloud company DeviceAnywhere.