The India-based online education company, funded by Intel, has spun off two online properties and is searching for buyers.
Month: November 2011
MedImmune Ventures bumps up funds by $100m
Biopharma company AstraZeneca has increased the capital in its corporate venturing fund to $400m, as it invests in life sciences company NeuProtect.
Game Ventures plays to win
The sports game developer closed a $600,000 funding round with participation from investors including the Singapore government-backed Infocomm.
Deutsche Telekom lights the way to Skorpios
Deutsche Telekom has joined fellow telecommunications firms Ericsson and Nokia Siemens in backing optics specialist Skorpios Technologies.
Gruenderfonds’ stake in Terrawater flows to Taprogge
High-Tech Gruenderfonds, the venture capital firm backed by the German government and a host of Germany-based corporations, exited water filtration technology company Terrawater yesterday, selling its stake to Taprogge Esaco, a holding company for Germany-based clean technology firm Taprogge. High-Tech Gruenderfonds contributed to a €600,000 ($420,000) seed round for Terrawater in September 2007, while Taprogge… Continue reading Gruenderfonds’ stake in Terrawater flows to Taprogge
Nature invests in Relay
Macmillan-owned Nature Publishing Group is to invest in Relay Technology Management, US-based software developers for the biotechnology and pharmaceutical industry.
Sham backs Cytoo for real
The life sciences technology company has taken its funding past the $15m mark with mutual insurance firm Sham co-leading the round.
Dr Falk diagnoses deal with Zedira
Biopharmaceutical company Zedira has followed up funding from High-Tech Gruenderfonds and R-Biopharm by licensing development of its celiac disease treatment to Dr Falk.
AT&T, Juniper and Akamai face off for Cotendo
Juniper Networks-backed content delivery company Cotendo is reportedly about to be acquired, with rival Akamai facing competition from AT&T and Juniper as potential buyers.
6Wunderkinder goes Atomico
Germany-based mobile application (app) developer 6Wunderkinder secured $4.2m in funding on Wednesday last week from Atomico, the venture capital firm set up by Kazaa and Skype co-founder Niklas Zennstrӧm. 6Wunderkinder secured €500,000 ($665,000) of seed funding in December last year from corporate-backed venture capital firm High Tech Gründerfonds. This was followed by a further, undisclosed… Continue reading 6Wunderkinder goes Atomico
St Ives moves forward with Evolved
The Evolved Group has picked up investment from St Ives, which has acquired a 15.8% stake in the e-book conversion software developer.
Google seeks big return from Pocket Change
The mobile application monetisation platform has changed its name from Lunch Money, and picked up $1m in seed funding from investors including Google Ventures.
Intel, Nokia take Dealsandyou to $17m round
Intel Capital and Nokia Growth Partners join Swiss-based daily deals company Group Buying Global in backing the Indian discount website.
Clovis raises $130m from IPO
The cancer research company raised $130m from its initial public offering.