The biofuel company has brought its series C round a year ahead of schedule with energy companies BP, General Electric and ConocoPhillips joining J.F. Shea and Google in financing the round.
Month: December 2011
Shanghai ventures into the future
Shanghai International Group (SIG), the investment fund run by the Shanghai Municipal Government, has raised RMB7bn ($1.1bn) for a new investment fund, according to Chinese finance newspaper Shanghai Securities News. Of the CNY7bn figure, CNY5bn has been raised from a combination of institutional investors, including backers from Europe and the US, and state-owned enterprises. The… Continue reading Shanghai ventures into the future
2012’s design issues
Incubation is the next innovation.
Apigee reaches new funding peak
The SAP and Juniper-backed computer interface technology firm raises $7m in a series E round that brings its total funding past the $65m mark.
$2.7m invested in Just.me
The social networking start-up, still in stealth mode, has gained $2.7m to add to a seed round supported by Google and Crunchfund.
Saebi leaves post for phones
Payman Saebi, general manager of ventures at UK-based logistics company Royal Mail Group, has left to work at local phone operator BT as head of strategy.
Riverbed looks to Expand
Expand Networks, which went into receivership in October, is set to be acquired by its network optimisation rival Riverbed Technology for a reported $10m.
Call Genie conjures with VoodooVox
Disney and Softbank-backed mobile advertising network VoodooVox is being acquired by Call Genie, with Call Genie stock making up the bulk of the payment.
STC’s venturing fund gets Islamic support
STC Ventures the corporate venturing fund set up by Saudi Arabia-based telecommunications company Saudi Telecom (STC), was praised on Wednesday by a delegation from the Islamic International Foundation for Economics and Financing. The $50m fund was launched on 21st November in conjunction with growth management firm Iris Capital, and will invest in small and medium… Continue reading STC’s venturing fund gets Islamic support
Cyan Optics colours in an extra $10m
The software support system developer, which has previously seen investment from Juniper, takes its total funding to nearly $100m after a series F round.
SpaceCurve reaches for the stars
The data analysis software company has raised $1.5m from backers including Reed Elsevier.
Merck tests the waters with Daktari
The pharmaceutical corporation leads a $10m funding round for Daktari Diagnostics, which develops HIV testing equipment for use in developing countries.
Shire shoulder to shoulder with Atlas
Shire’s Human Genetic Therapies unit will work with Atlas’ staff in a similar way to the partnership struck between the VC firm and crops company Monsanto for life sciences companies in April.
Allozyne ends Poniard merger
The two companies “mutually agreed to terminate” the merger deal they reached in June that would have seen Allozyne shareholders have 65% of the combined entity.