Embedded wireless (wi-fi) internet company GainSpan secured $18m in series C finacing on Monday from investors including semiconductor maker Intel’s corporate venturing unit, Intel Capital, and In-Q-Tel, the venturing unit funded by the US intelligence community. The round was co-led by venture capital (VC) firms Hatteras Venture Partners and Mobile Internet Capital, with participation from… Continue reading GainSpan makes $18m connection
Month: December 2011
Gehry Technologies builds for the future
The building technology company co-founded by Frank Gehry has raised $10m in series B financing with involvement from 3D design software firms.
Aptera sheds a tear as it powers down
Google.org-backed US-based electric car developer Aptera is closing down operations due to an inability to raise funds from private investors, chief executive officer Paul Wilbur announced in an e-mail Thursday last week. Aptera secured $24m in a 2008 series C round, garnering part of a $2.75m investment from Google under philanthropic unit Google.org’s RechargeIt initiative,… Continue reading Aptera sheds a tear as it powers down
LivingSocial raises $176m
The daily deals company is chasing a $400m round, its filing says, and the round gives it a reported valuation of $6bn.
Fab $40m round
Fab.com, previously backed by US news provider Washington Post, raises $40m only five months after it reportedly raised $8m in its Series B.
Innovacom invests $3.3m in IS2T
Innovacom is investing $3.3m in the software editing company, which is looking to expand its activities.
Fidelity-backed Curam sells to IBM
Computing conglomerate IBM acquired Ireland-based social programme software developer Cúram Software on Monday for an undisclosed amount, with the central goal of expanding its Smarter Cities project. Fidelity Growth Partners said on its website it backed Curam when it had completed the first version of its product The deal follows the opening of an IBM… Continue reading Fidelity-backed Curam sells to IBM
Mitie goes straight to Direct Enquiries
The disability consultants have received an investment from Mitie’s corporate venturing unit which could potentially rise to $13m, in return for a majority stake.
GSS Infotech computing $75m round
The IT services company, backed by several financial firms, is seeking $75m.
Roundy’s circles IPO
US-based supermarket chain Roundy’s filed with the US Securities & Exchanges Commission on Monday for an initial public offering (IPO), set to raise up to $230m. Founded in 1872, Roundy’s was acquired and taken private by private equity firm Willis Stein & Partners in 2002. Roundy’s currently operates 158 grocery stores across the American Midwest… Continue reading Roundy’s circles IPO
Silver Ridge, Huatai launch $500m fund
Warrants Capital, a subsidiary of Malaysia-based telecommunications company Silver Ridge, and investment services firm Huatai Financial Holdings (Hong Kong) are set to establish a $500m fund private equity fund in January, according to Malaysian business news source the Business Times. The fund, to be known as the Huatai Von Malaysia Fund, will invest in businesses… Continue reading Silver Ridge, Huatai launch $500m fund
Crédit Agricole pumps funds into CircuLite
US-based medical device company CircuLite raised $30m last Wednesday in a series D round funded by investors including Crédit Agricole Private Equity, the private equity division of the French banking group and ABN Amro spin-out Forbion Capital Partners. Forbion is the largest investor in the company and the pair of investors were joined by SB… Continue reading Crédit Agricole pumps funds into CircuLite
Google Ventures takes Rumble to $15m
US-based game publisher Rumble closed its series A funding round on Thursday, raising $15m from backers including corporate venturing unit Google Ventures. Venture capital firm Khosla Ventures co-led the round, which also saw participation from Rumble’s seed investors. These include Rick Thompson, the founder of Playdom, as well as Mark Spenner, David O’Connor and John… Continue reading Google Ventures takes Rumble to $15m
GE tests the potential of C8 Medisensors
C8 Medisensors, a US-based company specialising in glucose monitoring, secured $24m in series C funding on Thursday from investors including General Electric’s GE Capital financial services division and its GE Healthcare division, which made the investment through its Healthymagination fund. C8 stated that GE joined existing investors in the round, but did not disclose the… Continue reading GE tests the potential of C8 Medisensors