Glasshouse Technologies withdraws its IPO, citing market conditions after receiving top-up financing from Citrix in July.
Month: December 2011
Glocal big news for Compuware Ventures
Local news website Glocal is looking to launch early next year after picking up $1m in a seed round led by Compuware.
Qualcomm sets up $100m life fund
The fund has made five investments – one investment, heart monitoring company, AliveCor (pictured) – and the money will come from Qualcomm’s existing allocation to its corporate venturing unit.
IQT logs on to Connectify
The venturing fund of the US intelligence community has invested in remote networking startup Connectify.
Affymetrix buys eBioscience for $330m
US-based genetics technology corporation Affymetrix agreed on Wednesday to acquire biomedical research company eBioscience for $330m. The acquisition comes less than a month after eBioscience secured a $45m term loan and a $10m revolving line of credit from GE Capital, Healthcare Financial Services, a corporate venturing fund belonging to energy conglomerate General Electric. In order… Continue reading Affymetrix buys eBioscience for $330m
W3i develops $10m mobile app fund
The US-based company, which distributes and monetises mobile applications, has established a $10m venture fund intended to fund indie developers.
Corporates see AcuFocus to a $65m round
US-based medical device company AcuFocus secured $65m in funding last Tuesday, consisting of $40m in equity and a $25m ‘synthetic royalty’ payment from private equity firm Cowen Healthcare Royalty Partners. Cowen led the round, investing a total of $30m. Also participating in the round were medical technology company Medtronic, eye health company Bausch & Lomb,… Continue reading Corporates see AcuFocus to a $65m round
mFoundry swipes $18m
Mobile payments company mFoundry gets backing from four corporates led by Mastercard and is investigating strategic partnerships with them.
Google, Hearst stir $4m into Miso
San Francisco-based social TV company Miso raises $4m in funding with help from Google and Hearst Corporation.
Mundipharma to back Infinity to 2013
Mundipharma will invest a further $50m in Infinity Pharmaceuticals in 2013 to finance the development of an oral inhibitor.
Google eyes 2.7x on Zynga
Search engine Google could land as much as 2.7 times return from its backing of US-based internet games company Zynga, as Google is set to own a 3.8% stake post-initial public offering. The IPO reportedly values the company at $7bn.
Google, Atlas dine with Objective Logistics
The corporate venturing unit of Google and Atlas Venture lead a funding round in restaurant experience analytics firm Objective Logistics.
Green shoots for Spain’s scorched earth
Returning from an enjoyable TechTour in Bilbao, the difficulties Spain is facing in selling its debt, which now dominates the newsflow from the country, fortunately contrasts significantly with the dynamism of the country’s entrepreneurs.
AOL helps NewsCred print $4m
AOL’s venturing arm is one of several Series A investors in New York-based news aggregator NewsCred.