Apps Foundry’s Scoop was launched in Indonesia last year and has more than 800 magazines, tabloids, and books in its stable.
Month: December 2011
Celgene backs Acceleron Pharma
John Knopf, chief executive of Acceleron, said: “We’re especially pleased with Celgene’s commitment to Acceleron as we jointly develop several promising products for the treatment of anaemia.”
Provenance finds source of money
Alopexx Oncology will develop DI-Leu16-IL2, which Provenance had licensed from Germany-based Merck in March 2009.
Seacor Marine sails into Windcat
Seacor Marine has invested an undisclosed amount in Windcat Workboats, a UK and Netherlands-based operator of wind farm utility vessels.
AuraSense feels way to B round
Investors included New York-listed drugs company Abbott Laboratories’ corporate venturing subsidiary, Abbott Biotech Ventures.
Healthcare CVC looks preclinical
Of deals by the top companies in the sector, 140 were at the preclinical development stage, with an average of $22.9m invested, followed by 39 investments at phase I, 34 at phase II and 13 at phase III, although the average amounts invested increased by stage.
Baidu sells Youa minority
IDG-Accel, the China-based joint venture between US publisher International Data Group and venture capital firm Accel Partners, and Qiming Ventures, a local VC firm, have invested $50m.
Lotaris banks with Credit Suisse
Credit Suisse invested in the Swiss based mobile technology company through its SFr100m ($110m) corporate venturing fund SVC-Ltd for Risk Capital for SMEs.
Warburg backs First Green
Private equity firm Warburg Pincus will invest up to $355m in First Green Partners, a newly-formed early-stage venture capital (VC) company.
Aspen insulates ahead of IPO
Although the 17 investors in the latest $15m round were undisclosed, in October 2010 BASF Venture Capital, the corporate venturing unit of Germany-based chemical conglomerate BASF, led a $21.5m investment in Aspen Aerogels as a new investor.
Metaps meets money
The latest funding comes from local systems integrator Intec’s corporate venturing unit Intec IT Capital, Neostella Capital (the VC formed in 2008 out of the merger of Mizuho Securities and Dai-ichi Life Insurance’s respective units), Tokyo-listed internet business NGI Group, Nippon Venture Capital and Sumitomo Mitsui Banking Corporation’s SMBC Venture Capital.
DSM goes large for NanoHoldings
NanoHoldings’ network of universities and scientists, most of them with physics backgrounds, means other innovations that show promise could be further developed outside of the company and eventually co-financed through DSM Venturing or possibly acquired by DSM.
Trada enters next $9m round
Although the two investors were undisclosed in Trada’s regulatory filing, the company has as directors Rich Miner, managing partner of corporate venturing unit Google Ventures, and Seth Levine, managing director of venture capital firm Foundry Group.
Ritz checks into Etisalat
Ritz had effectively been responsible for n?w business development at Swisscom and also in charge of its corporate venturing unit, Swisscom Ventures headed by Dominique Megret.