RTI, Sistema’s subsidiary specializing in innovative and high-tech sectors, has committed the money to the fund, which will back participating companies at Skolkovo during 2012 to 2015.
Month: December 2011
Citrix remembers Handy Elephant
Handy Elephant, a UK-based social network efficiency application, received seed investment from technology company Citrix’s Startup Accelerator.
Qualcomm marches to Onward Mobility
Qualcomm Ventures has posted Karthee Madasamy , its managing director of Asia and India, on Onward’s board.
Avaya buys Sipera
In May 2010, Sipera raised $10m to take its total to $48m from a consortium of Duchossois Technology Partners, the corporate venturing unit of US industrial conglomerate Duchossois Group, and venture capital firms S3, Austin Ventures, Sequoia Capital and Star Ventures.
LivingSocial uses stock for TicketMonster
While the filing does not specify the acquisition or acquisitions in question, press reports said it was for LivingSocial’s acquisition of TicketMonster in Korea.
CrunchFund Shaker not stirred
CrunchFund was formed after TechCrunch’s acquisition by AOL and in which the internet services provider made a cornerstone commitment. Arrington had first invested after Shaker won TechCrunch’s Disrupt conference awa
RIM lands at NewBay
Blackberry phone maker Research In Motion has acquired Ireland-based digital content provider NewBay, for a reported about $100m. Venture capital firm Balderton and mutual fund manager Fidelity’s corporate venturing unit Fidelity Growth Partners had backed NewBay, including in a €6.5m ($10m) series B round in March 2008. Balderton, then known as Benchmark Capital Europe, had been the… Continue reading RIM lands at NewBay
AOL joins in deal Spree
The Spree project began four years ago with a blog post and then received contributions from more than 100 people.
BV finds its high Nginks
The other investors in the series A round for Nginx were venture capital firm Runa Capital and MSD Capital, the family office for Michael Dell who founded personal computer maker Dell.
Comcast publicises Warner hire
In this new position, Warner will lead strategic communications for the unit as well as work on its portfolio companies’ marketing and branding.
Legend discovers Happy Elements
Venture capital firm DCM, which has a partnership with Legend, was the other investor. Happy had raised $5m previously, according to news provider Tech Crunch.
Blue Cross plays with Essence
Essence raised $61m from venture capital groups Camden Partners and Kleiner Perkins Caufield & Byers earlier this year.
Fiserv buys CashEdge
CashEdge last raised money in August 2001 with an $18m series C round by led by banks CIBC and Royal Bank of Canada, 724 Solutions, as well as funds General Atlantic Partners, Capital Z Partners and IRR.
Asahi Kasei returns to Artisan
Asahi Kasei Pharmaceuticals, a Japan-based drugs company, has acquired a company it had incubated before handing over to venture capital firms to develop as a way to share costs and risks in developing innovative molecules for potential therapies.