Alongside Rogers Ventures in the A round was venture capital firm Summerhill Venture Partners, which had previously spun off from being Canadian phone operator BCE’s corporate venturing unit.
Month: December 2011
Tencent looks to logistics
China-based internet company Tencent will reportedly invest tens of millions of RMB into third-party logistics partners over the next five years.
Xanitos crowned hospital king
David Schulte and Chris Gran from Kaiser Permanente Ventures, the corporate venturing unit of the eponymous healthcare provider, are on Xanitos’ board.
Comerica joins with BrightRoll
GCA Savvian served as financial adviser to BrightRoll in this transaction.
Allen old-style deal for New Relic
The C round was led by venture capital firms DAG Ventures and Four Rivers Group as new investors, with participation from existing backers Allen & Company and VC peers Benchmark Capital, Tenaya Capital, and Trinity Ventures.
Google inks deal with Stamped
Stamped, a consumer review website for restaurants, has launched its mobile device application after backing from search engine Google’s corporate venturing unit and Bain Capital Ventures, an independent venture capital firm affiliated to management consultants Bain & Company.
Puma takes second bite of $60m
The company has sold 16 million shares at $3.75 each to help fund the development of its PB-272 treatment.
Demaray bounces into Springworks
Ernest Demaray, co-founder of Symmorphix, will pay $600,000 for the remaining patents and assets of Springworks, according to court filings seen by the Pioneer Press.
Legend takes part in Anjie
Anjie posted net profit was RMB55.5m on revenue of RMB280m last year, up 15% and 34% from a year earlier respectively.
Tencent eyes Roboo
China-based media company Tencent, which is backed by Naspers’ corporate venturing unit, is reportedly about to invest more than $10m in local mobile search provider Roboo.
Sapiens walks to similar investors
UK-based medical foundation Wellcome Trust, and US peer Michael J Fox Foundation, along with Dutch state-backed Agentschap, provided the money to help Sapiens develop its technology for treating Parkinson’s disease and other brain disorders.
ClearWire cleared for stake sale
Erik Prusch, executive president of Clearwire, said: “The added resources will enable us to continue delivering 4G [fourth generation] mobile broadband service to meet the rapidly growing demand in the industry.”
Bats flies into Chi-X Europe
BATS intends to combine the BATS Europe and Chi-X Europe MTFs, which will be known as BATS Chi-X Europe and will account for approximately 25% of overall European equities trading.
MergerTech starts $50m fund
Maneesh Goyal is general partner of the fund after leaving venture capital firm Miramar Venture Partners, where he led investments in healthcare IT for five years.