The fund is looking to back 15 small and medium-sized enterprises (SMEs) and is managed by a team based in Beirut, Lebanon, supported by the broader Red platform.
Month: December 2011
Life eyes its Max stake
In October, Life bought a 26% stake in Max for R5.16bn ($104m) and could add another 24% if the operating performance continues to improve, Max Healthcare CEO Ajay Bakshi told news providerEconomic Times.
UTest raises $17m
UTest has raised $37m in total since it was formed in 2007.
Nexon completes $1.2bn IPO
Nexon sold 90 million shares at Y1300 each in Japan’s biggest initial public offering this year co-ordinated by investment banks Nomura, Morgan Stanley and Goldman Sachs.
AMD finds its InContext
AMD is investing in InContext through its Fusion Fund set up to find the next generation of graphics and computing companies.
Lattice enmeshes SiliconBlue
Founded in 2006, SiliconBlue has sold more than 10 million chips for consumer handheld devices and raised money from venture capital firms BlueRun Ventures (which spun off from phone maker Nokia in 2005), Crosslink Capital, NEA, Apex Venture Partners and Atlantic Bridge and trade peer Taiwan Semiconductor Manufacturing Company (TSMC).
HTGF bcks two more
Smartblue received seed financing to monitor photovoltaic systems while HTGF, state fund Bayern Kapital and angel investor Dieter Manstein invested in GME Medical Engineering.
Ifbyphone adds $2m
Previously, Ifbyphone raised $18m in equity from venture capital firms Illinois Innovation Accelerator Fund (I2A), Apex Venture Partners, Origin Ventures, Spring Mill Ventures and River Cities Capital Funds as well as the property trade body.
Catabasis Pharma extends A round
All other current investors participated in the third financing extension, including venture capital firms SV Life Sciences, Clarus Ventures and Advanced Technology Ventures.
Qualcomm seeds PowerCloud Systems
Venture capital firms Walden Venture Capital and Javelin Venture Partners and PARC (research and co-development company Palo Alto Research Center, formerly Xerox PARC), reinvested in the B round.
Allen leaps for TaskRabbit
Venture capital firm LightSpeed Venture Partners led the B round, which also included Tornante Company, the investment firm led by Michael Eisner, former chief executive (CEO) of media group Walt Disney, who will give TaskRabbit strategic advice.
Pearson passes Global Education test
Venture capital firm SAIF, in which Cisco was a cornerstone limited partner, invested $25m and $5m on Global Education in 2006 and 2008 respectively.
Iddiction makes stealthy start
Andrej Nabergoj was the founding chief executive of Outfit7
VMware backs Intalio
New Intalio products leveraging VMware platforms will be announced in late 2011.