Singapore government-backed fund EDBI led the round to help Sotera expand into Asia, which included participation from new investor Cerner Capital, a corporate venturing unit of the eponymous medical software company.
Month: December 2011
Softbank commits to Aussie green
Independent firm Southern Cross Venture Partners will manage the fund, in which the Australian government is also committing A$100m.
CyberAgent Ventures starts incubator
Startup Base Camp will help about 100 internet-related entrepreneurs with CyberAgent taking a stake in what the company is calling the country’s largest incubator.
Freecultr tries on $4m
Freecultr, an online apparel start-up launched two weeks earlier.
Tata enters cash Vortex
Alongside Tata through its Innovations Fund in the Vortex Engineering round, which is trying to raise R500m, were repeat backers Aavishkaar, a venture philanthropy firm, Bamboo Finance and Venture East.
BGF takes two more
David Colclough has joined as an investment director of the Business Growth Fund while Neil Inskip is an investment manager, with both based in the Manchester office run by regional director Andy Gregory.
CarWoo whoops for $12m total
Alongside Comcast Ventures in the $6m series B round were venture capital firms Interwest Partners and Blumberg Capital, and angel investor Raymond Tonsing.
Coskata fuels up for flotation
Investment banks Citigroup, Barclays Capital and Piper Jaffray are co-lead underwriters of the initial public offering for the pre-revenue company that posted a $23m net loss for the first nine months of the year.
Intel tests Pixeon health
Although Intel Capital has invested in the continent for 11 years, the deal is the corporate venturing unit’s first Latin American healthcare information technology (IT) investment.
NDS glued to float picture
Investment banks Morgan Stanley, Goldman Sachs and JP Morgan are co-lead underwriters of the initial public offering (IPO) for NDS.
Merck checks Aviir’s pulse
The money will be used to fund commercialization of TruRisk, Aviir’s proprietary cardiac risk assessment technology, and additional molecular testing services provided through Aviir Heart Laboratories.
Avaco powers up with Stion
Undisclosed South Korean private equity funds were the other co-leads in Stion’s latest round, which included repeat backers included chip maker Taiwan Semiconductor Manufacturing Company (TSMC), through its VentureTech Alliance corporate venturing unit.
AOL gets all Appssavvy
AOL through its corporate venturing unit AOL Ventures joined publisher the New York Times Company, venture capital firm True Ventures, and angel investors Scott Kurnit (chief executive of AdKeeper) and Howard Lindzon (chief executive of StockTwits) in backing Appssavvy.
Change for Shanduka
China’s sovereign wealth fund CIC bought their 25% stake in Shanduka – which means change in TshiVenda – for R2bn ($240m).