Gibson will acquire a majority of Onkyo USA (Onkyo’s exclusive distributor for North America and a distributor for Central and South America) and become the second largest shareholder in Onkyo itself.
Month: January 2012
Ebay backs PeaceSoft
In June 2008, PeaceSoft partnered with the US firm to create eBay.vn, the only site which allows Vietnamese to buy and sell merchandise overseas by interacting directly with the 225 million eBay users worldwide
Unilever exits Rahu
Rahu was founded in early 2006 as a spin-out from Anglo-Dutch consumer goods maker Unilever’s Ventures unit that incubates ideas and takes minority equity stakes in UK entrepreneurs and managed by co-founders Paul Smith and Dermott Hill.
Martel joins Inerjys Ventures
Martel will lead investments into renewable energy technology companies and advise portfolio companies on exit strategy having previously spent nine years as a strategic investor within large international corporations and two years providing advice to clients undertaking strategic investment, including France-based Areva.
GMZ adds investor
Mitsui Ventures – the investment wing of the centuries-old Tokyo conglomerate – led a $14m extended Series C round of funding for GMZ with the new backer providing a further $4.5m.
BASF eats into Renmatix deal
BASF’s Biorenewable subsidiary led the round with its $30m investment in Renmatix, formerly known as Sriya Innovations.
Toumaz reaches stake sale
Toumaz, an Alternative Investment Market-listed company, has split into two businesses to cater for Imagination’s latest investment.
Martlet backs Arachnys
Angel networks Cambridge Capital Group and Cambridge Angels joined Marshall’s Martlet corporate seed fund in backed Arachnys.
Novo Ventures raises Elevation
Venture capital firms Canaan Partners, TPG Biotech, Care Capital and Mesa Verde Venture Partners also invested in the B round having provided $30m for Elevation’s A round in January 2010.
Blippar scans Qualcomm funds
The mobile app company which allows users to analyse things they see with their phones reportedly secures seed funding after launching last summer, ahead of an expected series A round.
Beyond Oblivion enters the void
The music company backed by News Corporation, Intertrust Technologies, the Wellcome Trust and Allen & Co. is reportedly winding down, despite announcing it had raised $77m last year.
Cargill looks for growth in AgriNurture
Agro-commercial business AgriNurture has raised $30m in funding from agribusiness conglomerate Cargill, which has taken a 28% stake.
China rising
When will China overtake the US for innovation funding for entrepreneurs, if ever?