January 2012 – Page 3

Timehop is money for O’Reilly

Timehop, a US-based startup which chronicles a user’s digital content to present them with daily e-mail reminder of their past, secured $1.1m in seed funding on Wednesday. The round was led O’Reilly AlphaTech Ventures (OATV), the corporate venturing unit belonging to technology publishing company O’Reilly Media. Joining OATV in the round were venture capital fund… Continue reading Timehop is money for O’Reilly

Qualcomm falls for Avalanche

Avalanche Technology, a US-based company specialising in computer memory technology, secured $11.5m on Monday in a round that saw participation from Qualcomm Ventures, the corporate venturing unit for telecom and semiconductor corporation Qualcomm. The series C round was led by Vulcan Capital, the investment firm backed by Microsoft co-founder Paul Allen, and included contributions from… Continue reading Qualcomm falls for Avalanche

ChemoCentryx sets range for IPO

GlaxoSmithKline-backed ChemoCentryx is looking to raise up to $64m when it floats, hot on the heels of fellow biopharmaceutical company Verastem.

Google tags Dasient exit after Twitter buy

The social network continues its acquisition spree as it snaps up anti-malware service Dasient, landing an exit for Google Ventures

Guiffre true blue for Cerulean

Chris Guiffre is the new senior vice president and chief business officer for nanopharmaceutical company Cerulean Pharma as it looks to build upon a $15m funding round.

$85m puts Joyent on cloud nine

US-based software company Joyent closed a series D round worth $85m on Monday, led by Weather Investment II, a group which owns a 20% stake in Russia-based telecom conglomerate Vimplecom. Telefónica Digital, the division which houses the corporate venturing unit of telecommunications corporation Telefónica, also contributed to the round, making its second investment since the… Continue reading $85m puts Joyent on cloud nine

J&J adjusts its focus towards PowerVision

US-based intraocular lens developer PowerVision closed its series C round at $37.2m it has emerged, as it added Johnson & Johnson Development Corporation (JJDC) to its pool of investors, on 22nd December. JJDC joined venture capital (VC) firms Advanced Technology Ventures, Venrock and Frazier Healthcare Ventures, all existing investors, in the round’s final closing. Medical… Continue reading J&J adjusts its focus towards PowerVision

RueLaLa executives awarded incentives

RueLaLa, partly owned by eBay, has issued $22m worth of stock options to its executives.

Daimler hitches a ride on MyTaxi

Germany-based online taxi ordering application MyTaxi secured €10m ($13m) in series B funding on Monday, with Car2Go, an urban mobility subsidiary of automotive corporation Daimler, and Deutsche Telekom’s corporate venturing unit, T-Venture, among the backers. The size of the stake acquired by Car2Go is reportedly 15%, while KfW Bankengruppe, a development bank part-owned by the… Continue reading Daimler hitches a ride on MyTaxi

3M flows into HydroNovation

3M, which runs its own water filtration business, is investing in water purification specialist HydroNovation through its corporate venturing division.

Vodafone identifies Finsphere’s promise

Vodafone Ventures, the corporate venturing division of telecommunications corporation the Vodafone Group, led an $11.3m investment in US-based identity analytics firm the Finsphere Corporation on Monday, taking its overall funding to $30.2m. Also participating in the round were several of Finsphere’s existing investors: venture capital firms Frazier Technology Ventures, Mohr Davidow Ventures and Shasta Ventures.… Continue reading Vodafone identifies Finsphere’s promise

Month: January 2012