The deal backing the internet telephone company was reportedly the first by the Cisco-backed Lebanon Growth Capital Fund, which invested alongside Intel Capital.
Month: January 2012
BASF charges up Sion with $50m
The Germany-based chemicals company invests the sum in the battery maker after inking a joint development agreement in 2009.
Access to US universities
The VC firm, Access BridgeGap, will back three to five early-stage therapeutics companies per year.
Gupta raising IvyCap fund
Vikram Gupta, former head of corporate venturing at India-based healthcare company Piramal, founded IvyCap last year.
Agios faces litigation
The Leonard and Madlyn Abramson Family Cancer Research Institute at the Abramson Cancer Center of the University of Pennsylvania has sued Craig Thompson (pictured) and healthcare companies Agios Pharmaceuticals and Celgene, in Federal Court, according to news provider Courthouse News.
T-Venture moves into 9flats
Short-term apartment rentals service 9flats.com, based in Germany, secured an undisclosed ‘multi-million euro’ amount on Tuesday last week in a round led by T-Venture, the corporate venturing unit operated by telecommunications conglomerate Deutsche Telekom. Also participating in the round were venture capital firms Redpoint Ventures and eVenture Capital Partners, both existing investors. Redpoint previously led… Continue reading T-Venture moves into 9flats
IDG backs Viet Youth Entrepreneurs
Alongside IDG (which operates a corporate venturing affiliate in Vietnam) in backing VYE are Vietnam’s HCM City National University, local university Stanford’s Technology Ventures Programme and venture capital firm VinaCapital.
The Big Deal: AVG’s flotation
Intel-backed AVG preps $125m IPO.
How to play poker with the top VCs
Only play with money you are prepared to lose…
CBOE backs intelligence
The Intellectual Property Exchange International (IPXI) has been launched after nearly five years preparation after gaining $10m in funding from corporations and universities, including Nasdaq-listed CBOE, parent of the Chicago Board Options Exchange, and Anglo-Dutch company Royal Philips Electronics.
Intel-backed AVG preps $125m IPO
With 48 million shares issued, worth an assumed $14.85 each, the market capitalization of AVG would be $712.8m.
Johnson & Johnson provides lifeblood for Clarimedix
US-based therapeutics device company Clarimedix secured an undisclosed amount of funding on Wednesday from the Johnson & Johnson Corporate Office of Science and Technology (COSAT), part of the pharmaceutical conglomerate’s website where innovators submit ideas to Johnson & Johnson operating companies.. Clarimedix focuses its research on disorders associated with blood vessel problems, Alzheimer’s disease among… Continue reading Johnson & Johnson provides lifeblood for Clarimedix
Room Key opens up its website
The hotel search and booking engine has launched its site in beta, and currently offers choices from its six corporate founding partners and their affiliates.
Anthemis invests for promising Payoff
Payoff.com, a US-based website helping users to save money, has picked up another $2m, taking its overall financing to $5.8m.