L Capital Asia, a private equity fund sponsored by luxury goods conglomerate LVMH, made an undisclosed investment in China-based Xinhe Fashion last month (although L Capital’s website dates it in October), according to China-based newspaper China Daily, making LVMH Xinhe’s second largest shareholder. The investment is L Capital Asia’s first on mainland China, its portfolio… Continue reading LVMH likes the look of Xinhe
Month: January 2012
Jagex receives greater Insight
Recent documents show Insight Venture Partners has increased its stake in the Raine-backed games developer to 55%.
Nordic corporates combine for Energy Future Invest
Norway-based energy companies Hafslund and Eidsiva are combining their corporate venturing activities with the aim of increasing clean technology growth in the region.
VideoIQ sees its way to a larger round
The US-based video surveillance company has bumped up its series C round to $11m as it reports significant growth over the past year.
Time Warner sticks to GetGlue
The television-based social network has completed a $12m round with participation from Time Warner and plans to upgrade its service in 2012.
Tolar becomes a part of Knome’s DNA
Knome, a US-based life sciences company specialising in genome research, appointed Martin Tolar as its chief executive officer on Monday. Tolar previously held the same position at biopharmaceutical company Normoxys. Prior to helming Normoxys, Tolar held executive positions at pharmaceutical companies CoMentis and Pfizer, where he played a significant role in the corporation’s acquisition of… Continue reading Tolar becomes a part of Knome’s DNA
FlexEnergy converts gas to cash
The clean gas power company has raised $18m in debt funding in the last month and is looking to raise a series C round later this year from stategic investors.
Firms spring into promoting China
InnoSpring, which is also backed by China-based property company Shui On Group and Northern Light Venture Capital, will provide incubation services and physical space to technology start-ups wanting to expand into China.
GenomeDX traces sources of investment
The medical diagnostics company, which specialises in cancer treatments, has closed its series A round with investors including Aeris Capital, the venture firm set up by a SAP co-founder.
SkinMedica expands palette with Colorescience
Mineral makeup company Colorescience has been acquired by skincare company SkinMedica, backed by GlaxoSmithKline’s corporate venturing unit.
Motorola keeps eye on MicroPower
Motorola Solutions Venture Capital, the corporate venturing fund representing communications equipment provider Motorola Solutions, invested $6.5m in US-based wireless surveillance company MicroPower Technologies on Monday. The $6.5m tranche made up the first round of funding received by MicroPower, and will be invested in marketing the company’s surveillance devices in both new and existing markets. MicroPower… Continue reading Motorola keeps eye on MicroPower
Xange helps Neolane raise $27m
France’s main post office’s corporate venturing unit backs the fast-growing marketing technology company.
Intel backs pair of companies
Intel Capital backs a $10.3m round of a US-based wireless connectivity company and takes warrants in a UK-based chip company, with a long and storied past.
Sanofi, VCs go into Warp Drive
Sanofi helps launch genome research company in the latest tie-up between a big pharmaceutical company and the venture industry.