A one day event organised by Hult International Business School’s Venture Capital Club for entrepreneurs, professionals, and investors from the hi-tech industry in UK
Month: February 2012
Lauckner becomes General Motors CTO
Lauckner, a 33-year veteran of GM, and its corporate venturing head, takes over the chief technology officer role as well as responsibility for research and development, bringing three of the main innovation roles at the company together.
JJDC’s Davis joins Innosight
Roy Davis retired from Johnson & Johnson Development Corporation at the end of December after nearly four years as its president.
Zipcar drives into Wheelz
Nasdaq-listed Zipcar is the latest beneficiary of venture funding to turn to corporate venturing, leading a $13.7m round for the peer-to-peer car sharing company.
Ericsson dials into Belair
Ericsson provides exit for Deutsche Telekom and Comcast-backed ten year old wi-fi company, with an estimated $62.9m raised across five rounds.
3M, Chesapeake step on the gas
Corporate venturing unit Chesapeake NG Ventures seals its latest deal with 3M, to work together on compressed natural gas tanks, after the gas company unveiled a $1bn fund last year.
Mahindra Satyam, SBI launch $50m fund
The joint fund set up by the Indian and Asian investors will invest in information and communications technology companies globally.
Corporate venturing investment rebounds
The level of corporate participation in the venture industry is welcomed by industry insiders although one market commentator warns the numbers could point to the end approaching in the latest technology cycle.
Nanosolar tops up with $20m
The round raised by the thin-film solar company follows its bumper $300m round in 2008, with a top tier syndicate including an EDF unit, private equity firm Riverstone and a unit of AES Corporation.
Intel Capital backs Brazilian fashion companies
Intel’s corporate venturing unit reveals it did five deals in Brazil last year, including the two announced deals.
Wanxiang in $1.25bn GreatPoint Energy tie-up
The coal conversion company backed by Dow Chemical, AES Corporation and Suncor Energy reportedly lands a $420m fourth round of funding in the largest Chinese US VC deal.
GE, Carbon Trust partner on fund
The industrial conglomerate and the organisation partner together on a pan-European basis in the latest tie-up by GE’s Ecomagination Challenge, through which the company and partners have committed $134m.
WPP enters the Madhouse in India
Madhouse is expanding its mobile advertising service from China to India, as WPP makes an undisclosed investment.
Pfizer, Novartis, J&J pump $43m into Celladon
US-based biopharmaceutical company Celladon closed a $43 equity round on Wednesday led by Pfizer Ventures, the corporate venturing fund for pharmaceutical corporation Pfizer. Two other corporate venturing funds for pharma companies – Novartis Venture Funds, and Johnson & Johnson Development Corporation – also participated in the round, as did life science venture funds Hambrecht &… Continue reading Pfizer, Novartis, J&J pump $43m into Celladon