Retail analytics company Manthan, backed by Fidelity and IDG, has raised $15m in its series C round and is now looking towards making acquisitions of its own.
Month: February 2012
Game over for selected Vostu staff
Brazil-based social game developer Vostu is making an undisclosed amount of employees redundant, the company confirmed on Wednesday. Vostu declined to state the number of workers it was laying off, or the reasoning behind the move. However the announcement comes just over six months after the company settled a lawsuit brought by rival Zynga over… Continue reading Game over for selected Vostu staff
Aereo watches investors join its series A
The internet TV streaming service is set to launch next month as it bumps its funding up to $25m thanks to a contribution from the Barry Diller-led internet firm IAC.
Ozon books Sapato as its latest buy
Russia-based ecommerce company Ozon expanded its range of online products on Wednesday by acquiring online shoe retailer Sapato for an undisclosed amount. Exiting investors include Intel’s corporate venturing unit, Intel Capital. Intel Capital led Sapato’s $12m series C round in June last year, which also saw participation from Russia-based market expansion services business the Direct… Continue reading Ozon books Sapato as its latest buy
Sustainable Venture Development Conference, London April 19, 2012
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CyberAgent gets into the Grooves
Japan-based social recruitment startup Grooves received ¥40m ($500,000) in seed funding from internet company CyberAgent’s corporate venturing fund, CyberAgent Ventures Japan, on 30th November. Grooves is best known for its social job posting initiative, instituted through its Garbs subsidiary. Grooves is also currently preparing a series A round, according to Asian tech website e27. The… Continue reading CyberAgent gets into the Grooves
Mahindra Satyam takes 16% of Dion
Financial markets software developer Dion Global has issued stock worth about 16% of the company to IT servies firm Mahindra Satyam for about $7m.
Arcos transmits itself to ATX
The multimedia transmission services company will become the Israeli division of Canada-based ATX Networks after it was acquired for $26m, granting an exit to the Mer Group.
TerraEchos secures seed funding
Real-time security software developer TerraEchos closed a $1.55m seed round on 7th February led by venture capital (VC) firm Flywheel Ventures, with participation from engineering service and research provider S&K Technologies and geospatial analysis company GCS Research. US-based TerraEchos will use the cash to hire additional staff for its software development team, and to expand… Continue reading TerraEchos secures seed funding
Unilever exits Cyden
Unilever Ventures, the corporate venturing unit representing consumer goods conglomerate Unilever, is selling its stake in UK-based health and beauty company CyDen to existing investor Richard Koch, according to UK newspaper the Daily Telegraph. Koch, founder of online gambling exchange Betfair, was one of the investors in CyDen’s £15m ($23.5m) series D round in April… Continue reading Unilever exits Cyden
Videocon subscribes to Nivio’s model
Nivio, a Switzerland-based company providing a Microsoft program-focused subscription service, secured $21m in series A financing last Thursday from India-based conglomerate Videocon and private equity firm AEC Partners. Nivio operates a cloud-based service that grants monthly subscribers access to a range of desktop software for Windows, Mac, Android and iOS – and the entire desktop… Continue reading Videocon subscribes to Nivio’s model
SpaceCurve maps the way to $2.7m
The spatial database company has raised an additional $1.2m to bring its series A round to $2.7m, with Reed Elsevier among the investors.
Tengelmann barks for Canimix
The specialist online dog food retailer has launched, with help from retail group Tengelmann.
Ofer in line for a hefty Conduit payout
Reports suggest Yozma, which is partly owned by Ofer Holdings, is set to make up to a 150x return on its investment in web services firm Conduit.