The advertising management platform now counts Temasek and SAP among its backers as it takes its overall funding above the $80m mark.
Month: February 2012
IDG-Accel bites into GlamSmile
Remedent has sold a slice of its own stake in GlamSmile to IDG-Accel, which now holds 31% of the stock, in return for a $7m investment.
Qualcomm lands on AirStrip Technologies
Qualcomm invests in the mobile health monitoring company. The chip company’s corporate venturing executive Jack Young says: “Smartphone adoption by physicians is amongst the highest in any given profession.”
MCX has IPO mettle
The commodities exchange, which counts Intel, Financial Technologies and several financial services firms among its backers, will float in the next two weeks.
IQE makes its way to Solar Junction
Solar Junction has partnered with the semiconductor wafer company as part of its latest round, and the two plan to jointly develop a 50% fuel efficient solar cell.
Brainbees buzzing from $14m round
Brainbees Solutions, the India-based owner of ecommerce sites FirstCry.com and GoodLife.com, secured $14m yesterday in a series B round led by IDG Ventures India, the regional venture capital subsidiary of technology, media and research corporation the International Data Group. IDG was joined by private equity firm SAIF Partners, previously the backer for Brainbees’ $4m series… Continue reading Brainbees buzzing from $14m round
AOL puts its trust in TastemakerX
The mobile platform, which allows users to get points by picking out the next big thing in music, has raised $1.8m from backers including AOL.
Synacor cuts IPO price to raise $34m
Intel Capital-backed internet technology services company Synacor floated on Friday at $5.00 per share, slashing its initial range of $10-$12 per share, set last month.
Napster pair snag $8.3m from Google syndicate
Shawn Fanning and Sean Parker, latterly also a president of Facebook, are launching a live social video site, to be known as Airtime, with Google part funding an $8.3m series A round.
Ruckus makes a noise with $21.7m
The wireless internet hardware developer, which counts Telus, Deutsche Telekom and Motorola among its backers, has now raised $82m as of its series G round.
Appcelerator hooks itself a Cocoafish
The Red Hat and eBay-backed mobile application infrastructure provider has become the third company to be acquired by mobile platform Appcelerator.
LVMH buys a cut of Trendy
L Capital Asia, a corporate venturing fund representing consumer brands conglomerate LVMH, acquired a 10% stake in China-based women’s clothing company Ochirly on Friday, paying a reported $200m. The investment was made in partnership with the corporate venturing division of state-owned financial conglomerate the China Citic Group, and the stake was acquired from Ochirly’s parent… Continue reading LVMH buys a cut of Trendy
Volcker Rule affects venture industry
At least one venture group’s fundraising has a potential $25m commitment from an undisclosed bank impacted by the Volcker Rule.
‘Money and brains are not enough’
Breaking into Silicon Valley is a difficult challenge for corporate venturing units and this title, writes James Mawson.