Alibaba has also created AliVenture, another corporate venturing unit with a team of 16 to 20 investment professionals, according to news provider Asian Venture Capital Journal (AVCJ).
Month: March 2012
Omeros gains Gray’s knowledge
Previously, Gray was chief executive of Nura, a privately held biotechnology company acquired by Omeros in 2006.
Skolkovo gains corporate backing
Russia’s 47 biggest state-controlled companies, including Gazprom, Russian Railways, RusHydro, and Aeroflot, are to transfer 1% of their innovation budgets, about R10bn ($340m) to Skolkovo Institute of Science and Technology (SkTech).
Oracle secures one tenth of Mellanox
US-based technology company Oracle buys a 10.2% stake in Nasdaq-listed connectivity company Mellanox.
Zimride raises $6m
The car sharing company previously backed by Facebook’s discontinued incubator FBFund, raises more money.
Physic hires four advisers
The Unilever and PepsiCo-backed venture capital firm’s hires include business writer and entrepreneur Lisa Gansky and the Center for Connected Health founding director Joseph Kvedar.
Zalando eyes doubling global presence
The Germany-based internet group backed by corporate-linked groups including Tengelmann’s corporate venturng unit, reportedly eyes expansion.
Russian Venture Market – Impossible to Ignore
Moscow, May 28/29, 2012
Constellation appoints Keith Dionne CEO
Repeat entrepreneur Dionne joins the molecular therapeutics company, backed by Genentech and GlaxoSmithKline’s corporate venturing unit, which was founded by three academics in the field of epigenetics.
Globe launches Kickstart
The Phillippines’ Globe Telecom launches incubator Kickstart Ventures.
Ru-Net’s Alimov launches Frontier Ventures
Dmitry Alimov, formerly a partner at Russia-based technology company Ru-Net, launches his own firm.
Royal DSM beefs up IQ
Royal DSM invests again in “super-bug” treatment company IQ Therapeutics.
ImaginAb raises $12.5m
Novartis’s corporate venturing unit leads the round for the diagnostic imaging company which was set up by UCLA faculty in 2007.
Sequoia, other VCs back India’s Kae
India-based seed fund Kae Capital, led by Sasha Mirchandani (pictured), formerly BlueRun Ventures’ India head, reportedly raises $25m with venture firm and fund of funds backing.