The company reportedly joins L Capital Partners, the corporate venturing unit of luxury goods company LVMH, backing India-based retailer Fabindia, which is more than 50 years old.
Month: March 2012
Buddy Media finds Brighter Option
WPP-backed Buddy Media, a US-based enterprise software company, acquires UK-based rival Brighter Option.
Hello Health waves to $10m
The corporate venturing fund of the Blue Cross and Blue Shield Association backed the US-based electronic patient management system.
Lenovo backs Vertex to target Israel
The China-based computer maker invests in the Israel-based venture firm in an effort to further target that country.
A sci-fi homage to Catalonia
Grappling with this incredibly fast transformation of the world is what corporate venturing units attempt to do.
Saint-Gobain starts fourth competition
Nova External Venturing, the Saint-Gobain corporate venturing unit, is looking for innovations in construction products, advanced materials, energy efficiency and environmental sustainability
Bos brews Invenfin deal
Manchester United football manager Sir Alex Ferguson is buying a further 10% of Bos, which makes Rooibos tea in a can.
BeCapital heats up with Verdesis
BeCapital, the €150m ($200m) corporate venturing fund of Belgium-based consultants BeCitizen, has taken a minority stake in a biogas company. BeCapital has invested €11m and subscribed to a further capital injection of €14m next year in Verdesis, which is majority owned by France-based utility EDF Energies Nouvelles. EDF Energies Nouvelles retain 65.5% of Verdesis, with… Continue reading BeCapital heats up with Verdesis
Sensys Network shows way to $8.5m
Michael Sears of Siemens Venture Capital will join the board of Sensys.
Noble washes clean with $8m
The round was led by Canada-based investment firm Northwater Capital’s Intellectual Property Fund with participation by existing investors, venture capital firm TL Ventures and DuPont Capital Management, which invests on behalf of US-based chemical company DuPont’s pension fund.
Software bakes deal with Terracotta
Terracotta has completed at least two rounds of post-seed funding from a consortium including investment bank Goldman Sachs, which has used the portfolio company’s products on its trading room floors, and Presidio, the corporate venturing unit of Japan-based conglomerate Sumitomo and its subsidiaries, including Sumisho Computer Systems.
Hapoalim starts $20m fund
Amir Aviv, chief executive of Poalim, will head the fund, with Bank Hapoalim’s Ari Pinto, head of corporate strategy, and Zvi Naggan, head of information technology a former Amdocs executive, on the committee, according to news provider Globes.
Johnson Controls starts venturing
Johnson Controls reportedly invests in Nth Power’s planned $200m fund and also takes a $5m stake in US-listed Azure Dynamics.
Tudor joins Castrol InnoVentures
From today, Tudor will report to Roy Williamson, managing director of Castrol InnoVentures.