Eight19 targets $8m round in January, following an earlier round in 2010 from Carbon Trust, Rhodia, and Cambridge Enterprise.
Month: March 2012
Equaship suspends service
The Newell Rubbermaid-backed and US-based parcel carrier suspends its service in February.
Reply says no to IPO
Atel Ventures-backed Reply aborted its flotation in February due to market conditions.
Tel-Ad gifts Bday $2m
Israel-based technology company Tel-Ad Electronic backs Bday’s $2m round, as it launched on Facebook.
Apollo raises $47.6m
Novo helps Apollo Endosurgery raise $47.6m.
Fulcrum Bioenergy updates IPO filing
The US-based garbage to ethanol company raised a$93m funding round backed by Waste Management last year.
Biomagnetics Diagnostics eyes $1bn China plastics play
The US-based medical diagnostics company has spun off a plastics company with in partnership with a Chinese province, which its chief executive says could be a $1bn opportunity.
Big Deal: Novaled shows cost is not the same as value
Samsung Venture Investment Company, the corporate venturing unit of the eponymous South Korea-based conglomerate, is nearing first potential exit from its European team set up two years ago.
IPO swings and roundabouts
Now could be a good time to push through some exits/public funding rounds.
Cate Poulson joins BGF
She formerly managed private equity firm 3i’s relationships with senior executives and non-executives across a range of sectors and geographies.
Relay Ventures calls up fresh start
Formerly known as ATP Capital, Relay Ventures will manage the BlackBerry Partners II fund, with investors – called limited partners – from Canada-based Northleaf Capital Partners, Research In Motion (the maker of the Blackberry phone), Corus Entertainment and Thomson Reuters.
Neiman Marcus tries on Glamour Sales
Neiman Marcus, which is owned by private equity firms Warburg Pincus and TPG, is investing $28m in Glamour as its first move into China’s luxury market.
Core raises $45m fund
In 2010, Core launched a $30m fund, Core Innovation Capital I fund, with Goldman Sachs as an anchor investor, although the firm has made eight prior investments through the CFSI Catalyst Fund.
Gavilon chews on $5bn exit option
Merchandising and distribution company Gavilon is backed by Egypt-based industrial conglomerate Orascom Construction Industries, which owns 16.8%.