Mog, a music streaming service backed by three record labels, reportedly being sold to Dr Dre’s Beats.
Month: March 2012
Cisco floats in CTERA’s cloud
The US-based cloud network company wins backing of Cisco alongside Venrock and Benchmark Capital.
Red Robot walks to $5m
Next Media, a Taiwan-based animation company, joins Benchmark Capital and Shasta Ventures backing the US-based games maker.
Yummly chomps down $6m
Physic Ventures leads fundraising backing recipe search company Yummly.com, with its limited partner Unilever’s corporate venturing unit also participating.
Comcast, Liberty take Integrate to $11m
Comcast Ventures and Liberty Global are joined backing the US-based performance marketing company by Foundry Group
Linkage Ventures starts elderly fund
Linkage Ventures will identify, evaluate and invest in early stage technologies. Linkage itself will be a source of dealflow while CincyTech has access to public and private funding.
DST plans $1bn fund
Digital Sky Technologies (DST), a Russia-based firm, is raising up to $1bn for a late-stage venture fund, according to news provider Bloomberg.
Citrix agrees first exit
In September, Citrix Startup Accelerator and a group of angel investors provided an undisclosed amount to Nukona, which is being sold to Symantec.
Baosteel plans unit flotation
News provider China Business News said Shanghai Baosteel Packaging, which has US publisher International Data Group’s IDG Capital Partners and a private equity arm of China-based financial services group Citic Securities as investors, needed capital for expansion by its initial public offering (IPO).
Index gains healthy corporate backing
The fund strategy is modeled on a plan devised by the European Investment Fund (EIF) last year to encourage corporations to support established venture capital firms, according to a source close to the fund.
GameChanger shares $15000 of prizes
The competition was won by an urban pod designed for the Brazilian city of San Paolo.
Qualcomm Life forms advisory council
The chip and telecoms company formed the council and added partners to promote a technology being supported by its corporate venturing unit Qualcomm Ventures.
BBH moves into seed gaming investment
The ad agency teamed up with social gaming company Perfetti Van Melle, which owns the Chupa Chups brand on its first game.
Cleveland Clinic creates innovation alliance
Cleveland Clinic tied up North Shore-LIJ’s clinical facilities and its Feinstein Institute for Medical Research in a strategic alliance.