Google reportedly picks up some of the staff of entrepreneur Kevin Rose’s mobile application company, which is shutting down its main app, after the company was backed by Google Ventures in November.
Month: March 2012
MWW Ventures launches
The corporate venturing unit of public relations firm MWW has done its first deal, backing one year old start-up BuzzMob in a services for equity exchange.
Nexthink puzzles out $5.5m
Qatar-based trading and services company Mannai Corporation has helped Swiss-based cloud computing company Nexthink raise $5.5m. Mannai was joined leading the series C round by prior backers of Nexthink, venture firms Auriga Partners and Venture Incubator. Venture Incubator was established by US-based consultancy McKinsey & Company and the Swiss Federal Institute of Technology in Zürich,… Continue reading Nexthink puzzles out $5.5m
Israel Corp unit fuels up Primus
IC Green Energy backs the bio-fuels company, which is looking for other strategic investors to bring its gas-to-fuel conversion technology to market.
NVCA Annual Meeting: 24-25 April 2012
Hyatt Regency, Santa Clara, California
Iris communicates venture future
Iris Capital’s funding reflects a world order where hyping of internal rates of return by a quick cash exit and quarter-by-quarter changes to strategy are less necessary but the skills built in building businesses and asset values can be funded by parties that are looking at a broader picture.
The Big Deal: Softbank dances with robots
In this world, and future ones of potential products derived from the operation of sentiment machines able to learn, could be sparked the next wave of productivity and economic growth.
Iris gains second corporate mandate
France Telecom chooses outside group to manage its commitment after Iris won STC mandate last year.
Shire snaps up Ferrokin
The biotechnology company backed by a Mitsubishi unit, which treats patients with excess iron in their blood, sells for up to $325m
Intel backs youngest entrepreneur
The 23-year old head of the US-based social loyalty marketing company 500Friends is reportedly the youngest entrepreneur Intel Capital has ever backed.
Intel shines up BrightEdge with $12.6m
The California-based digital marketing company says it plans to open offices in New York and London.
Boku rings up $35m
Telefónica Digital has helped US-based mobile payments company Boku raise $35m. Telefónica was joined in the round by New Enterprise Associates, Andreessen Horowitz Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures. Matthew Key, executive chairman of Telefónica Digital, said: "Payments are going mobile and we want to be at the forefront of this trend.… Continue reading Boku rings up $35m
LifeLock hunts down ID Analytics
Symantec-backed consumer identity security company LifeLock acquires Investor Growth Capital-backed rival ID Analytics.
SG Biofuels fuels up with $17m
Life Technologies Corporation and Flint Hills Resources-backed SG Biofuels has raised $26.4m across two rounds.