The venture firm of Google chairman Eric Schmidt is joined by First Round Capital, Greycroft and others backing the joke website.
Month: April 2012
Intertainment Media listens in to Tunezy
Intertainment Media snaps up a 20% stake in the social platform for music after it won an entrepreneurship competition.
D.cn games to $20m
Saif Partners, backed by US-based technology company Cisco, reportedly takes D.Cn to $20m round.
IBM highlights ‘era of smart’
For US-listed IBM, which coined the term era of smart, its own value will be created from amplifying innovation and creating technology and a platform for others to help increase the abilities of individuals and institutions.
The Big Deal: Cynics and Quantenna
The $79m oversubscribed up-round for Quantenna, comes after corporate venturing units played a part in putting the wi-fi chip company on a path to success.
Li set for next giant leap
The Russian Space Agency is expected to be taking her on its launch in May.
Innovacom spins off from France Telecom
France-based corporate venturing unit Innovacom has spun off from its parent after raising a seed fund from third parties in 10 months. Innovacom, which invests in Europe and the US, had been part of phone operator France Telecom for more than 21 years and the move to independence was designed to reassure its new limited… Continue reading Innovacom spins off from France Telecom
WPP shops at MySupermarket
The communications company backs MySupermarket, which has two million users in the UK and has been growing at 100% a year.
Qualcomm dances Tango to $40m
Qualcomm Ventures helps the mobile video communications company take the total sum raised in its history to nearly $100m.
Oncorps flies to SkySQL
OnCorps, a social networking start-up for technology veterans backed by venture firm Andreessen Horowitz, has taken part in a $4m funding round using an angel fund it runs for its community of users.
Clovis sells another $75m shares
Biopharmaceutical company Clovis Oncology, backed by Pfizer, sells the shares following its initial public offering in November last year.
Tencent dials into Kakao Talk
Tencent and Korea-based games developer Wemade Entertainment join the corporate venturing unit of online media and development company CyberAgent backing the Korea-based mobile messaging application maker.
Allianz, Jefferies back Viadeo
Jefferies has invested in social networking company Viadeo’s $32m fundraising, while it is also exclusive financial advisor to Viadeo.
Lumeris, Blue plans buy Navinet
Three Blue healthcare plans partner with venture-backed healthcare technology company Lumeris to buy real time communication network Navinet, backed by GE Equities.