Rob Trice (pictured), senior managing director of South Korea-based phone operator SK Telecom’s corporate venturing unit in the US, has left after nearly four years to work at least part time for peer Swisscom. Swisscom Ventures in Silicon Valley, California, had worked in the same building as SK Telecom Ventures (SKTV). Trice, who declined to… Continue reading Trice leaves SK Telecom Ventures
Month: June 2012
Noesen leaves Flex New Ventures
Katherine Noesen, vice-president of Flex New Ventures, had joined Flextronics in September.
The Big Deal: Xiaomi
The fifth anniversary of Apple’s disruptive innovation of the mobile phone market with its launch of the iPhone seems an appropriate time to look at the explosive success of one of its imitators. US-based media’s fixation on communications platforms – last week’s sale of Yammer to Microsoft for $1.2bn just being the latest – has… Continue reading The Big Deal: Xiaomi
Corporations join statistical fold
Corporate venturing is starting to take its place in the light of statistics collected about the broader venture industry. This has many positive implications, as firms can track their positioning, entrepreneurs can judge where potential sources of funding might come from and senior management can gain the comfort blanket of knowing they are not stepping… Continue reading Corporations join statistical fold
Abound Solar feels bankruptcy’s shade
In December 2010, oil major BP’s corporate venturing unit had joined the consortium investing $110m in Abound.
DramaFever subtitles extra $1.5m
DramaFever, a US-based online video platform, has increased by $1.5m its $4.5m series B round that initially closed in March with a host of media companies joining the syndicate as strategic investors. Cable network AMC, Germany-based media group Bertelsmann’s Digital Media Investments corporate venturing unit and NALA Investments, the family office for the Diez Barroso… Continue reading DramaFever subtitles extra $1.5m
Tesaro completes $81m flotation
The company priced six million common shares at $13.50 each, which was the middle of its $12 to $15 per share range and for an initial market capitalisation of $360m.
Carena dials into $14m cure
Carena, a US-based developer of a healthcare delivery model, has raised $14m from a consortium led by non-profit health system Catholic Health Initiatives (CHI).
Strategics fly into Aviary
The named investors were venture capital firm Spark Capital and Bezos Expeditions, the investment vehicle of Jeff Bezos, chief executive of online retailer Amazon.
Chill relaxes with $8m
Talent and literary agency William Morris Endeavor and venture capital (VC) firm Kleiner Perkins Caufield & Byers co-led the round
Yatra plans to buy Travelguru
Travelocity had acquired Travelguru, which has a portfolio of 6,500 hotels in India and 72,000 hotels worldwide, in 2009.
EXA floats on Nasdaq
EXA, a US-based provider of simulation software and services for vehicle manufacturers, raised $62.5m in its Nasdaq stock exchange flotation. The company priced 6.25 million common shares at $10 each, which was below its planned $11 to $13 range and for an initial market capitalisation of $132m. EXA’s shareholders include mutual fund manager Fidelity’s Ventures… Continue reading EXA floats on Nasdaq
ARM sells Cognovo to U-Blox
A source close to the deal said ARM, which declined to comment, was unable to find other venture capital (VC) partners that were ready to help create Cognovo and in the end decided not to be the only funding source.
Clarkson breezes into SAP Ventures
Clarkson was previously a director at venture capital firm Draper Fisher Jurvetson managing its DFJ Global Network.