Dell’s first Entrepreneur in Residence, Ingrid Vanderveldt, put together The Dell Innovators Credit Fund. Vanderveldt said: “Words fail to describe how proud and excited I am… This is a huge win for all of us entrepreneurs and business owners out there.”
Month: June 2012
Quixey searches out SK Planet
SK Planet, an innovation platform of SK Telecom, backs US-based search engine for applications, alongside venture firms including Innovation Endeavors, a firm founded by search engine Google’s executive chairman Eric Schmidt, and Atlantic Bridge Capital.
Fortune joins Cleveland Clinic Innovations
Venture firm Boston Millennia Partners’s Patrick Fortune joins Cleveland Clinic Innovations.
Skolkovo Foundation finds Frontier
The Russia-based development agency secures promise from Frontier Ventures to invest $20m in Skolkovo resident companies.
IP Group backs Marblar
The developer of intellectual property-based businesses takes a 33.1% stake in the platform looking to “gamify” technology transfer.
Kaiser Permanente flows into Trivascular
Kaiser Permanente Ventures is joined leading the series D round by venture firm Redmile Group.
Forest backs Nabriva
Healthcare company Forest Laboratories provides antibiotic drug company Nabriva Therapeutics with $25m for a new drug, and wins exclusive right to acquire the company.
Recruit in Wowzer deal
Japan-based recruitment industry company Recruit invests in video screening and interviewing company alongside venture firm DCM.
PhaseBio raises $23m
Johnson & Johnson Development Corporation and Astellas Venture Management back the drug developer alongside venture firms New Enterprise Associates, Hatteras Venture Partners and Fletcher Spaght Ventures.
Silicon Valley Bank helps PubMatic go to $45m
The US-based bank is joined by venture firms Draper Fisher Jurvetson, Nexus Venture Partners and Helion Ventures backing the digital media platform for publishers’ seed round.
High-Tech Gruenderfonds backs T-Cell Europe
Corporate-backed German state venture fund backs the cell therapy company, as well as Algiax Pharmaceuticals, a healthcare company.
BGF prints Cennox deal
Business Growth Fund, which was set up by UK-based banks, invests in cash machine company Cennox.
MapMyFitness rides to $9m
Sports-focused companies Competitor Group and Running Specialty Group help US-based health and fitness company MapMyFitness raise its series B round.
NRG, GeoEye shine for Geostellar
The US-based energy company NRG Energy and US-based spatial information company back Geostellar, which opted for strategic and angel backing, with no traditional venture firm support in its $14m round.