The US-based real-time location technology developer backed Intel and Cisco reportedly secures an exit.
Month: June 2012
Alereon lit up by $6m
The wireless LCD monitor company backed by Korea-based conglomerate Samsung’s corporate venturing unit and South Korea Telecom, wins backing from venture firms including Enhanced Capital Partners.
Merck Serono employees campaign for more VC
Workers at Germany-based pharmaceutical company Merck Serono are reportedly campaigning for it to do more venture capital, as part of a protest about the shut down of its Swiss base.
Optimizely clicks with Google
The US-based website testing company set up by former Google product managers wins backing from the US-based search engine’s corporate venturing unit.
AssureRX raises $12.5m
The company which selects drugs for neuropsychiatric patients is backed again by healthcare company Mayo Clinic and hospital Cincinnati Children’s Hospital, which is based on technology from the two investors.
Sonian floats to $13.6m
The cloud company backed by online retailer Amazon and technology company Webroot Software, raises funds in a round led by OpenView Venture Partners.
Cox helps iHigh raise $11.7m
US-based youth television platform iHigh secures $60m valuation after Cox’s backing.
Corporates should grasp VC olive branch
The venture community nowadays is far more welcoming of corporates.
The Big Deal: Nanosolar/Konarka
As the founder of one of the firms that has just been backed said: “My theory is that any company able to hold out to 2014 will be a winner.”
Ceres calls for UK tax breaks
“Introducing tax incentives for corporate investments in SMEs [small and medium-sized enterprises], together with any capital gains and dividends from these investments, could help stimulate the necessary step-change in corporate investment behaviour.”
Mitsui helps varnish Redwood’s $11.75m round
The Japanese corporate is joined by Battery Ventures, US Venture Partners and Index Ventures backing Redwood Systems, a US-based lighting company.
PwC to launch accelerator programme in Russia
The UK-based consulting and accountancy firm, is planning to launch an accelerator programme in Russia this autumn.
Excursiopedia wins 42 Conference pitch event
Multi-lingual online service Excursiopedia takes prize at pitch event in Russia, winning 10 free hours of consulting from PwC, the accountancy firm.
Kona’s blood runs high for $30m
Hypertension treatment company Kona Medical wins backing of unnamed medical technology company as well as venture firms including Essex Woodlands and Morgenthaler Ventures.