Shape has also recruited former Google ‘click fraud czar,’ Shuman Ghosemajumder.
Month: July 2012
ESB steams into Heliex round
The corporate venturing unit of Ireland-based utility ESB, has led the latest £5m ($7.8m) funding round raised by Heliex Power, which generates electrical power using waste steam from industrial processes. ESB NovusModus was joined in the round by UK-based oil major BP’s corporate venturing unit, BP Ventures. Bertrand Gautier, a partner of Novusmodus, said: “Heliex… Continue reading ESB steams into Heliex round
In-Q-Tel takes a Looxcie
The video camera company’s technology is being developed for the Department of Homeland Security Science and Technology Directorate, an In-Q-Tel customer agency.
Powerchip sells Rexchip stake
Taiwan-based Powerchip sold its 24% stake in Rexchip Electronics yesterday for NTD10bn ($334m) to US-based technology company Micron. Powerchip’s shares rose 7% in trading yesterday as Asian markets opened after the announcement. In 2006 Powerchip and Elpida, which is also being acquired by Micron for $750m in a related announcement, set up Rexchip as a… Continue reading Powerchip sells Rexchip stake
Comcast renews commitment to DreamIt Ventures
US-based media company Comcast’s corporate venturing unit has reportedly renewed its commitment to DreamIt Ventures, an incubator. DreamIt Ventures received new invesment from Comcast Ventures on June 13, according to news provider TechCrunch in an article linked to on DreamIt’s website. DreamIt will invest in two more cycles of DreamIt Access, and DreamIt Access will… Continue reading Comcast renews commitment to DreamIt Ventures
Procter & Gamble helps Cincinatti invest $55m
Procter & Gamble loans Jeff Weedman, vice president of global business development, to the local venture capital project called Cintrifuse for two years.
Telstra rings into IPscape
Australia-based telecoms company Telstra’s corporate venturing unit, has invested in IPscape, an Australia-based provider of contact centre applications. The deal is worth less than $5m, according to news provider Financial Review. The deal was revealed as Telstra Global announced IPscape would power its Virtual Contact Centre solution as part of a strategic partnership. The partnership… Continue reading Telstra rings into IPscape
Corimmun sells to Janssen Cilag
Corimmun, a Germany-based drug development company backed by High-Tech Gründerfonds,, has been sold to Janssen-Cilag, part of the Janssen Pharmaceutical Companies of US-based pharmaceutical group Johnson & Johnson. Corimmun received €680,000 ($855,000) of funding in 2008 from High-Tech Gründerfonds, Bayern Kapital and BioM in 2007. Corimmun’s main product is Cor-1, a peptide for the treatment… Continue reading Corimmun sells to Janssen Cilag
Dell buys Quest for $2.4bn
Quest was the subject of a bidding war which also involved private equity firms Insight Venture Partners and Vector Capital.
Gaikai secures $380m sale
The US-based cloud gaming company backed by Intel Capital and Qualcomm Ventures, sells to Sony, after raising $30m in a round backed by the corporate venturing units last year.
BGF jumps into morphsuit company
The fund backed by various UK banks invests in the fast-growing fancy dress company which has grown its revenues more than nine times in two years.
Acton, Holtzbrinck shop at Fashion for Home
The former corporate venturing unit of media company Hubert Burda Media is joined by the former unit of publishing company Georg von Holtzbrinck Publishing, backing the online shop for designer furniture.
MIH Allegro shops for Netretail
Netretail, a Czech Republic-based online retail holding company backed by Intel’s corporate venturing unit, has sold a controlling stake to MIH Allegro, a subsidiary of South Africa-based media group Naspers. Klaus Konrad, investment director of Intel Capital, said: “During the period of our investment, Netretail’s management developed a strong operating team and implemented automated business… Continue reading MIH Allegro shops for Netretail
Fiksu dials into $9m
Fiksu, a US-based mobile app marketing company, has raised $9m, and the round was reportedly backed by US-based semiconductor company Qualcomm’s corporate venturing unit. Qualcomm Ventures joined the round, according to news provider TechCrunch. Fiksu also said in a Securities and Exchange Commission filing yesterday that it had raised $9m of a planned $10m round.… Continue reading Fiksu dials into $9m