SAP Ventures and Comcast Ventures were joined in the round by venture firms Kleiner Perkins Caufield & Byers, which led the fundraising, as well as venture firms Accel Partners and a large unnamed institutional investor.
Month: July 2012
Polaris revs up Brammo
Vehicle company Polaris Industries has led the latest fundraising round of Brammo, a US-based motor-bike manufacturer. Brammo has raised $13m of a planned $45m series C round. Polaris is both investing and providing opportunities for Brammo’s drivetrain technology to be used in powersports products. Last year, sporting activity and electric vehicle manufacturer Polaris Industries made… Continue reading Polaris revs up Brammo
23andMe buys CureTogether
23andMe, a personal genetics company backed by the corporate venturing units of US-based search engine Google and US-based healthcare company Johnson and Johnson, has bought CureTogether, a US-based patient-driven research company. In 2010 23andMe’ C round raised more than $22m from Johnson & Johnson Development Corporation, New Enterprise Associates and Google Ventures. An update filing… Continue reading 23andMe buys CureTogether
Wieden + Kennedy floats with Cloudability
Venture firms Foundry Group, 500 Startups and Trinity Ventures join US-based advertising company Wieden + Kennedy backing the cloud cost monitoring start-up.
Qualcomm expands global team
Qualcomm Ventures, the corporate venturing unit of US-listed technology company Qualcomm, has expanded its team in Europe, the US and Latin America. Carlos Kokron has joined as managing director of Latin America based in São Paulo, Brazil, after previous roles including as director of Intel Capital for Latin America and Southwest US and as a… Continue reading Qualcomm expands global team
Experience counts in building teams
For experienced corporate venturers their talents will be increasingly in demand as the wave of new units being formed continues to increase, thereby allowing them to drive better terms and power even in well-manned corporations.
VTB Capital joins Fast Lane
VTB has reportedly led an $18m series C round for Fast Lane Ventures, which has incubated online dating site Teamo.ru, Pinternet clone Pinme.ru and location-based shopping service Locata.
IntegenX buys Bio-Sciences
In December, IntegenX raised $40m in series C financing from investors including corporate venturing unit Samsung Ventures and In-Q-Tel, the venture capital (VC) firm supported by the US intelligence community.
McCombs starts venturing fund
Fraser McCombs Capital has raised almost $40m ahead of its final closing.
Yandex grows with Seedfund
Last year, Yandex started its domestic seed investment program, Yandex.Factory.
Svas Biosana raises $8m
Svas Biosana, an Italy-based medical devices company, has raised €6m ($8m) from IMI Fondi Chiusi and from Banca Intesa’s Atlante Private Equity.
Smart Design hires Hui
Gordon Hui was previously assistant vice-president in US-based insurer Hartford Financial Services Group’s innovation and corporate venture capital group
The Big Deal: Intel moves to African beat
Corporates should prepare an Africa strategy, as early movers like technology companies Intel and IBM are dipping their toes into the region.
Intel wraps up $5m for CashStar
Intel Capital is joined in the round by venture firms Passport Ventures, FTV Capital and Steven Boal, co-founder of CashStar.