The Facebook branding company is the first graduate from the JFDI-Innov8 2012 Boot Camp, an incubator backed by Singtel’s corporate venturing unit, to receive external funding.
Month: July 2012
Saudi Aramco officially launches unit
Saudi Arabia-based energy company Saudi Aramco on Sunday officially launched it corporate venturing subsidiary Saudi Aramco Energy Ventures, which was first flagged by Global Corporate Venturing in February. Khalid Al-Falih, president and chief executive, Saudi Aramco, said: “Saudi Aramco Energy Ventures represents a significant step forward in our corporate transformation to become the world’s leading… Continue reading Saudi Aramco officially launches unit
NXT Capital beams $3.5m to Skycross
Skycross, a US-based developer of wireless radio antenna backed by the corporate venturing units of Japan-based phone operator NTT and US-based semiconductor company Intel, raises $3.5m in debt.
ETV backs On-Ramp
On-Ramp said last month $10.1m of a planned $30m round had been raised, according to a Securities and Exchange Commission filing.
Qualcomm shops for Big Shoe Bazaar
Karthee Madasamy, a senior director at Qualcomm Ventures, says: “Our investment in Big Shoe Bazaar has come at a time when the rapid rise of smartphones, tablets and social media networks stands to greatly influence the way people engage in online shopping.”
Sorin pumps up Cardiosolutions
Italy-based medical device company Sorin Group also has an option to acquire the US-based heart treatment company.
Early Stage Investing – where are we now?
Young Company Finance Scotland – Annual Conference
Elron backs Cartiheal
Israel-based technology holding company Elron joins venture firms Accelmed and Access Medical Ventures, and Peregrine Ventures backing the Israel-based cartilage treatment company.
Microsoft opens Bing Fund
The Bing Fund’s general manager is Rahul Sood, who set up VoodooPC, which was sold to Hewlett Packard in 2006.
Audeo listens in to $60m IPO
Alchemia acquired Audeo in 2006, when it was known as Meditech Research, paying $16.9m in shares plus a $2m loan.
Anton gushes for Schlumberger
Anton first hatched a strategic cooperation agreement with Schlumberger in 2010 in the areas of drilling fluids and well-cementing services.
Biolex files after $190m in VC money
Biolex filed for chapter 7 on July 3, according to news provider Triangle Business Journal. Investors had invested $190m in Biolex since it was founded in 1997, Triangle Business Journal said.
MP Healthcare backs Genkyotex
Genkyotex was joined in the series C round extension by private equity firmEdmond de Rothschild Investment Partners, venture firm Vesalius Biocapital Partners, and incubator Eclosion.
Aster lights up Lucibel
The venture firm backed by Alstom, Solvay Rhodia and Schneider Electric invest in the France-based light emitting diode company.