Spartan Race decrees “This is Boston” as the obstacle race company uses $4.25m investment from Jim Pallotta to set up Boston headquarters.
Month: August 2012
$50m lightbulb above Inspiration’s head
Inspiration Biopharmaceuticals renegotiates deal with French biotech firm Ipsen and comes out $50m better off with another $165m waiting in the wings.
Yext sells Felix to IAC’s CityGrid
Yext sells its primary business Felix to IAC’s CityGrid Media for around $30m as it concentrates on a new service.
Li3 mines for $10m
Lithium miner Li3 closes $10m second tranche funding from Posco.
Magnet attracts $35.4m from HTC
Enterprise application start-up Magnet Systems attracts $35.4m Series B investment from smartphone manufacturer HTC, after the firm takes a $40m loss on cloud-gaming service OnLive.
BCBS bandages up Patientco
BlueCross BlueShield Venture Partners and Sandbox Industries co-lead a $3.75m Series A funding round for healthcare payment management firm Patientco.
Fico acquires Adeptra for $115m
Analytics provider Fico acquires risk intervention firm Adeptra for $115m.
JP Morgan likes Zalando’s fashion
JP Morgan has made an investment in the Samwer brother’s fashion retailer Zalando.
Intel gives ELike thumbs up
Intel Capital invests an undisclosed sum in ELike, and makes it a hat-trick for investments in Brazilian online fashion retailers.
App Annie raises $6m B round
App analytics provider App Annie raises $6m in series B funding in a round led by Greycroft Partners.
Why value investing is smart
The question taxpayers, voters and employees will start to ask is whether government strategies are priming an innovation capacity in areas that a country, ie its companies primarily, have no interest or capacity to commercialise whether through corporate venturing and then acquisitions?
How venturing can disrupt public markets
While institutional investors remain infatuated with shorter-term measures they remain vulnerable to manipulation but success by corporate venturing groups into timing exits could provide an interesting example to help create a solution for others to follow.
Cleveland Heart pumps with $30m
Power Heart Consortium, a Korean private equity group, invested in Cleveland Heart, which is a joint venture between Cleveland Clinic and medical technology company TransWorld Medical Devices.
SpaceCurve loops in $3.5m
Venture capital firm Triage Ventures joined existing investors Reed Elsevier Ventures and VC peer Divergent Ventures in providing the A-extension.