Flat6Labs receives between 10% and 15% equity in exchange for the financing and incubation of start-ups.
Month: August 2012
Intercept cuts off $30m
Venture capital firm OrbiMed Advisors led the C round, with Intercept’s majority investor, Genextra, also participating.
Intel Capital cuts listed holdings
Intel Capital, the corporate venturing unit of US-listed chipmaker Intel, has continued to cut the value of its listed portfolio in the 12 months to end-June. In a regulatory filing this month, Intel said it corporate venturing unit as well as the Middlefield Ventures portfolio held stakes in listed portfolio companies worth an aggregate $192.1m… Continue reading Intel Capital cuts listed holdings
Elan spins out Neotope
Ireland-based drug developer Elan has spun out its research and development unit but will retain a 14% to 18% stake. Elan will fund the drug discovery unit, Neotope Biosciences, and will provide $130m, which is about two years’ worth of funding for its research, according to news provider Fierce Biotech. Dale Schenk is chief executive… Continue reading Elan spins out Neotope
Dianping raises further $60m
In May last year, Dianping raised $100m in its series C round at a $1bn valuation.
Google searches out WantWorthy
WantWorthy, a website bookmarking service for shoppers, has raised $1m from a consortium including online search engine Google’s corporate venturing unit. Venture capital firms RRE Ventures, which led the round, and Quotidian Ventures joined Google Ventures and several angels in WantWorthy’s seed round. The angels included University of Pennsylvania professor Eric Bradlow, who taught WantWorthy… Continue reading Google searches out WantWorthy
SiOnyx lasers in on In-Q-Tel help
In October 2010, SiOnyx raised $12.5m in its series B round from a consortium including laser maker Coherent.
ECM gushes with Saudi backing
Saudi Arabia-based oil company Saudi Aramco’s corporate venturing unit has commited to invest up to $120m per year in European start-ups through Norwegian venture capital firm Energy Capital Management (ECM). Saudi Aramco Energy Ventures (SAEV), which was formerly founded last month, said ECM would look for early-stage technology companies with products and services useful to… Continue reading ECM gushes with Saudi backing
Baker Hughes bites into Verdande
Baker Hughes, a New York-listed oil services company, has taken a minority equity stake in Verdande Energy, a subsidiary of Norway-based Verdande Technology. Baker Hughes will become a user of Verdande Technology’s case-based reasoning (CBR) software platform for oil and gas applications, DrillEdge. Scott Schmidt, president of drilling and evaluation for Baker Hughes, said: “Integrating… Continue reading Baker Hughes bites into Verdande
Ping An starts RMB1bn fund
The Ping An Innovation Center is the first fund established by a major financial institution in China, the company said.
Upstart finds crowd for $1.75m
Alongside Google Ventures in the seed round were venture capital firm Kleiner Perkins Caufield & Byers and angel investor Mark Cuban.
Pure Storage hordes $40m
Samsung Venture Investment Company has also been an investor in Pure, which has raised $95m over its lifetime, but was not mentioned in the D round.
Visible Measures draws $21.5m
Video analytics provider Visible Measures, backed by Advance Publications and DAG Ventures, raises $21.5m to boost growth.
ParStream crunches on $5.6m
Alongside Crunchfund in the A round were venture capital firms Khosla Ventures, which led the round, Baker Capital, Data Collective and Tola Capital and individual angels.