Massachusetts based tech firm Lilliputian Systems raises $40m from investor including Intel, as part of a planned $60m series C equity round, plans Moscow expansion.
Month: September 2012
KEYW secures SenSage
Cyber security company KEYW secures its second deal in under a week with the acquisition of SenSage. A deal worth upwards of $34.5m
Google Ventures votes for Republic Project
Google Ventures is heading the Series A funding of online ad campaign creation website Republic Project.
YourMechanic wins TechCrunch prize after locking up $1.8m
CrunchFund, which was set up with the backing of technology company AOL, helps YourMechanic raise $1.8m.
Citrix invests in CumuLogic
US virtual computing provider Citrix invests an undisclosed sum in Cupertino based cloud software provider CumuLogic.
Goldman floats Zendesk to $60m
The cloud-based customer service provider was also backed by US-based bank Silicon Valley Bank, as well as venture firms GGV Capital, Index Ventures, Matrix Partners, Benchmark Capital, and Charles River Ventures.
Smith Electric IPO stalls
Smith Electric, backed by the Tanfield Group and SEV Group, had set a range, with a mid-point of $76m, before pulling its IPO on Friday.
Samsung charges up Voltaix
Samsung’s corporate venturing unit backs the company, joining Intel Capital and venture firms MissionPoint and Novus Energy Partners as investors.
Evonik hires Stoeber for North America
Stoeber joined Evonik Corporate Venturing in North America at the beginning of September. His office is in Parsippany, New Jersey, where Evonik also has its US headquarter.
Sasol charges up with Oxis Energy
Sasol, a South Africa-listed energy company, has invested £15m ($22m) for a minority stake in Oxis Energy, a UK-based rechargeable battery maker for electric bikes and cars. Henri Loubser, managing director of Sasol New Energy (SNE), said: “This strategic investment in Oxis Energy will allow Sasol to apply its extensive experience of commercialising and scaling… Continue reading Sasol charges up with Oxis Energy
Renren finds way to Mapbar
IDG, the corporate venturing unit of US-based publisher International Data Group, and undisclosed investors made up the rest of the C round consortium.
Renren exits ELong
Renren, a US-listed Chinese language social network, has sold its minority equity stake in Nasdaq-listed travel company ELong for $72.4m. Nasdaq-listed travel reservations provider Expedia bought Renren’s holding for $23 per share. Joseph Chen, executive chairman of Renren, said: “Our early investment in ELong helped us build mutually beneficial commercial ties as well as generate… Continue reading Renren exits ELong
Renren invests $49m in SoFi
Social Finance (SoFi), a US-based crowdsourcing platform for alumni to provide loans to students, has raised $77.2m in its series B round from a consortium including Chinese-language social network Renren. Renren, which floated on the New York Stock Exchange in May last year, said it invested $49m of the round. The other members of SoFi’s… Continue reading Renren invests $49m in SoFi
The Big Deal: Renren’s SoFi
Moving into financial services opens up a very large business, which the wisdom of crowds and big data analytics can be applied to make more and hopefully better investment decisions at a lower cost.