Medical technology company Medtronic has acquired orthopaedic device manufacturer Kanghui Holdings for $816m.
Month: October 2012
Volvo sets up in North America, eyes Asia
The company has renamed its corporate venturing unit Volvo Group Venture Capital, headed by Johan Carlsson (pictured), to reflect its broadened mandate, which includes being able to make acquisitions and take majority stakes.
Tseng becomes CEO at CrowdStar
Gaming company CrowdStar have appointed Jeffery Tseng to chief executive [CEO]. Former CEO, Peter Relan, will return to his role of executive chairman on the board of directors.
In-Q-Tel backs Cloudant
In-Q-Tel, the quasi-corporate venturing unit of the Central Intelligence Agency, makes an investment in the web-based data storage service, Cloudant, which was conceived at MIT and graduated from incubator Y Combinator in 2008.
Buuteeq checks in with $10m fresh capital
US-based expense management company Concur Technologies joins with early Amazon investor Madrona in a series A extension for the online hotel marketing company.
Celgene teams up with VentiRx
US-based biotech company Celgene collaborates with MedImmune Ventures-backed VentiRx Pharmaceuticals on development of cancer immunotherapies in blood, receiving options to both acquire equity as well as buy the company.
Cozy huddles up to $1.5m
Startup incubator io/LA’s Cozy, makes it’s venturing debut with financial input from Google and others.
Rainstor concludes $12.5m Series C
Enterprise data management company Rainstor continues expansion and product development with financial banking from venture companies and several multinational corporations including Credit Suisse and Dow Chemical.
Google, Greylock lead $2.4m seed funding
Predictive voice app developers, Expect Labs, has raised $2.4m in a seed funding round that saw investment from Google Ventures and Greylock Partners. The start-up’s MindMeld app will be launched this month.
Brandscreen negotiates $11.2m B round
Macquarie Capital led the Series B round for advertising technology company and Facebook partner Brandscreen, which closed at $11.2m.
Intel leads way to new order
The world of how fast-growing entrepreneurs can gain the funding and support they need is changing as the traditional venture capital model reaches its pensionable age.
Lynch takes ‘gun’ to venture ‘knife fight’
Michael Lynch (pictured), co-founder and former chief executive of software provider Autonomy, has set up Invoke Capital in order to bring a “gun” to the venture capital “knife fight”. Lynch, paraphrasing a quote from the film Untouchables, said this was a phrase – “bringing a gun to a knife fight” – widely used at Autonomy… Continue reading Lynch takes ‘gun’ to venture ‘knife fight’
Lee heads Skype New Ventures
Stephen Lee (pictured), a former principal at Samsung Ventures, has joined online phone operator Skype’s new corporate venturing unit. As head of new ventures development at Skype, a division of software provider Microsoft, Lee’s LinkedIn profile said he is a venture investment professional partnering with innovative entrepreneurs and start-ups focused on digital media and wireless.… Continue reading Lee heads Skype New Ventures
Merck commits $250m more to venturing
US-based pharmaceutical company Merck’s Global Health Innovation Fund has gained another $250m to invest in healthcare and will look outside of the US for the next tranche. The additional commitment comes after the corporate venturing group has invested nearly all of its first tranche within the past two years in healthcare start-ups outside Merck’s core… Continue reading Merck commits $250m more to venturing