CI’s investment was part of a $6.6m series A round also involving venture capital firms EJ Funds (affiliated with EJ Financial Enterprises), Kuzari Group and Advantage Capital Partners, Yale University, and angel investors.
Month: October 2012
DDMap finds direction to Citi
Founded in 2005, DDMap had previously been Taiwan-based smartphone maker HTC, family office Morningside Group and venture capital firm KTB Ventures.
Zeachem extends C round
In March, Itochu bought a stake in Zeachem for an undisclosed sum and now adds to its C round.
SingTel finds Guanxi A round
SingTel Innov8 has led the Series A round of funding for mobile social network service Guanxi.me that locates and finds relative people and places.
7digital streams $10m
Music service 7digital has received $10m in funding to help expand its new B2B platform.
Avalon subscribes $2m for Selectable
Video advertising company Selectable Media receives $2m in Series A funding from Avalon Ventures.
The Big Deal: Ancestry and LivingSocial
Question of whether senior management can invest counter-cyclically and stay the course if the investment thesis remains true even if economic conditions turn sour.
Japan’s spirit of ‘adventuring’
Outside of Japan, the reputation of corporate venturing units both from new and established companies in syndicates is highly regarded.
Corporations create CIO roles
Role of chief innovation officer expands.
BSA backs Deutsche Telekom’s incubator
The Germany-based Berlin Startup Academy (BSA) is partnering with local phone operator Deutsche Telekom’s incubator to offer two startups €5,000 ($6,500) pre-seed cash each without having to give up equity. They will need to be part of the BSA’s five-month, part-time training programme and spend the cash on their new company with the opportunity to… Continue reading BSA backs Deutsche Telekom’s incubator
Allscripts makes challenge
The challenge will feature $750,000 in total awards, with the overall winner taking home $250,000 for apps focused on the management of high cost chronic diseases and value-based care imperatives.
Omnivore eats up two deals
Omnivore’s two latest investments are R5crore ($1m) in agri-tech start-up FrontalRain and an undisclosed amount for agricultural equipment firm Khedut Agro.
Google Ventures designs expansion
Google Ventures, the corporate venturing unit of the eponymous US-listed search engine provider, has set up a designer-in-residence programme for its portfolio companies. Google Ventures has picked Brian Yeung and Caroline O’Connor as its first two designers-in-residence. Yeung previously worked on software provider Microsoft’s games platform, Xbox, while O’Connor is a faculty member at the… Continue reading Google Ventures designs expansion
GoalBook finds its EdMentor
GoalBook, a US-based education testing start-up, has raised $915,000 in its seed round from a consortium including technology training company EdMentor. NewSchools Venture Fund, a non-profit venture capital firm that invested $200,000, led the round which included VC firms Rethink Education and and Patient Capital Collaborative’s SustainVC fund, and angel investors Greg Gunn, Steve Shulman… Continue reading GoalBook finds its EdMentor