FundersClub selects start-ups and then lets its members, who have an annual salary of more than $200,000 or net worth of over $1m, invest online.
Month: October 2012
Flat6Labs gains Vodafone’s support
The three Flat6Labs incubees now funded by Vodafone Ventures Egypt are: online supermarket Estery; taxi booking service Ogra and television applications developer GyroLabs.
Business Partners raises fund
Business Partners will invest R80m per year, for the next five years, into globally ambitious start-ups, according to news provider Business Times.
LendUp searches for Google
Alongside Google Ventures in the round were venture capital firms Kleiner Perkins, Andreessen Horowitz, Thomvest Ventures, Kapor Capital, Bronze Investments, Founders CoOp and Data Collective, DST-backed Startfund and angel investors
BoSci adds Rhythmia’s heart
BoSci said it would pay $90m initially and a further $175m in performance fees if targets were met over the next five years.
Zayo buys First Telecom
First Communication is a portfolio company of private equity firm Gores Group and New York-listed utility FirstEnergy.
University backs corporate fund
The US-based University of Cincinnati (UC) will commit up to $10m to support a corporate venturing-backed local accelerator in the city. The university said it would invest $5m initially and up to $5m more in Cintrifuse as part of the accelerator’s planned $100m programme to invest in local start-ups and venture capital funds in other… Continue reading University backs corporate fund
Retty gains three orders
Retty said the money would help it launch its international websites in the US and Singapore on iPhone and Android later this year.
Gree lifts with Bukalapak
Gree’s, a Japan-based social media group, corporate venturing fund has made its second Indonesian investment by backing electronic commerce provider Bukalapak.
Gree enters Indonesia
PriceArea.com raised an undisclosed amount in its series B round from Gree Ventures.
Gree backs two games developers
Gree, a Japan-based social media group, has invested in two games technology start-ups, Wizcorp and Canada-based Iugo Mobile Entertainment. Gree said it might use its latest portfolio companies’ game development engines for a number of future releases in the US and other international markets. Founded in 2008, Wizcorp started life as a web consultancy business… Continue reading Gree backs two games developers
ShortForm finds its right Mixi
Mixi invested via NetService Ventures, a US venture capital fund.
IDG closes in on India fund
International Data Group (IDG), a US-based technology research and media group with $3bn in annual revenues, is reportedly closing in on $150m for its second India-focused corporate venturing fund.
Cevec Pharmaceuticals finds Midas touch
Cevec Pharmaceuticals, a Germany-based developer of biopharmaceuticals and vaccines, has raised €2.8m ($4m) in its series C round from a consortium including local pharmaceutical distributor Midas Group. Venture capital firm Peppermint Venture Partners led the C round using money from the €31m Charité Biomedical Fund investing on behalf of the Germany-based medical training university Charité… Continue reading Cevec Pharmaceuticals finds Midas touch