Pearson, the UK-based publisher and education company, has acquired EmbanetCompass for $650m from an investor group led by Knowledge Universe, a US-based education corporate, and Technology Crossover Ventures. Founded in 1995 Embanet provides online program design and development for post-secondary educational institutions. Knowledge Universe previously invested in Embanet in 2007 which was Embanet’s first external… Continue reading Knowledge uncovers $650m Embanet exit
Month: October 2012
Microsoft backs Russian IT start-ups
The Microsoft Russia Seed Fund has recently invested a total of $160,000 in three Russian technology start-ups. MoosCool, an artist promotion platform enabling composers of electronic dance music to host, promote and earn money from their works, received $70,000 from Microsoft. Car-Fin, a future portal that its developers say will evolve into a fully automated… Continue reading Microsoft backs Russian IT start-ups
Promedior closes $24.5m D round
Corporate venturing unit Shire Strategic Investment has led the latest investment in biotech company Promedior. They close their D round at $24.5m
Battery, Flybridge chip in to Calxeda
Battery Ventures and Flybridge Capital Partners have led a $55m investment for Calxeda, a developer of low-power server chips with ARM processors, backed by the UK-based company.
Gliknik raises $4.9m led by Baxter
Baxter International’s corporate venturing unit was also joined by existing investors, bringing its total venture funding to $8.4m.
Kidaptive grows up with CrunchFund
Children’s app developer Kidaptive has raised an undisclosed seed round led by Menlo Ventures and with participation from AOL-backed CrunchFund, which news provider TechCrunch has described as “large” and “over-subscribed”. Aside from Menlo and Crunchfund, the round also saw participation from Veddis Ventures, S-Cubed Capital, VKRM Ventures, accelerator iCamp, and Kidaptive’s animation partner Prana Holdings.… Continue reading Kidaptive grows up with CrunchFund
IO raises $90m
New World Ventures has led a $90m investment in modular data center specialists IO Data Centers. IO’s existing backers including Sterling Partners and JP Morgan Asset Management also took part.
The values of new leaders
The past few years has seen yet another set of scandals at financial institutions, reflecting on the values of the leaders of these service providers.
Genocea Biosciences clinches $30m
US-based Genocea Biosciences has raised $30m in Series C capital from a joint venture syndicate including Polaris Venture Partners and the Bill & Melinda Gates Foundation.
Switchfly takes off with an extra $2.8m
Switchfly, a US-based SaaS (Software as a Service) online travel service provider has raised $2.8 million in new Series C funding backed by Thayer Ventures.
Frank & Oak’s collection nets $5m
Bertelsmann and others invest in startup clothing line Frank & Oak as the Montreal firm seeks to bring vertical integration to the fashion industry.
Synovex receives $3.5m
Big Pharma backed Bio-tech firm Synovex has reached the halfway mark for a planned $7m Series C round.
SideCar picks up $10m from Google Ventures, Lightspeed
Google Ventures and Lightspeed Venture Partners have led a $10m A round of ride-share start-up SideCar.
UPS delivers $3.2m for Shutl expansion
The corporate venturing unit of US delivery company UPS has led a $3.2m investment in UK courier web service Shutl to aid in their U.S expansion.