Venture firms Highland Capital andVentech also participated in the round backing the China-based mobile phone magazine publisher, Marbridge Daily said.
Month: November 2012
WFA tops up ArthaYantra kitty
Investment firm WFA Investments backs India-based personal finance company, as it is also reported to be in talks with a US-based hedge fund.
Baidu takes majority at iQiyi
China-based online video company iQiyi was launched in April 2010, with Baidu and Providence investing that year, when it was known as Qiyi, before changing its name in November 2011.
Dena makes $92.1m play for Cygames stake
The acquisition looks to have marked a big return for CyberAgent on the partial divestment, after it started the maker of popular game Rage of Bahamut last year with Y50m ($616,000)
Chernin Group presses play at Base79
US-based media group, The Chernin Group, has invested $10m in return for a 28% stake in online video company Base79.
Nexopia networks way to Ideon
Nexopia.com received a multi-million dollar investment from Burda Digital Ventures, the former corporate venturing unit of Hubert Burda Media, a Germany-based media company, in 2008.
YouTube prepares second programme spend
The plan reportedly involves funding 30% to 40% of those content producers which it backed with $100m last year.
TareasPlus adds up $1.8m
Online Spanish language educator TareasPlus receives $1.8m in seed funding from distance learning provider Academic Partnerships.
Monsanto invests in Biosynthetic
Monsanto has invested in a $7m A round and entered into a license agreement with sustainable lubricant company Biosynthetic Technologies.
Nuzzel makes friends raising $1.7m
Nuzzel, a social news platform set up by the founder of Friendster, reportedly raises $1.7m in seed funding from investors including IDG Ventures.
2012 Powerlist: Mark Read, WPP Digital
Read say: “Digital is now something like 30% of revenue [at WPP] and Paidcontent ranked us number seven in its list of the top global digital media businesses. What we are trying to do is digitise the group.”
2012 Powerlist: Majid Mufti, Saudi Aramco Energy Ventures,
Majid Mufti is chief investment officer of Saudi Arabia state-owned Saudi Aramco’s corporate venturing programme. Before the launch of Saudi Aramco Energy Ventures, Mufti was based in Hong Kong as a joint venture manager handling Aramco’s downstream investments in China. He started his career as a physical products trader in Asia and a process engineer… Continue reading 2012 Powerlist: Majid Mufti, Saudi Aramco Energy Ventures,
2012 Powerlist: Daniel Heaf, BBC Worldwide
Daniel Heaf was made executive vice-president and managing director of consumer digital at UK state-owned broadcaster BBC in March, after two years as BBC Worldwide’s digital director. Heaf oversees all BBC Worldwide’s global consumer-facing digital businesses and is responsible for driving a unified global digital strategy and consumer vision, in addition to his existing strategic… Continue reading 2012 Powerlist: Daniel Heaf, BBC Worldwide
2012 Powerlist: Richard Erskine, Statoil Technology Invest
Erskine moved to oil major last year from venture capital firm Energy Capital Management (ECM).