Private equity firm Avista Capital Partners has recruited Phil Seskin, who was previously senior vice president of corporate development at broadband and telecommunications company Verizon Communications. He previously led Verizon Strategic Investments, the company’s corporate venturing unit. Seskin said;“I am delighted to be joining Avista. This new role will allow me to apply my experience… Continue reading Avista recruits Verizon’s Seskin
Month: November 2012
C7 raises $25m
The provider of IT and data centres for outsourcing was backed by listed financial investor MCG Capital Corporation and venture firm Signal Peak Ventures.
NGdata decodes $2.5m
ING was joined backing the Belgium-based data management software company by venture firm Plug and Play Ventures and angels.
Intercept raises $75m in IPO
The flotation of US-based liver drugs maker Intercept Pharmaceuticals, majority owned by Genextra, came in October.
Kythera raises $70m in IPO
Double chin removing healthcare company Kythera Biopharmaceuticals backed by Foley Ventures, the corporate venturing unit of law firm Foley & Lardner, floats on October 10.
Google catapults into top 10
The corporate venturing group is the sixth biggest, according to Global Corporate Venturing analysis, after its mandate was increased.
Texas Instruments shakes up strategy
The US-based chip-maker has reformed its corporate venturing strategy in an effort to be more “creative” in the way it helps entrepreneurs.
ServiceMax suits its $27m
Salesforce-backed ServiceMax, formerly known as Maxplore Technologies, has raised $52m in aggregate.
3D Robotics boots up $5m
Alongside O’Reilly AlphaTech Ventures (OATV) in the round were venture capital firm True Ventures and angel investor Chris Michel.
Hearst follows Spooky road
Hearst, a US-based media company, has made a minority equity investment of undisclosed size and value in Spooky Cool Labs, a local games studio behind the Wizard of Oz game. Scott Sassa, president of Hearst entertainment and syndication, said: “Spooky Cool has achieved a step function improvement in social and mobile gaming with their 3-D game… Continue reading Hearst follows Spooky road
Elasticsearch groups with Data Collective
Elasticsearch, a Netherlands-based developer of big data search and analytics technology, has raised $10m in its series A round from a consortium including non-profit search provider Data Collective.
Mergent exits index
Mergent, a US-based provider of business and financial data on listed companies backed by investment bank Goldman Sachs, has sold its dividend index business to stock exchange provider Nasdaq OMX Group for an undisclosed amount.
Babylon translates Tel Aviv to NYSE
Reed Elsevier Ventures owns 18.3%.
Ambit develops $50m line
Roche Venture Fund and MedImmune Ventures are in the E round.