Christian Rousseaux, Immoweb chief executive, will continue in his role following the takeover and keep the remaining 20% share, alongside two other family members.
Month: November 2012
Fab finds its True acquisition
Former Fab executives had founded True in 2007.
Waste2Tricity’s road leads to Rome
Waste2Tricity, a UK-based energy-from-waste firm, has sold 10% of its shares to Ervington Investments, an investment vehicle for Russian oligarch Roman Abramovich who owns local football club Chelsea FC after being a controlling shareholder in oil major Sibneft after its privatization from the Russian state in 1995. Paul Heagren, a director of Chelsea FC, will… Continue reading Waste2Tricity’s road leads to Rome
Disney finds answer to YY
YY would have an initial market capitalisation of $2.9bn at $11.50 per share.
Tate & Lyle sweetens second fund
Tate & Lyle, a London-listed sugar maker, has committed £30m ($50m) to its second corporate venturing fund that will have an eight-year investment period. From January, Tate & Lyle Ventures II will invest in eight to 10 start-ups and expansion-stage companies in both developed and emerging markets in food sciences and enabling technologies to support… Continue reading Tate & Lyle sweetens second fund
Enanta feverish for flotation
Shionogi owns 12.5% of Enanta before its initial public offering, while Abbott Labs has 8.38%.
Trademob gathers $15m
Trademob, the Germany-based mobile marketing platform backed by local retailer Tengelmann’s corporate venturing unit, has raised $15m in its series B round. Growth equity firm Kennet Partners invested $12.5m of the B round, with the remainder coming from existing investors Tengelmann Ventures and High-Tech Gründerfonds (HTGF), a state- and corporate-backed early-stage investment firm. Tengelmann Ventures… Continue reading Trademob gathers $15m
ClipClock times $2.5m investment
ClipClock, a Russia-based service to mark time on an online video backed by seed money from software provider Microsoft, has raised $2.5m in its series A round. Global TechInnovations incubated ClipClock and it raised $50,000 from Microsoft’s seed fund and $200,000 from angels. Venture capital firm Runa Capital funded the A round. Maria Netaeva at… Continue reading ClipClock times $2.5m investment
Elghandour joins JJDC’s Nevro
Elghandour had been a principal at Johnson & Johnson Development Corporation (JJDC) for four years and would join Nevro, according to news provider Fortune.
Bazaarvoice promotes CIO to CEO
Stephen Collins (pictured) steps up as executive president while the incumbent, Brett Hurt, moves to be vice-chairman and joins venture capital firm Austin Ventures.
Takeda conveys Envoy purchase
Takeda Pharmaceutical, a Japan-based drugs company, has agreed to buy one of its corporate venturing unit’s portfolio companies, Envoy Therapeutics, for up to $140m. Takeda Ventures invested in Envoy’s $8m series A round in October 2009 and partnered with the developer of drugs for neurological and psychiatric diseases. The other investors in the A round… Continue reading Takeda conveys Envoy purchase
Google firepower upped by 50% to $300m
Reported move is the second consecutive year that Google Ventures has had its allocation increased. Google Ventures managing partner Bill Maris is quoted by news provider Reuters as saying that Google chief executive Larry Page has repeatedly asked what the firm could do with $1bn.
Ruckus sets IPO range
WiFi equipment maker Ruckus Wireless has set an initial public offering range of $13 per share to $15 per share and expects to sell 8.4m shares of stock.
HTGF, STIFT back JeNaCell
High-Tech-Gründerfonds, the Germany state- and corporate-backed fund, and the Thüringen Foundation for Technology Innovation, and Research [Stift] have invested €700,000 ($1m) in JeNaCell, a biomaterial spin-off of the Friedrich Schiller University Jena (FSU), on 12 October. JeNaCell’s biomaterial (pictured) can be used for making medical and cosmetic products, suitable for treating poorly healing wounds, as… Continue reading HTGF, STIFT back JeNaCell