In July last year, SR One and Lilly Ventures, the corporate venturing divisions of multinational pharmaceutical conglomerates GlaxoSmithKline and Eli Lilly respectively, co-led a $24m series A round for Nimbus Discovery.
Month: November 2012
Itochu chooses CrowdWorks
Alongside Itochu Technology Ventures in the round were venture capital firms Digital Garage, and Suneight Investment.
CyberAgent backs iCook.tw
In July last year CyberAgent opened an office in Taiwan and most recently in Korea.
DSM commits to China fund
Founded in 2001, Tsing manages four dollar-denominated clean-tech funds with $600m in aggregate and two RMB funds with a total size of RMB1bn ($160m).
Anquanbao secures B round
Anquanbao, a China-based online security software provider incubated at corporate venturing-backed Innovation Works, has reportedly raised its series B round. News provider TechWeb said the investment of undisclosed size was led by venture capital firm Northern Light Ventures and included Innovation Works. In October last year, Innovation Works invested less than $5m in Anquanbao’s A… Continue reading Anquanbao secures B round
Tencent sells Gamegoo
China-based publisher B-ray Media has bought local internet and mobile entertainment firm Tencent-backed online games developer Beijing Gamegoo Information Technology. B-ray Media said it would purchase 70% stake of Gamegoo for RMB1.04bn ($160m), although a valuation adjustment mechanism means B-ray Media can buy the remaining 30% stake for up to RMB432M if the games developer’s… Continue reading Tencent sells Gamegoo
Talus steps with LocalVox Media
Talus Holdings, a local media holding company principally owned by GSO Capital Partners, an affiliate of New York-listed private equity equity firm Blackstone, invested in LocalVox for strategic and financial reasons as LocalVox has more than 20 publisher partners.
Medtronic treats with LifeTech Scientific
Medtronic is paying $46.6m at HK3.80 per share for a 19% equity interest in the Chinese company, followed by a $19.6m convertible note for an additional 7.4% stake.
WRF finds its Resolve
In May 2010, Resolve raised $2m in the initial close of its A round before bringing in a corporate venturing unit later.
55Social sambas with fund
55Social, a Brazil-based social media marketing platform, has reportedly raised an undisclosed amount from Redpoint E.Ventures, a corporate venturing-backed fund. According to news provider TechCrunch, the specifics about the funding amount are not being disclosed “but we have confirmed that this round is a series B and brings its total amount invested in 55Social to… Continue reading 55Social sambas with fund
Fab looks to Russia for $15m
Fab, a US-based consumer products sales site, has extended its series C round by $15m with Russia-based investors joining the syndicate. VTB Capital, the venture investment unit of Russian bank VTB, and Phenomen Ventures, a venture firm founded by Dmitry Falkovich, an early investor in internet services provider Mail.ru, provided the $15m, according to news… Continue reading Fab looks to Russia for $15m
SEP walks into Green Highland
Hydropower firm Green Highland Renewables has raised $3.3m led by Scottish Equity Partners’s Environmental Energies Fund
Comverse finds loudest exit
Private equity group Apax Partners and Comverse Technology, a provider of software and systems enabling network-based messaging and content services, sold Starhome to Fortissimo.
Lumi gains glow with $20m
Alongside Fidelity Growth Partners Asia (FGPA) investing in Lumi were venture capital firms ClearVue Partners, which led the round, Jafco, Capvent and DCM.