As part of the equity investment, 3M has formed a strategic development to bring a new class of displays to market that foster visual collaboration.
Month: November 2012
EMC finds energy for Silver Tail
In September, Citi Ventures, the corporate venturing division of the US-based financial services corporation Citigroup, joined venture capital firms in Silver Tail’s series B round.
Trivitron distributes to Fidelity
Fidelity Growth Partners India (FGPI), a regional corporate venturing unit of US-based mutual fund manager Fidelity, has invested R400 crores ($75m) to partly buy out minority shareholders in Trivitron Healthcare. This investment provides partial exits for ePlanet Ventures and Headland Capital, which have been invested in Trivitron since 2007. Trivitron is an India-based wholesale distributor… Continue reading Trivitron distributes to Fidelity
GE outsources to Syngene
GE Capital, the financial services division of US-listed industrial conglomerate General Electric, has agreed to pay R125 crore ($23m) for a 7.69% stake in Syngene International, a research subsidiary of India-based biotechnology company Biocon. Biocon had been preparing to float Syngene, which has annual sales of R400 crore last year, but will make an initial… Continue reading GE outsources to Syngene
Ipsen prepares for Inspiration write-off
Inspiration Biopharmaceuticals, a US-based company developing a treatment for blood disorders backed by France-based biotech firm Ipsen, has filed for chapter 11 bankruptcy and is about to hire an investment bank to manage a sale process. Ipsen said it had provided $18.3m in debtor-in-possession financing to help manage disposition of Inspiration’s assets and faces a… Continue reading Ipsen prepares for Inspiration write-off
Gumi bares itself to venturing
Gumi Ventures is mainly looking to back 10 to 15 early-stage social game makers from China or Singapore in the next two years, according to news provider Nikkei.
1-800-Flowers arrives at AdverCar
AdverCar’s board includes Jim McCann, chief executive of 1-800-Flowers.
Japanese corporations back Cubie
Cubie has also joined the 500 Startup accelerator and said Thailand was its largest market with more than 1 million registered users
AtTask works on $17m
AtTask customers include Global 2000 brands, such as Nike, Cisco, ABC, ESPN, 3M and Trek.
BCG report finds venturing longevity
Using the Global Corporate Venturing database, which lists 756 active units, BCG identified four cycles of corporate venture investing including the latest one, which it says began around 2005.
Hassid to leave as WorldMate exits
News provider TechCrunch said the purchase price was $20m for WorldMate, which has more than 10 million travelers use the mobile application.
Crossing Automation exits to Brooks
Crossing said its shareholders included Intel Capital, the corporate venturing unit of US-listed chipmaker Intel, and venture capital firm Tallwood Venture Capital.
Big Switch Networks turns to $25m
Alongside Goldman Sachs in the B round were venture capital firms Redpoint Ventures, which led the round, Index Ventures and Khosla Ventures.
Gomulka joins Highmark
He was previously chief investment officer of state-backed Innovation Works, which has a portfolio of more than 150 active venture investments, and, before that, spent 10 years as a partner with venture capital firm Draper Triangle Ventures.