Google Ventures has led a $1m round of funding into US-based digital fitness company FitStar.
Month: December 2012
Vantrix raises $13.5m
Innovacom is joined backing the Canada-based mobile content delivery company’s round by Summerhill Venture Partners, which was spun out from Bell Canada in July 2007 and Tudor Ventures, the venture unit of the hedge fund.
PatientSafe secures $13.3m
The TPG Biotech-backed hospital safety company raises more capital.
Credant sells to Dell
The US-based data protection company is backed by Cisco and Intel Capital, and was incubated by Austin Ventures, and founded 11 years ago.
Times Internet likes look of Fab
The digital unit of India-based media company The Times of India Group joins a syndicate which also includes The Washington Post Company, Docomo, VTB Capital and RTP Ventures.
Tencent, Google Ventures press play at Kamcord
Tencent and Google Ventures were joined in the seed round of the US-based mobile gameplay recording company by venture firms including Andreessen Horowitz, Merus Capital and XG Ventures.
Versus IO raises $100k
The Germany-based comparision website reportedly secures an investment from 500 Startups’ Dave McClure, taking it to nearly $1m raised, according to TechCrunch.
Scotrenewables receives $14.5m deal
Fred Olsen,, Total andABB Technology Ventures, and the Scottish government construct a $14.5m loan for Scotrenewables Tidal Power to help design, construct and install its commercial-scale tidal turbine.
ServiceMax secures more money
US-based cloud company ServiceMax, which is backed by US-based software group Salesforce, secures additional Series D funding from Adams Street Partners after raising $27m in November.
Valar hears Booktrack
Post-production film company Park Road Post Production joins Peter Thiel-backed Valar Ventures investing in a $2m Series B round for New Zealand-based Booktrack, software which adds music and audio to e-books and is now backed by Warehouse founder Sir Stephen Tindall.
Solvay invests in Sofinnova fund
Belgum-based chemical company Solvay invests $6.6m into Sofinnova Partners’ Green Seed Fund for industrial biotechnologies.
ProFIT markets Adspert
The investment arm of Investitionsbank Berlin, the ProFIT finance programme, invests $1.3m into Adspert, an automated software programme by Bidmanagement, which is backed by Bertelsmann Digital Media Investments.
Astellas rides Bicycle Therapeutics
Astellas Venture Management, the corporate venturing division of Japan-based pharmaceutical company Astellas, has participated in a £3.8m ($6m) tranched equity financing for Bicycle Therapeutics, a UK-based biotherapeutics startup spun out of the UK Medical Research Council’s Laboratory of Molecular Biology in 2009. Return backers venture capital firm Atlas Venture, Novartis Venture Fund, the $750m corporate… Continue reading Astellas rides Bicycle Therapeutics
Discovery helps write $20m for Grockit
Media company Discovery Communications says the investment is one of the “strategic growth opportunities in select investments in the next generation knowledge space.”