IDG and Bertelsmann Asia unit reportedly looking to up investment in China-based luxury website Secoo next year.
Month: December 2012
TPG Biotech backs Trevi Therapeutics
TPG Biotech follows on investing in drug development company Trevi Therapeutics, which shares its name with the famous Trevi fountain in Rome (pictured), after backing the company’s seed round.
Burka joins Google Ventures
Daniel Burka rejoins co-founder of mobile development lab Milk, Kevin Rose, by joining Google Ventures as a design partner.
Juniper acquires Contrail
New York-listed equipment provider Juniper Networks acquires network control solutions start-up Contrail Systems, which it has previously backed, for $176m.
HuaXiang eclipses 3GSolar with $2.5m
China-based HuaXiang Group makes its first investment in Israel, by investing $2.5m into Israel Electric Corporation backed 3GSolar Photovoltaics, a solar panel manufacturer.
Asahi Net fills Fuller with $1.2m
Japan-based internet company Asahi Net invests in a seed round of funding for Japan-based mobile tech start-up Fuller.
Strategic helps Cardiosonic raises $6.1m
Medical device company Cardiosonic, who are developing technology for treating hypertension, has raised $6.1m as part of a planned $16.1m series B financing, from an undisclosed strategic investor and Shmuel Almagor.
BioHealth Innovation makes SR One’s Eckstein director
The head of UK-based pharmaceutical company GlaxoSmithKline’s corporate venturing unit, Jens Eckstein, becomes one of two directors joining BioHealth Innovation, a public-private partnership focused on commercialising biotech innovations and increasing access to early stage companies in Central Maryland in the US.
Glossybox reveals $72.5m in financing
The Germany-based fashion internet retailer backed by the former corporate venturing unit of Germany-based media company Georg von Holtzbrinck Publishing Group details its financing as it reveals other milestones after being started a year and a half ago.
Baxter drives Naurex B round
The $200m corporate venturing unit of Baxter International, Baxter Ventures, leads a $38m B round into Naurex, a US-based drug developer.
HTGF backs Ayoxxa Series A
German-based biotech start-up Ayoxxa Biosystems closes a $3.4m Series A round, which is led by Wellington Partners Venture Capital.
Novo soothes Allakos with $32m
Novo Ventures leads a $32m Series A into US-based biotechnology company Allakos for the development of antibody therapeutics for inflammatory diseases, in a round joined by Roche Venture Fund.
WSO2 raises $10m
US-based lean enterprise middleware company WSO2 has closed its third round of funding, raising $10m.
ScaleIO stores $12m
Amnon Bar-Lev, the president of network security software company Check Point Software Technologies joins affiliate fund of Greylock Ventures, Greylock Israel Partners, and Norwest Venture participating in a $12m first round of funding for software design storage company ScaleIO.