The Chernin Group, a US-based media company led by former News Corporation executive Peter Chernin, has helped MiTu Network, a YouTube video channel company, raise a financing round. The amount raised was undisclosed, but news provider AllThingsD said it had raised $3m. The Chernin Group was joined in the round backing Los Angeles-headquartered MiTu by… Continue reading Chernin invests $3m in MiTu
Month: December 2012
Burke joins IBF conference advisory board
Patty Burke, a partner at advisory firm Bell Mason Group, has joined the advisory board of the International Business Forum (IBF) Corporate Venturing and Innovation Partnering (CVIP) Conference in February. Burke is opening the conference with a key note on: “Keeping the (Ad)venture in Corporate Venturing: Overcoming Corporate Antibodies That Inhibit Venturing Success”. Global Corporate… Continue reading Burke joins IBF conference advisory board
Relay invests $7.3m in Influitve
Relay is joined in the A round by venture firms Hummer Winblad, Lightspeed Venture Partners, New Enterprise Associates, Illuminate Ventures, Resolute.VC, Common Angels, and various angels.
Medtronic flexes way into MC10 round
Medtronic is one of two strategic investors backing MC10’s technology, which makes it is easier to twist, stretch and expand integrated circuits, which can be used inside or on the human body.
SanDisk, Cisco swing for Whiptail
Flash memory company SanDisk, and reportedly US-based technology company Cisco, have backed data storage company Whiptail, in a $31m round. The series C round was joined by venture firms Ignition Partners, RRE Ventures and Spring Mountain Capital, with Silicon Valley Bank providing debt financing. Cisco’s involvement was reported by news provider TechCrunch, after Whiptail disclosed… Continue reading SanDisk, Cisco swing for Whiptail
Runes read for this year and next
At the end of the year let the reading of runes commence. For those who leave the soothsaying to others there is a handy summary of the main issues and data from the past year and predictions of 2013 available on law firm DLA Piper’s website as a webinar. Mark Radcliffe, partner and head of… Continue reading Runes read for this year and next
The Big Deal: GE’s intricate InSightec operation
If the InSightec deal ends up being a stellar exit for GE a few years from now, it would surely make an interesting case study for how spin-offs can successfully value for their parent corporate, while minimising risk of the parent while it sees how the technological roll out pans out.
German state fund looks overseas
The corporate-backed state venture fund, which raised nearly $380m for the first close of its second venture fund in October last year, is in late-stage talks with one company started outside Germany, after securing the ability to invest overseas as part of the new fund.
CEC powers Enevate with $24m
CEC Capital has led a $24m Series B round into US-based Enevate, a rechargeable energy storage technology backed by Presidio Ventures, a corporate venturing unit of Sumitomo.
Vodafone transmits $8.3m to Jibe
US-based Jibe Mobile, a cloud platform for app developers, closes an $8.3m round of financing led by the venture capital arm of mobile company Vodafone, Vodafone Ventures.
Lundbeckfond, SR One lead River Vision A round
Lundbeckfond Ventures and SR one co-lead a $17m Series A round into US-based River Vision Development Corp, a company managed under contract with Narrow River for developing the drug RV001
23andMe raises $50m
US-based 23andMe, a genetics company backed by Google, raises $50m in Series D funding
Cerapedics grafts for $19m
MedImmune Ventures and CVF co-lead a $19m Series C into US-based medical device company Cerapedics.
Altria purchases 12.5% Sharklet stake
Biotechnology company Sharklet Technologies has received $2m in Series B funding from Altria Ventures in exchange for a 12.5% stake in the company.