The commitment is a bold move from the Finland-based mobile phone company, which lost its 14 year crown as the biggest manufacturer of phones globally last year to Samsung, the South Korea-based industrial conglomerate.
Month: January 2013
Sanderling Ventures gains GSK
GlaxoSmithKline (GSK), a UK-listed drugs group, has committed $50m to a planned $250m fund being raised by venture capital firm Sanderling Ventures. GSK said it had committed the money to Sanderling VII at investment bank JP Morgan’s biotech conference this month, according to news provider FierceBiotech. GSK had previously committed to Index Ventures, which is… Continue reading Sanderling Ventures gains GSK
P&G consumes with CircleUp
News provider Bloomberg Businessweek said companies on CircleUp will be put in front of P&G executives.
Nest Labs turns heat up by $80m
Earlier in the month, Nest hired Tom vonReichbauer as its chief financial officer from electric car maker Tesla.
GE Ventures aims for $150m per year
Run by Beth Comstock, GE Ventures is the central point for its health, energy, software and advanced-manufacturing teams based in California and investing about $150m per year, according to news provider VentureWire.
Linkwell Health gets better with $11m
Formerly known as Linkwell Communications, the company said its platform reached members across 22 health plans, including Humana, Health Net and WellPoint.
FanDuel a good sport with $11m
Alongside Comcast Ventures, which led the round, were venture capital firms Piton Capital, Pentech Ventures and Bullpen Capital and angel investor and management consultant Richard Koch, who had previously backed gambling company Betfair.
Nokia raises $250m third fund
Bo Ilsoe, a Nokia Growth Partners managing partner, said: “On the exit front we have had a pretty good run in the last eighteen months. We have returned quite a bit of capital to Nokia. We have a proven model, which is working, that also led to the new commitment.” Our e-zine editorial out on Sunday will be on the Nokia fund and the extended interview with Ilsoe.
Exotix heads to TLG’s frontier
Exotix will also provide strategic advice and capital raising support to TLG Capital.
Advanova checks up on HTGF
Advanova, a Germany-based developer of medical patients’s records application VMobil, has raised its first round of financing from state and corporate-backed seed investor High-Tech Gruenderfonds (HTGF), bank BayernKapital and a consortium of business angels.
Inside Secure floats to top
Inside Secure has about 15 backers including corporate venturing units from Samsung, Nokia, Qualcomm and Motorola.
Morpho exits in Japan
Morpho, a Japan-based developer of image-processing technology, has seen its share price more than double in its Tokyo stock exchange flotation. The company’s opening price was Y4,840 per share compared to an expected initial public offering value of Y2,250. Morpho has 1.4 million shares after its IPO. Founded in 2004, Morpho’s shareholders include multiple corporate… Continue reading Morpho exits in Japan
Baxter cleans up with Zytoprotec
Zytoprotec, an Austria-based company developing dialysis treatments for kidney failure, has raised €2m ($2.7m) from Baxter Ventures, the corporate venturing unit of the eponymous drugs company, as part of a planned €4m series A round. Norbert Riedel, chief science and innovation officer at Baxter International, will join Zytoprotec’s supervisory board. In May, Zytoprotec completed its… Continue reading Baxter cleans up with Zytoprotec
Convercent complies with $10.2m
Convercent, a US-based maker of compliance software, has raised $10.2m in its series A round from a consortium including City National Bank. Venture capital firms Azure Capital Partners and Mantucket Capital co-led the round. Patrick Quinlan, chief executive of Convercent, said: “Convercent is the first software to aggregate corporate ethics, values and compliance management.”