On Deck, a US-based small business loans company, has raised $42m in its series D round, to take its total since launch to $80m, from a consortium including SAP Ventures, the corporate venturing unit of the eponymous Germany-based software provider. Venture capital firm Institutional Venture Partners led the D round as a new investor, and… Continue reading On Deck cruises to $80m
Month: February 2013
Volvo trucks into DriveCam
Volvo Group Venture Capital, the corporate venturing unit of the Sweden-based eponymous truck maker, has invested an undisclosed amount in DriveCam, a US-based driver risk management company. Johan Carlsson, president of Volvo Group Venture Capital and a member of the Global Corporate Ventiring Powerlist 100, said: “Complementary to our leading position in the global truck… Continue reading Volvo trucks into DriveCam
VMware visualises Virsto purchase
VMware, a New York-listed provider of virtualization and cloud infrastructure, has agreed to acquire Virsto Software, a US-based provider of software that optimizes storage performance and utilization in virtual environments, to provide the first exit for venture capital firm Correlation Ventures. In addition, database provider EMC plans to license the Virsto technology. In November, Frank… Continue reading VMware visualises Virsto purchase
Storenvy raises $5m
Venture capital firms Spark Capital and First Round Capital also invested in the A round led by Intel Capital.
Lynch’s Invoke gains funding
Michael Lynch (pictured), the former chief executive of software provider Autonomy acquired by computer maker Hewlett-Packard (HP), has reportedly raised £1bn ($1.5bn) for Invoke Capital, a venture capital firm to support university start-ups and industry collaboration. Invoke declined to comment on the press reports. In an interview last year, Lynch said he set up Invoke… Continue reading Lynch’s Invoke gains funding
Sherpa guides towards corporates
Shervin Pishevar, a partner at venture capital firm Menlo Ventures, and Scott Stanford, a banker at investment bank Goldman Sachs, plan to launch Sherpa, news provider Fortune said.
Creative Artists Agency preps fund
CAA is also a co-sponsor of Star Avenue Capital, a consumer growth equity vehicle that it formed alongside buyout firm Irving Place Capital.
AdChina withdraws IPO
AdChina, a China-based internet advertising platform part-owned by media group News Corporation, has withdrawn registration for a $100m flotation on the Nasdaq stock exchange. News Corp’s News America subsidiary owned 9.2% of AdChina, according to its regulatory filing from the original listing document in February last year. Venture capital firms GSR Ventures, Richmond Global and… Continue reading AdChina withdraws IPO
Toshiba parties with Consert
In December, Consert said it was in advanced talks with undisclosed potential buyers for an acquisition before the end of the year, according to news provider CleanTech Group.
Simulmedia nearly reaches $6m
Simulmedia has now raised about $32.5m in total.
RightScale reaches summit
RightScale, a US-based provider of enterprise cloud management services, has raised $15.6m in its series D round, according to a regulatory filing. RightScale, which was a partner in IBM Cloud Service Provider Platform of hardware, software and services to help phone operators deliver virtual computing services, previously raised $25m in September 2010’s series C round… Continue reading RightScale reaches summit
Google goes Nextdoor for deal
Nextdoor, a US-based private social network for the neighbourhood, has raised $21.6m in its series B round.
Stealth startup Illumio secures $8m
Illumio a stealth start-up backed by US network equipment manufacture Juniper Networks and venture capital firm Andreessen Horrowitz, concludes an initial series series A round of financing.
Green Plug seals series C round
As well as raising an undisclosed amount in series C funding, US-based Green Plug has also appointed Kevin Jones to the position of chief scientist.