Phone operator France Telecom has acquired the remaining majority stake in Dailymotion, a France-based video-sharing website, to provide an exit for its venture capital backers but said it plans to sell part of its ownership to third parties. In January 2011, France Telecom bought a 49% stake in Dailymotion for €58.8m ($80.5m) with an option… Continue reading FT acquires Dailymotion
Month: February 2013
RenéSim dazzles with Condé Nast
US-based publisher Condé Nast has reportedly made its first corporate venturing deal in Europe by backing Germany-based online jeweler RenéSim. Condé Nast said it had owned 20% of RenéSim since 2011 but had increased its stake to 46%. RenéSim was launched in 2010 by Georg Schmidt-Sailer and Maximilian Hemmerle, according to news provider Women’s Wear… Continue reading RenéSim dazzles with Condé Nast
Playnomics markets Vanedge
Vanedge Capital, a venture capital (VC) firm co-created by executives from games company Electronic Arts, which also reportedly committed to its first fund, has backed Playnomics, a US-based mobile game marketing service. Playnomics raised $5m in its series B round from Vanedge, which will put Tony Lam on the portfolio company’s board, and VC peers… Continue reading Playnomics markets Vanedge
Pentalum brightens with $5.5m
In November 2010, ABB used its corporate venturing group, Technology Ventures, to make a strategic investment in Pentalum Technologies.
Aerial Biopharma extends A round
In July, Rex Health Ventures, a $10m fund managed on behalf of the eponymous community non-profit hospital, invested $500,000 in Aerial.
Xtreme powers towards $10m
In June, Xtreme raised another $10m, according to a Securities and Exchange Commission filing.
Enzymotec eyes Nasdaq
Globes said other Israeli life sciences companies were also planning their US initial public offering, including Kamada, Alcobra and Home Skinovations.
CSDN raises $10m
CSDN, a China-based developer community, has raised more than $10m from three investors, including private equity firm CBC Capital and an undisclosed internet corporation, according to news provider Tencent Technology.
China Fortune sails into Jolla
China Fortune said a wholly-owned subsidiary acquired convertible bonds from Jolla in December and agreed to exercise its option to purchase 11,944 shares.
Pearson starts ed-tech incubator
Pearson Catalyst will incubate and accelerate up to 10 teams of founders for at least three-months starting in mid-April. The incubees will receive up to $10,000 and can meet a Pearson executive.
Avraham remembers its $5.7m
Founded in 2010, Avraham said it had now raised $14.7m to to test patients with Alzheimer’s disease after a $9m round in April 2010.
SynapDx tests LabCorp’s $2m
In December, SynapDx raised $6m in its series B round from venture capital firms North Bridge Venture Partners and General Catalyst Partners.
Tendril creeps around $15m
Tendril Networks, a US smart grid company backed by Germany-based industrial conglomerate Siemens’ corporate venturing unit, has raised $15.3m of a planned $20m round, according to a regulatory filing first seen by news provider BizJournals. Although the seven investors are undisclosed, Ralf Schnell, chief executive of Siemens Venture Capital, the corporate venturing unit of the… Continue reading Tendril creeps around $15m
ShopSpot calls up SingTel
Venture capital firm Jungle Ventures, which is backed with Singapore government money, invested alongside Innov8.