Marin Software, a US-based advertising management company backed by software provider SAP’s corporate venturing unit, plans to raise $75m in its New York Stock Exchange flotation, according to its regulatory filing. Investment banks Goldman Sachs and Deutsche Bank are co-lead underwriters for Marin’s initial public offering. Marin posted a $19m net loss on $42.5m in… Continue reading Marin preps $75m IPO
Month: February 2013
Vuclip dances with Jigsee
Vuclip, a US-based provider of mobile video delivery services, has acquired assets from Jigsee, a peer with offices in Canada and India, for an undisclosed amount. In November, Vuclip raised $13m in its series D round led by SingTel Innov8, the corporate venturing arm for Singapore Telecommunications, with additional participation from venture capital firms Jafco… Continue reading Vuclip dances with Jigsee
Nestle shakes with Accera
Switzerland-listed chocolate maker Nestlé has made a corporate venturing investment of undisclosed size in Accera, which provides milkshakes for people with Alzheimer’s disease. Luis Cantarell, president and chief executive of Nestlé Health Science, a subsidiary set up by the Swiss company last year, said: “The significance of this is not the [undisclosed] size of the… Continue reading Nestle shakes with Accera
QPID seeds records with $2m
Michael Doyle, chief executive of QPID, told news provider Mass High Tech the money was invested in December by venture capital firm Matrix Partners, Partners Innovation Fund and the Massachusetts General Physicians Organization.
Madsen heals himself with BDC
Madsen spent nearly six years as a managing director of Physic Ventures based in San Francisco, after two years in the same role at Unilever Technology Ventures, the corporate venturing arm of Unilever, where his deals had included Textronics, Halosource and Merrimack.
Skyfire blazes duet with Opera
Opera, which has arranged $100m in working capital, will pay $50m in cash after the deal closes.
Vasily snaps up Itochu trade
Itochu Technology Ventures, the corporate venturing unit of the eponymous Japan-based trading company, has invested in Vasily, which operates the Iqon fashion picture company. Venture capital firms Globis Capital Partners and GMO Venture Partners invested alongside Itochu in Vasily’s Y300m ($3.2m) series B round. Vasily’s A round raised Y140m in May 2011, according to news… Continue reading Vasily snaps up Itochu trade
CyberAgent advertises Dennoo deal
Nissay Capital invested alongside CyberAgent Ventures and angel investors, according to news provider Tech In Asia.
YJ crashes Minna No Wedding
Games company Dena spun Minna No Wedding out in October 2010.
PurpleCow designs its acceleration
PurpleCow won the Kigyo Challenge organzed by Skylight Consulting.
YJ enters Otaku culture
Internet service provider Yahoo Japan’s local unit, YJ Capital, along with peers at Itochu Technology Ventures and DG Incubation, reportedly provided a convertible note to Tokyo Otaku Mode, according to news provider Tech In Asia.
Hearst tests Science stake
Hearst Ventures, the corporate venturing unit of the eponymous US-based media group, has reportedly invested $30m for a 20% stake in Science, a US-based digital technology studio and incubator, accoring to news provider All Things D. Mike Jones, chief executive of Science said: “It gives me great pride to announce that we received an equity… Continue reading Hearst tests Science stake
Xoom flies into first-day pop
Xoom, a US-based money transfer service, has raised $101m in its Nasdaq stock exchange flotation and promptly saw a 59% rise in its share price after the initial public offering (IPO). Xoom listed 6.33 millin shares at $16 each for a market capitalisation of $509m compared to plans to sell 5.75 million shares at between… Continue reading Xoom flies into first-day pop
Baronova dances into C round
Baronova, a US-based medical device maker for weight loss, has raised $27.3m in its series C round led by Sante Ventures and US-listed healthcare company Boston Scientific as new investors.