Laird said it would pay $1, with potential cash earn-out payments based on a multiple of 0.4 times revenue over a four-year period from 2014 up to a maximum of $60m if $150m in revenue is achieved.
Month: February 2013
Saphena Medical raises $3m
Saphena Medical has raised $3m in its series A round from a consortium including medical-equipment maker STD Med. Pavilion Medical Innovations, which incubates and commercializes medical technologies, also invested in Saphena Medical, a device company developing technology to harvest veins for use in coronay artery bypass grafting. Michael Glennon, founder of Pavilion and who will… Continue reading Saphena Medical raises $3m
Quad Learning reads up on $11m
Quad Learning, a US-based online student learning company, has raised $11m from a consortium including cable company Comcast’s corporate venturing unit. Alongside Comcast Ventures in Quad’s series A round were venture capital firms Swan and Legend Fund, New Atlantic Ventures and New Enterprise Associayes. Its regulatory filings said it raised $3.25m last year and $7.85m… Continue reading Quad Learning reads up on $11m
SideCar acquires Heyride
US-based SideCar, a P2P ride-sharing network, has acquired Heyride for an undisclosed amount.
Blumberg invests in Paymill A round
Germany-based Paymill, a payments company incubated by Rocket Internet, has raised $5m in its series A funding from Blumberg Capital.
Sohn unveils ‘mysterious Samsung’ strategy
Young Sohn, who is the first ever non-South Korea-based top executive at conglomerate Samsung, updated the market yesterday on what Samsung intends to do with its $1.1bn corporate venturing strategy. Sohn ,Samsung’s chief of strategy, came into the company last year. He said his speech at the IBF Corporate Venturing and Innovation Partnering Conference on… Continue reading Sohn unveils ‘mysterious Samsung’ strategy
Sailthru processes $19m
AOL-backed Sailthru has raised $19m in its series B round.
Castrol fixes RepairPal with $13m
Castrol has made its first investment by backing online repair marketplace RepairPal.
Corporations help Lux to $245m
Lux Ventures III his already invested in Gridco Systems, Kymeta, Kyruus and Shapeways.
BGF cements Aubin deal
Business Growth Fund (BGF), a UK-focused corporate venturing fund backed by four banks, has invested £2.25m ($4m) in Aubin, a local supplier of specialist cementing and stimulation chemicals used in drilling and preparing oil and gas wells for production. In addition to BGF’s equity investment, Bank of Scotland has provided Aubin with a £500,000 debt… Continue reading BGF cements Aubin deal
Solvay-backed fund catalyses MetGen
France-based life sciences venture capital firm Sofinnova Partners’ Green Seed Fund has made its first investment by leading the €2.2m ($3m) round for MetGen, a Finland-based developer of novel enzymes for pulp and paper, biofuel and waste water treatment industries. Finland state-backed investment companies Finnvera and Finnish Industry Investment also invested in MetGen, which provides… Continue reading Solvay-backed fund catalyses MetGen
Repsol pours oil on Tocardo’s waters
Repsol New Energy Ventures said it had struck a strategic investment in Tocardo to provide a platform for both companies to develop offshore tidal energy.
Verve Mobile advertises $14m round
Nokia Growth Partners, which raised $250m for its third fund from its Finland-based phone making parent, led the C round, with participation from Qualcomm Ventures, which invests on behalf of the eponymous chip maker.
Nokia screens InVisage Technologies
The money will be used to begin manufacturing the company’s QuantumFilm image sensors, which are currently being evaluated by phone manufacturers ahead of shipping devices in the second quarter of next year.