Alongside Reed Elsevier Ventures, which led the round, and Nokia Growth Partners in the B round were local bank IBB Beteiligungsgesellschaft, through its Fonds Technologie Berlin venture unit, and venture capital firm Kizoo Technology Ventures founded by serial entrepreneurs Michael and Matthias Greve.
Month: March 2013
Leftley turns right into Bloc
David Leftley had been nearly four years as head of venture capital Europe at Vodafone and been a board observer at portfolio companies Oxford BioSignals, TOT Power Control, Compliant Phones, Vasona Networks, CellEra and Affirmed Networks.
Latest restructuring seeds hope
The challenges faced by all three – Q.Cells, SunTech and SunPower – have been more broadly reflected across the clean-tech industry but there could be light at the end of the tunnel, judging by a new report by Global Corporate Venturing in partnership with Baker Botts.
ProfitBricks secures $19.5m
German-based Infrastructure-as-a-service company ProfitBricks has secured a $19.5m investment from its founders United Internet.
QPID kisses $3m
US-based QPID has exceed its original target of $3m, by closing a $4m round series A funding from Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization and Cardinal Partners.
Pinterest acquires Livestar
Virtual pin-board website Pinterest has acquired mobile recommendation app Livestar, which was founded by angel investor Fritz Lanman. No financial terms were disclosed. The acquisition will see Livestar shutdown immediately . The members of Livestar’s engineering team will now join Pinterest. Pinterest shareholders include Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital, Rakuten and Valiant Capital… Continue reading Pinterest acquires Livestar
Enanta raises $56m IPO
US-based Enanta Pharmaceuticals Inc has raised $56m in its IPO. The company priced four million shares at $14 per share for an initial market cap of approximately $236 million.
Bessemer invests in Vasona
Venture Capital firm Bessemer Venture Partners has led a $12m round of series B financing into Vasona Networks, a provider of platforms for mobile network capacity and resource management. There was also involvement from New Venture Partners and Vodafone Ventures, the corporate venturing division of UK-listed mobile phone operator Vodafone, according to gigaom.com. The new funds… Continue reading Bessemer invests in Vasona
Saama says yes to AgreeYa
US-based AgreeYa Mobility has raised an undisclosed amount of VC funding from Saama Capital.
ShareThis raises $23m
US-based ShareThis acquires app technology developer Socialize and raises $23m in a series C round
The InnoTech Summit, London
London’s technocrats – second stage start-ups, investors, policy makers.
Bavarian industry and modern capitalism
As German industry has passed through the financial crisis comparatively unscathed, my trip last week to the Munich Network’s corporate venturing conference shed light on how one of the most important industrial areas of the country is approaching investing in small companies. The Bavarian region is closely associated with the country’s famous Mittelstand. In an… Continue reading Bavarian industry and modern capitalism
Nexus, Helion invest in ShopClues
India-based e-commerce start-up ShopClues has raised $10M in a series B round from Helion, Nexus & Netprice.
SVB launches new fund
US-based SVB Capital is raising $300M for a new strategic investors fund.