After impressive growth, the euphoria surrounding corporate venturing has also left many wondering if this should trigger cause for concern.
Month: March 2013
Twilio expands to Europe
Twilio, a US-based communications company, has extended its US-focused corporate venturing fund to start-ups in Europe. The Twilio Fund Europe for 2013 extends its microfund supported by early-stage venture capital firm 500 Startups for companies and products based on Twilio’s platform to the European Union. Twilio said it opened its London, UK, office in 2011,… Continue reading Twilio expands to Europe
Jain joins Intel Capital
After studying math at the University of Buffalo at age 11, Jain joined CMEA in 2008 and sitting on boards at Apriso, Baxano, Blekko, Foro, Intermolecular, Luminate, WorkingPoint and Zaarly.
Softonic connects with Partners
Partners Group, a Switzerland-based private equity firm, has bought 30% of Softonic, an online software guide to media content incubated by Grupo Intercom, a Spain-based internet-focused conglomerate. Partners Group paid €110m ($130m) for the stake, which was less than the 40% it had reportedly been looking to buy but still makes it the majority shareholder,… Continue reading Softonic connects with Partners
Synapsify texts its $600,000
Synapsify, a US-based text analytics start-up, has raised $600,000 in its seed round from a consortium including media group Ingram Industries’ corporate venturing unit. Alongside ICG Ventures, a subsidiary of Ingram’s Content Group, were venture capital firms Fortify Ventures and Middleland Capital and angel investors. Synapsify was a member of the inaugural class of Fortify’s… Continue reading Synapsify texts its $600,000
Kickboard gets $2m from Two
Two Sigma Ventures said its other deals included health analytics Symcat, three-dimension space visualization software company Floored and venture capital firm Brooklyn Bridge Ventures.
D2M records Nugg-it
D2M is understood to be bringing out a prototype of the wrist-worn device, which will save the last minute of buffered memory and send it wirelessly for editing and sharing the audio file.
Citrix brings cash to Armor5
Michael Harries, senior director and chief technologist at the Accelerator, by email said its standard investment amount was $250,000.
Flipkart looks to load up
Sachin Bansal, the co-founder and chief executive of Flipkart, told news provider TechCircle that the round of funding would be large considering it has already raised four rounds of funding.
Google chats with Rabbit
Also in the round alongside Google Ventures and CrunchFund were angel investors, such as social network Bebo founder Michael Birch.
CardioKinetix pumps up E round
In September 2011, CardioKinetix closed a two tranche round of series E financing worth $44m, led by venture capital (VC) firms SV Life Sciences and New Leaf Venture Partners.
LocalResponse calls up Verizon
LocalResponse, a US-based social advertising service backed by phone operator Vodafone’s corporate venturing unit, has raised $1.2m from a consortium including Verizon Ventures. LocalResponse said alongside phone company Verizon’s corporate venturing unit in the round were venture capital firms Advancit Capital, Cava Capital, Extreme Venture Partners and the Webb Investment Network. LocalResponse has now raised… Continue reading LocalResponse calls up Verizon
Altobridge crosses to $7.8m
Altobridge, an Ireland-based wireless network service provider backed by chip maker Intel’s corporate venturing unit, has raised $7.8m to develop its Data at the Edge product providing mobile broadband data optimisation across wireless networks. Intel Capital and the World Bank’s International Finance Corporation provided the money. Mike Fitzgerald, chief executive of Altobridge, said: “Since our… Continue reading Altobridge crosses to $7.8m
Monetate monetises strategic round
Monetate, a US-based online marketing services company, has reportedly raised $15.2m in a “strategic round”. News provider Bizjournal said Monetate’s regulatory filing showed seven investors in its latest round, which “is a very strategic round from a mix of new and existing investors who prefer to remain private at this point,” Monetate’s director of corporate… Continue reading Monetate monetises strategic round