Sorenson Capital Partners has participated in a $45m round of funding into AccessData, a digital forensics, cyber security and litigation support company. There was also involvement from debt and equity provider Silicon Valley Bank. The investment consists of a $20m equity trade from Sorenson Capital and $25m in structured debt from Silicon Valley Bank. Tim Leehealey, chief… Continue reading Sorenson cracks AccessData
Month: March 2013
ABB makes waves with Scotrenewables
Scotland-based Scotrenewables Tidal Power has closed a $12m round of funding led by power technology group ABB, investing via ABB Technology Ventures.
VTB checks in with Oktogo.ru
Russia-based hotel reservation website Oktogo.ru has raised $11m in funding from VTB Capital Venture Business, Mangrove Capital Partners, Ventech and Victor Sazhin Group.
Iris and Capnamic enter partnership
France-based Iris Capital, backed by Orange and Publicis, has entered into a partnership with Germany-based Capnamic Ventures for early-stage investments in German digital economy start-ups.
Google hires Hancock, Reseburg
Google Ventures has recruited Cyndi Reseburg and Graham Hancock to their marketing team.
iOnRoad wins Qualcomm QPrize
Israel-based iOnRoad has become the third company to win the Qualcomm Ventures QPrize, securing $150,000 in venture funding.
Compass-EOS unveils first product
Compass-EOS, an Israel and US-based internet router hardware provider, has launched its first product after six years of operation and $120m invested by multiple corporate venturing units. In its six years of operation, Compass-EOS said its strategic investors included Comcast Ventures, Deutsche Telekom’s T-Ventures and internet equipment provider Cisco Systems, as well as venture capital… Continue reading Compass-EOS unveils first product
Western Digital begins venturing
As executive vice-president of strategy and corporate development, Long will lead Western Digital Capital.
Appcelerator starts Innovation Fund
Its first deal is Lanica, a US-based mobile game development platform.
Appcelerator continues its round
In October, the company started its Appcelerator Innovation Fund, a corporate venturing unit to back early stage companies that are developing mobile applications on its Titanium software platform.
Naspers classifies Avito
Avito, a Russia-based operator of online classified advertising, has agreed to merge with two peers, Slando and OLX, owned by South Africa-based media group Naspers. As part of the deal, Naspers has invested $50m in Avito – the ongoing business – for an 18.6% stake. Avito is now valued at $570m. In December, Sweden-listed investment… Continue reading Naspers classifies Avito
Intel adds to its 500Friends
The company also raised $2m in debt.
SwiftStack stores UMC’s cash
Venture capital firms Mayfield Fund, which led the round, and Storm Ventures joined UMC in the deal.
Crittercism solves its $12m need
Crittercism, a US-based mobile application problem solver backed by the corporate venturing units of technology companies Google and AOL, has raised $12m in its series B round. Google Ventures led the round, and was joined by venture capital firms Opus Capital and Shasta Ventures. Wesley Chan, general partner at Google Ventures, has joined Crittercism’s board. In June,… Continue reading Crittercism solves its $12m need