US-based publisher International Data Group’s (IDG) global corporate venturing unit has invested in Myntra, India’s largest online fashion and lifestyle store, to help it acquire virtual fitting room creator Fitiquette. Alongside IDG Ventures in the round were hedge fund Tiger Global and venture capital firms Kalaari Capital and Accel Partners. Financial details for the investment… Continue reading IDG Ventures backs India’s Myntra in US acquisition
Month: April 2013
Cisco streams into Apalya Technologies
Apalya Technologies, an Indian mobile video specialist, raises $10m in a fundraising round led by Cisco.
Network 18 pumps up volume at TV18
Network18, India’s fastest growing media and television group, sees future in India’s teleshopping market with $30m investment into TV18 Home Shopping Network.
High Fidelity searches out $2.4m
Early stage venture capital firm True Ventures has led the $2.4m series A round for High Fidelity, a US-based online community startup created by the founder of the Second Life “Virtual World” [pictured]. Google Ventures, the corporate venturing unit of the US-based search engine, also reportedly participated in the round alongside a number of angel… Continue reading High Fidelity searches out $2.4m
HTGF strikes first US deal
High-Tech Gruenderfonds (HTGF), a Germany-based state and corporate-backed early-stage investment firm, has invested in Pylba, a mobile news service provider, as its first American deal. US-based Pylba said it had raised $1.7m in its series A round from HTGF, several undisclosed strategic investors and business angels. The money will help Pylba launch its product, Simply,… Continue reading HTGF strikes first US deal
Betaworks reads up on Instapaper
Betaworks backers include corporate ventuiring units from chip maker Intel and media groups AOL Ventures and New York Times.
Parse exits to Facebook
Facebook paid a reported $85m for Google Ventures-backed Parse.
Statoil loops back to Numascale
Statoil Technology Invest (STI), the corporate venturing unit of the eponymous Norway-based oil major, has increased its ownership in local server infrastructure firm Numascale to 17.5%. STI said the investment, which happened in January, followed “successful testing of Numascale’s [NumaConnect] technology through the Loop program” as it had applications with extremely large data memory requirements.… Continue reading Statoil loops back to Numascale
Google architect of deal
KPCB invested nearly $6m, TechOperators put in $1.8m and Google Ventures $250,000 in Ionic Security, according to BizJournal.
The Big Deal: Yodo1’s angel wings
As corporations become increasingly open to external innovation and many of their own executives become angel investors themselves, there is a great opportunity to help the nascent start-ups.
Corporate innovation catches the eye
At $280bn, corporates spend more than 60 times on their in-house R&D than they do through their corporate venturing units, which SVB estimates at $4.4bn. This is despite SVB’s Gerald Brady saying a dollar spent on corporate venturing brings three times the number of patents as the same dollar invested in R&D.
Vapotherm breathes with $29m
Kaiser Permanente Ventures and GE Asset Management are in the F round.
Topera flutters with $25m
The money will be primarily used to support the planned commercial launch of the company’s RhythmView WorkStation and FirMap Catheter in Europe and the US this year.
LifeImage shares with strategics
LifeImage, a US-based network for sharing medical images and related health information, has raised $15m in its series C round from a consortium including its existing strategic investors. Venture capital firms Cardinal Partners and Galen Partners, the company’s largest existing investors, led the round. On LifeImage’s board are representatives from VC peer Long River Ventures,… Continue reading LifeImage shares with strategics