AAA April 2013 – Page 6

Banks find narrative for Motif

Motif Investing, a US-based online stockbroker for listed shares, has nearly doubled its venture backing by raising $25m in its series C round from a consortium including investment bank Goldman Sachs and retail bank Wells Fargo-backed venture firm Norwest Venture Partners that manages $3.7bn. The other investors in the C round included venture capital firms… Continue reading Banks find narrative for Motif

Aramco drills into Sekal

Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia’s eponymous oil producer, has invested an undisclosed amount into Sekal, a Norway-based oil and gas drilling software and services company. Noway state-owned oil major Statoil, alongside SåkorninVest, a seed fund managed by Procom Venture, have also backed Sekal, which is commercializing two software… Continue reading Aramco drills into Sekal