Bright Capital, the corporate-backed venture firm, invests $35m in Aquion Energy.
Month: May 2013
Kakao leaves bright message with $27m fund
Kakao, a South Korea mobile technology company that owns mobile messaging service Kakao Talk and social network Kakao Story, will start to invest in start-ups in its domestic market with a government-supported $27m investment fund.
LG Life Sciences hires for $356m fund
LG Life Sciences hires managers for fund, which will see it and the National Pension Service of Korea invest KRW 200bn ($180m) each in the fund.
Wesfarmers to diversify through venture unit
Wesfarmers, the Western Australian farmers’ cooperative cum conglomerate, is looking to diversify even further its sector footprint with the formation of a venture unit.
CyberAgent widens net with $16m China fund
Japan-based CyberAgent Ventures is spreading its wings by earmarking a new $16m Chinese-focused mobile internet start-up fund.
Naspers, Tencent bundle India e-trader sites
South Africa media group, Naspers, and its shares in ‘money spinner’ China online gaming company Tencent Holdings, are paying off as are the two companies’ investment synergies. The two corporate investors have merged two investments, BuyThePrice.com and Tradus.com, to create a dominate player in the India buyer-seller e-commerce sector.
Telefónica’s Wayra selects 17 for academy
Tech accelerator Wayra has chosen 17 start-ups, ranging from cloud-based ticketing platforms to social apps and healthcare software, to enter its academy. Each will receive up to €40,000 ($52,381) in funding and stand the chance of Telefónica taking a minority shareholding of 5-10%. Winners will also receive access to a central London work space rent… Continue reading Telefónica’s Wayra selects 17 for academy
Fisker teeters on bankruptcy brink
Fisker Automotive risks bankruptcy amid investor search.
e-tailer Wantitall backs Citymob
Wantitall, one of South Africa’s largest online retailers, has invested an undisclosed sum in flash sales specialist Citymob. Citymob, which has daily sales of curated, ‘design’ products at up to 70% off, will use the investment to improve its systems, logistics and warehousing facilities, as well as expand its customer base.
PCH International senses success with Zen
Zinc Software is first European start-up in accelerator programme at consumer electronics accessories business.
BlueCross BlueShield funds EveryMove
Corporate venturing unit of US-based health insurer BlueCross BlueShield rewards EveryMove.
Medica makes Werner CIO
Medica hires former Fairview Health Services executive.
PresenceLearning apple of Allen & Co eye
Allen & Co helps PresenceLearning raise $8m.
Lord rejoins Anthelio
Jack Lord rejoins healthcare IT service provider Anthelio in its healthcare innovation council.