Tencent Holdings, the investment unit of the eponymous Chinese web browser and media giant, is joining other corporate venture units and private equity players, with its latest investment in Beijing-based app service company Didi Taxi.
Month: May 2013
Ecosummit
Cleantech summit and pitches.
Berlin, June 4/5
Bootcamp Ventures iX Paris 2013
Pitches from French tech startups
Corporations rev up China’s used cars
A line of corporate venturing units have backed second-hand car online auction site Youxinpai.
Yebhi re-fits with $12m
The $12m investment was part of a bridge round that reportedly included existing backers investors, Fidelity Growth Partners India, Qualcomm Ventures, Nexus Venture Partners and Catamaran Ventures.
Allecra attracts $20m
Venture capital firms Forbion Capital Partners, which spun out from Dutch bank ABN Amro at the end of 2006, and Edmond de Rothschild Investment Partners have co-led a series A financing round in newly-launched Allecra Therapeutics. The €15m ($20m) commitment will support early clinical development of two new antibiotic treatments designed to combat multi drug-resistant… Continue reading Allecra attracts $20m
SAP fast-tracks African octet
Eight African start-ups on fast track to product development thanks to SAP Start-up Focus programme.
IDG Accel bids for Memsic
IDG Capital has had a relationship with Memsic going back to its December 2007 when the US-based electromechanical system (MEMS) solutions provider raised $60m in its IPO in a transaction that at the time valued the business at $226m.
Intel Capital Zinitix deal ‘user friendly’
Intel Capital, the US chipmaker’s corporate VC arm, has invested an undisclosed amount of expansion capital in Zinitix, a South Korean developer of touchscreen controller technology for mobile devices. Zinitix will allocate the funds towards product development, market expansion, and to help further boost the company’s expertise and resources in support of rapid business growth… Continue reading Intel Capital Zinitix deal ‘user friendly’
Jawbone tries on BodyMedia
Jawbone, a US-based maker of audio devices and wearable technology backed by Germany-based phone operator Deutsche Telekom, has acquired BodyMedia, a local maker of wearable body monitors backed by corporate venturing units Comcast Ventures and Ascension Health Ventures, for reportedly more than $100m. In May last year, BodyMedia raised $12m from cable company Comcast and… Continue reading Jawbone tries on BodyMedia
Pixability markets its backer
Quad/Graphics, a New York-listed media services company, has taken a minority stake in Pixability, a US-based online video marketing company, for a reported $4.1m. Joel Quadracci, head of Quad/Graphics, said: “Online video is the fastest growing marketing channel in the world today, and Pixability’s proven approach to YouTube marketing and advertising fits well with our… Continue reading Pixability markets its backer
OATV tests Science Exchange
OATV also recently invested in PeerJ, an open access publisher of scholarly articles.
Aramco coils round AnTech
Alongside SAEV in backing AnTech is Calculus Capital, a private equity firm.
Siemens sets up Renminbi fund
SFS will now be able to make both US dollar offshore and RMB onshore corporate venturing deals having first set up an office in China’s capital, Beijing, in 2006.