US legal firm Foley & Lardner said its Foley Ventures Fund II, a corporate venturing fund for investing in or with Foley clients, has raised $2.6m from its partners. Combined with the firm’s initial venture capital fund, Foley Ventures Fund I, the firm’s partners have raised a total of $6.6m and invested in 32 clients.… Continue reading Foley raises $2.6m for fund II
Month: May 2013
CyberAgent teaches Mana.bo to grow
Japan-based online learning service startup Mana.bo has raised Y38m ($374,000) in seed funding from several investors including CyberAgent Ventures, according to a Ventures News report.
Picture painted for Mind Palette
Newspaper reports are estimating the latest series B round to be in the region of at least Y100m ($1m).
Fuji books first deal with Smarteducation
The target company is Smarteducation, a Japan start-up that develops bi-lingual mobile apps for childhood education including apps such as Oyako de Sumahon in Japanese and Kids’n Books in English.
SAP dials in landmark India IPO
SAP Ventures, the corporate venturing unit of global software group SAP, will soon realize its investment in Mumbai-based Just Dial, an India-based local business listings site, when the company opens its initial public offering on May 20 to raise between Rs 822 crore ($150m) and Rs 950 crore ($170m). Depending on the final price band… Continue reading SAP dials in landmark India IPO
Alibaba steers $294m into AutoNavi
News of the proposed acquisition have boosted shares in Nasdaq-listed AutoNavi by more than 30% since the start of May and stand at about $14.77 per share.
YCharts funding climbs $3.9m
Morningstar and Reed Elsevier-backed stock trading tool provider YCharts takes total funding to $8.6m with series C round.
Firm behind River Island backs Hut Group
Lewis Trust Group joins investors in backing online retailer The Hut Group.
Business Growth Fund backs Magma
The Business Growth Fund (BGF) set up by five major UK banking groups to stimulate business in the country, has led a £8.76m ($12m) investment into Magma Global, a local designer and manufacturer of high performance carbon fibre pipe for subsea oil and gas applications. Magma’s two existing investors, NES Partners, a Danish venture capital… Continue reading Business Growth Fund backs Magma
Spirax-Sarco takes stake in Econotherm
Spirax-Sarco, a UK-based manufacturer of boiler and pipeline control valves for steam heating and process plants, has bought 30% of Econotherm for £1m ($1.5m). It also has the option to acquire the remaining equity in the period between 1 January 2016 and 31 March 2019. The transaction is expected to make a small positive contribution… Continue reading Spirax-Sarco takes stake in Econotherm
Bloom balloons funding by $130m
Credit Suisse participates in $130m boost for Bloom Energy, the US-based maker of renewable-energy fuel cells.
BioAmber revisits IPO terms
Lanxess-backed converter of feedstocks into chemicals revises IPO terms.
RTP Ventures re-backs GridGain
US affiliate of Russia-based IT investment conglomerate Ru-Net backs real time big data processing business again.
Bitcoin business gets $5m backing
Coinbase raises $5m thanks to VC Union Square and Meyer Malka’s Ribbit.