Korea electronics giant Samsung has turned a few heads in the mobile phone manufacturing sector of late following its decision to invest $48m for a 10 per cent stake in fellow Korea mobile phone maker, Pantech. According to Samsung it just comes down to components and procurement, nothing more.
Month: June 2013
TMI targets Taiwanese three
TMI Holding Corporation, a corporate venturing vehicle set up by the US venture capital firm WI Harper Group, Kaifu Lee, head of Innovation Works —China’s largest foreign owned Venture Capital Fund— and ITRI, a Taiwan nonprofit R&D organization engaging in applied research and technical services, has invested in three Taiwan start-ups. Founded in 2012, TMI… Continue reading TMI targets Taiwanese three
In-Q-Tel writes Narrative
Narrative previously held a $6m series A round in 2011, backed by venture capital firm Battery Ventures as the sole participant.
Rebright funds south-east Asia
Rebright Partners, the Japan-based incubator and mentoring fund led by serial entrepreneur and VC professional Takeshi Ebihara, is investing the firm’s latest fund in consumer-focused mobile and internet start-ups in south-east Asia’s more burgeoning technology markets.
CyberAgent joins crowdfunding space
CyberAgent Ventures, the corporate venturing unit behind Japan games business CyberAgent Inc., aims to raise $1m each month in crowdfunding for Japan start-ups with the initiation of a YEN45m ($415,000) crowdfunding platform.
Japan finds its fashion muse
Japan corporate venturing players, Itochu Technology Ventures and Mitsubishi UFJ Capital, have come back to invest in a series B round valued at $3.4, to help accelerate the growth of Japan-based VIP flash fashion sales site, Muse & Co.
GlaxoSmithKline acquires Okairos
Biopharmaceutical firm Okairos is acquired by GlaxoSmithKline for $325m.
Cisco powers up with JouleX
JouleX, which has had previous investment from Cisco, has been acquired by the computer network server company for $107m.
Google backs Weotta
Weotta was founded by chief executive Grant Wernick, an early adviser to AngelList and the Kauffman Foundation, and chief technology officer Jacob Perkins.
T-Venture dials into Numecent
the venture capital arm of telecom giant Deutesche Telekom invests in a $13.6m round of funding for Numecent.
Ophthotech raises $175m
Biotechnology company Ophthotech raises $125m from Nova A/s and $50m in a series C to bring the company’s total funding to $205m.
Rakuten widens US route with Webgistix acquisition
Rakuten, a Japan e-commerce group with a growing interest in internet sales-based logistics services, is acquiring US-based Webgistix, a logistics and services company that specialises in in fulfillment technology for e-commerce retailers. Financial details of the deal have not been disclosed, nor was a press announcement available on either company’s web site at the time… Continue reading Rakuten widens US route with Webgistix acquisition
Box2You gets red carpet treatment from Voyage Ventures
Voyage Ventures, the corporate venturing unit and incubator service of Japan online commerce service company Venture Group, has invested an undisclosed amount of capital into Japan e-commerce and celebrity product endorsement site, Box2You, through its parent company Grow!
Netprice makes landmark strategic deal in Turkey
Trade ties between Turkey and Japan are growing in number and magnitude this year from single digit e-commerce deals to multi-billion dollar nuclear energy construction projects. In what is becoming classic ‘Abenomics’ export agreements in an effort to boost export revenues and urge Japan’s private foreign investment, Netprice Limited, the corporate venturing unit of Japan e-commerce and incubator Netprice.com, has invested in Turkey-based consumer price comparison site, Akakce.com for an undisclosed sum.