France-based online travel agency Planetveo has raised over €15m ($19.7m) in funding from Iris Capital, the investment fund supported by mobile telecommunications company Orange and advertising and public relations company Publicis, and from listed private equity and venture capital investor Gimv. Previously in 2007, investment management company Alven Capital invested €2.5m capital in Planetveo, and… Continue reading Iris sends Planetveo on way with $19.7m
Month: June 2013
Cortica closes series B round
Web image-recognition technology company raises $6.4m series B funding from investors including Mail.ru Group.
Corning admires View
Corning Incorporated leads $60m series E funding for dynamic glass maker.
Planetary Resources to mine corporations
Two corporate venturing units are expected to join engineering, procurement, and construction specialist Bechtel, which invested in April.
Bootcamp pitches into Paris
Twenty four young French companies pitched to panels of investors at iX Paris 2013, including representatives from corporate venture capital units of France-based phone company Orange, US-based semi-conductor maker Qualcomm and German-based media group Holtzbrinck.
Fred Wilson: ‘Did you see my apology?’
“Did you see my apology to the corporate VC [venture capital] universe?” This is not a regular email into Global Corporate Venturing’s inbox from a venture capitalist, but Fred Wilson wrote to point out his public comments on the subject in a PandoDaily video could have been more nuanced than his “they suck” argument. You… Continue reading Fred Wilson: ‘Did you see my apology?’
Big Deal: Index gets blood pumping
Venture capital firm Index Ventures has made its biggest investment yet in a life sciences firm after putting $11m behind biotech firm XO1 from its $200m life sciences fund backed by drugs companies Johnson & Johnson and GlaxoSmithKline (GSK). Index, which has 21 current life science investments in its portfolio, was the sole participant in… Continue reading Big Deal: Index gets blood pumping
Support Brooklyn Castle Chess team
For chess, the community of Brooklyn, and for the reputation of high finance I urge you to back the campaign.
Qualcomm and SingTel-backed Tempo ups funding
Calendar app company Tempo AI raises $10m series A funding.
GSK fathers Kurma Biofund II
UK-pharmaceutical company GlaxoSmithKline (GSK) has joined with France-based venture capital investment firm Kurma Life Sciences Partners, bpifrance (France’s public investment bank), Idinvest Partners and investment fund New Enterprise Associates to launch Kurma Biofund II: The Orphan Initiative. The first closing of the fund has reached €44m ($58.2m) out of a target total of €75m ($99.3m).… Continue reading GSK fathers Kurma Biofund II
Coburn replaces BP Ventures’s Emery
Craig Coburn has become business unit leader for UK-based oil company BP’s emerging businesses and ventures unit, replacing Dominic Emery, who has become vice president of long-term planning for BP, effectively BP’s head of strategy. Coburn was formerly chief financial officer for BP Alternative Energy. Issam Dairanieh remains the head of ventures for BP, and… Continue reading Coburn replaces BP Ventures’s Emery
Icap invests in Enso
Icap, a UK-based financial markets dealer, broker and provider of post trade services, has made a strategic investment in Enso Financial Management (EFM), an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services. The investment has been made through Euclid Opportunities, Icap’s majority-owned corporate funding vehicle for financing early-stage… Continue reading Icap invests in Enso
Google keeps with FitStar
Google-backed fitness app company raises $4m in series A funding.
Excite Japan fits Locondo nicely in $6.2m series B round
Japan fashion e-tailer, Locondo, has raised $6.2m in a series B round from corporate investor Excite Japan.