AAA August 2013

Month: August 2013

European turbulence for CVC after Aer Lingus win

Last week saw a legal victory, which could potentially complicate corporate venturing in Europe, if the UK ruling influences an important legal review going on in Brussels.  The UK’s Competition Commission found last week that Ireland-based airline Ryanair’s minority stake in Aer Lingus allows it to materially influence Irish rival Aer Lingus in an anticompetitive… Continue reading European turbulence for CVC after Aer Lingus win

Big Deal: Juniper preps two more exits

Looking at the successes of some corporate venturing units, it is hard to see quite how and why some venture capitalists find it such hard work. Therefore, with two more planned flotations for its three-year-old programme, Jeff Lipton (pictured), vice-president of venture and strategic investments at computer network equipment company Juniper Networks, could be forgiven for… Continue reading Big Deal: Juniper preps two more exits

7-Eleven fills Belly

Belly, a US-based customer loyalty platform for small businesses, which provides an app in place of loyalty cards, has raised a $12.1m series B-1 funding round from investors including 7-Ventures, the recently established venture capital arm of convenience store chain 7-Eleven, US-based network systems company Cisco Systems, and venture capital firms New Enterprise Associates (NEA),… Continue reading 7-Eleven fills Belly

Pure Storage raises $150m

Pure Storage, a US-based all-flash enterprise storage array company backed by South Korea-based conglomerate Samsung, has raised $150m at a valuation of more than $1bn. Advised by merchant bank Allen & Co, Pure said: “Joining the Puritan family [those working at Pure] with this round are leading public market investors T Rowe Price, Fidelity, and Tiger Global.… Continue reading Pure Storage raises $150m

Get Real Health gets Telus funding

Get Real Health, a US-based software company which specialises in personal health record (PHR) technology, has raised an undisclosed but “significant” amount of investment from Telus Ventures, the venture capital arm of Canada-based telecommunications company Telus. The funding will allow Get Real Health to accelerate the development of new features and functionality of its software… Continue reading Get Real Health gets Telus funding

Comcast’s Singh joins Foundation Capital

Aditya Singh, former associate at Comcast Ventures, the venture capital affiliate of cable television company Comcast Corporation, has been named a partner at US-based venture capital firm Foundation Capital, which has just raised $282m for its seventh fund. Singh will cover startups in enterprise IT infrastructure, systems, software and services, with a particular focus on… Continue reading Comcast’s Singh joins Foundation Capital