Europe’s cloud visionaries convene
Month: August 2013
SetPoint pulses with $27m
UK-listed drugs company GlaxoSmithKline’s (GSK) new strategic corporate venturing fund for bioelectronic medicines and technologies has joined a consortium to investing in the $27m series D round for SetPoint Medical, a US-based biomedical technology company. Alongside GSK’s Action Potential Venture Capital fund in the round were corporate venturing peers from healthcare companies Covidien and Boston… Continue reading SetPoint pulses with $27m
Big Deal: GSK electrifies with first deal
The first deal by any fund is always scrutinised carefully, both within the company and without. So, UK-listed drugs company GlaxoSmithKline’s (GSK) new strategic corporate venturing fund for bioelectronic medicines and technologies’ decision to invest in the $27m round for SetPoint Medical offers plenty of opportunities for reading the tea leaves, as it were. Of… Continue reading Big Deal: GSK electrifies with first deal
500px captures series A finance
Photo community 500px raises $8.8m series A finance led by Andreessen Horowitz and Harrison Metal.and joined by investors including Creative Artists Agency.
Samsung syncs with Hearst through CareInSync
Samsung Venture Investment Company invests in patient care coordination platform, joining investors including Hearst Business Media.
DrillMap finds bearings with ConocoPhillips
RockPort Capital leads $6.5m series A funding for upstream and midstream energy mapping platform, with participation of ConocoPhillips.
CVC appears to hit a data high
Any excitement needs a little tempering.
GE finds security in ThetaRay
General Electric invests undisclosed amount in Israeli cyber-security startup.
iStreamPlanet flows in $8m
QuestMark Partners leads $8m financing for video workflow company already backed by Intel Capital, Turner Broadcasting, Interxion and Juniper Networks.
KDDI invests in Monoco in a flash
KDDI Open Innovation Fund, the corporate venturing unit of Japan telecommunications group KDDI and venture capital firm Global Brain, has invested an undisclosed amount of funding in Japan-based flash sales e-commerce site Monoco.
KDDI, Globis hacks a deal with Nanapi
KDDI, the corporate venturing unit of Japan telecommunications group KDDI, has set its sights on Nanapi, a consumer information sharing site that boasts 60 million monthly page views. The latest round was worth $2.7m and brings the start-ups funding to date to $6.1m.
Samsung lights up to Novaled
Asia electronics group Samsung is looking to gain greater control of the organic light-emitting diode, or OLED, technology as consumers favour thinner screens in smartphones and TV sets. It is hoping to get a piece of that market through a pending acquisition through its affiliate Cheil Industries, also known as Samsung Chemical, of German organic light-emitting diode (OLED) technology developer Novaled.
Microsoft India creates single entry for start-ups
Microsoft Ventures in India will bring its seed fund, start-up accelerator and BizSpark into a single programme.
NHN to fund South Korean start-ups and small firms
NHN, operator of South Korean web portal Naver, is setting aside $90m to back small IT companies and venture start-ups, just as South Korea’s Fair Trade Commission investigates NHN’s “tremendous power” over advertisers and software developers.