Intel Capital leads $3m seed funding round for gourmet food marketplace GoldBely.
Month: September 2013
Best Buy’s Zubie zooms
Zubie, a US-based technology company which makes the Zubie Key, a car onboard diagnostics dongle designed to connect to a Zubie App, has raised $8m series A funding from venture capital firm OpenAir Equity Partners and an unnamed investor. Zubie, previously known as GreenLight Connectivity Solutions, was formed in 2012 as a joint venture between… Continue reading Best Buy’s Zubie zooms
Cool Planet’s funding hots up
Cool Planet Energy Systems, a US-based biofuel developer which is backed by the corporate venturing units of General Electric, Google Ventures, BP, ConocoPhilips, NRG and the Constellation Energy division of Exelon, has raised a further $19.4m in its anticipated $100m series D financing, adding to the $29.9m tranche already closed in June. The round included… Continue reading Cool Planet’s funding hots up
Cinemacraft raises $1.5m
NTT Docomo joins Turner Broadcasting in backing videogram creator Cinemacraft.
SoftBank, Verizon and AOL get into ActionX
Mobile commerce platform ActionX raises $5m from investors including strategic backers SoftBank, Verizon and AOL.
OnDeck ramps up credit facilities
Google and SAP-backed small business lender closes $130m in credit facility commitments from three banks.
Schlumberger and 908 Devices find right chemistry
Oilfield services company Schlumberger joins $7m series B funding for maker of handheld chemical analysis tools, with participation of existing investors including University of Tokyo Edge Capital.
Intel acquires its own Indisys
Intel has acquired virtual assistant creator Indisys, one of Intel Capital’s portfolio companies.
Corporate venturing gallops, as open innovation rises
The first large scale survey of open innovation practices found the outbound innovation activity growing most in importance was corporate business incubation and venturing.
Matterport materialises $2.8m
Qualcomm-backed developer of camera system for creating 3D models raises $2.8m series A-1 funding from angels.
Maker Studios adds Canal+, Astro and SingTel to investor castlist
Online video production company Maker Studios closes $26m series C second tranche financing from investors including Canal+, Astro and SingTel, building on a Time Warner-backed first tranche of $36m.
South Korea exit culture: tortoise beats hare
Earlier this year The Korea Capital Market Institute estimated that the government measures there to support angel investors and start-up companies would initiate a subsequent 4.3 trillion won increase in venture investment over the next five years. And with angel investor data also rising, deal flow is naturally buoyant. But the impatient exit culture of this market could be setting up entrepreneurs and investors alike for failure.
Microsoft opens London accelerator
Microsoft Ventures is seeking applicants from UK technology and gaming start-ups to join the latest branch of its global accelerator.
TimeSpace v1 class graduates
The New York Times has graduated the first three start-ups from its incubator timeSpace and plans to invest in each.