Civitas Therapeutics, a US-based biopharmaceutical company with a lead program in Parkinson’s disease, has completed a $38m series B financing led by life sciences venture capital firm Bay City Capital and joined by new investors RA Capital, a US-based healthcare and life sciences investment firm, as well as an undisclosed investment fund; all existing investors… Continue reading Civitas Therapeutics raises $38m with Irish backing
Month: September 2013
iMENA shows appetite for Foodpanda’s Hellofood
Foodpanda, an online food delivery service which is a portfolio company of the Germany-based, Samwer brothers’ ecommerce incubator Rocket Internet, has received a strategic investment of $8m from iMENA Holdings, a MENA-focused, consumer internet holding company and accelerator, in order to support its affiliated brand Hellofood. The funds will be used to expand Hellofood’s operations… Continue reading iMENA shows appetite for Foodpanda’s Hellofood
Naspers keeps classified in Asia
South Africa media and internet services firm, Naspers, is not pulling out of the Indonesia and Philippines online service markets, despite the corporate investor having to bite the bullet and close two sites in those markets earlier this year. Two strong brands in the classified sector has proved that the right strategy works in any market.
ZhenFund enrols Super Curriculum
ZhenFund, a China angel investment firm founded by Xu Xiaoping, the co-founder and former Vice Chairman of NYSE-listed Chinese education services provider New Oriental, has invested an undisclosed RMB 7-digit figure in a second round of new funding for Guangzhou Zhoumo Network Technology. The China student-focused mobile SNS application developer will use the funds to add features to its “Super Curriculum” app and expand its development team.
Fenbi: IDG Capital goes back for more
IDG Capital Partners, the corporate venturing unit of international research group IDG, has re-invested in China-based Fenbi Technology, an online education SNS platform operator. IDG Capital Partners was joined by new investor Matrix Partners China in the $7m series B round.
Verizon sets MobileRQ on way
Travel-orientated app marketing platform MobileRQ raises initial $800,000 funding led by Verizon.
Jingdong takes a bite out of Daojia in series C round
Beijing Shishang Renjia Networks Technology Co. Ltd., known more commonly as Daojia.com.cn or Daojia, has completed a series C round of funding. JD.com (Jingdong), a B2C e-commerce company in China, and China early stage venture capital firm, Morningside Ventures- also an existing shareholder of Daojia- co-led the investment. The amount of money raised was not… Continue reading Jingdong takes a bite out of Daojia in series C round
L Capital Asia fund hits $950m in six months
LVMH corporate venturing unit, L Capital Asia, has exceeded its original target for its second private equity fund, announcing it has reached its hard cap of US$950m. Launched in March 2013, targeting commitments of US$800m, the fund raising exercise has been completed within six months.
Alibaba nabs investor stakes in UCWeb
China-based online trade site, Alibaba, has increased its stake in China-based mobile browser company UCWeb and in the process replaced two investors.
Cisco lassoes Whiptail
Cisco agrees $415m acquisition of SanDisk-backed data storage provider Whiptail.
AppDirect acquires Standing Cloud and raises $9m
Cloud application marketplace and management platform AppDirect acquires peer Standing Cloud and raises $9m series B funding, led by iNovia and including Stingray Digital Group.
SAP and Virtustream share cloud vision
German software company SAP leads $40m series D investment round in Intel-backed, cloud management software provider Virtustream.
Comcast backs Benu’s $26.6m B round
Broadband network equipment supplier Benu Networks raises $26.6m series B funding from investors including existing backer Comcast Ventures.
Narrative Science captivates SAP and Northwestern University
Robotic report writing service Narrative Science raises $11.5m series C funding from investors including SAP Ventures and Northwestern University.