Celgene Corporation commits $35m to biopharmaceutical company PharmAkea in strategic alliance to develop therapeutics for cancer and fibrosis.
Month: October 2013
Twitter to fly nest in $1bn IPO
Social networking service Twitter files IPO registration with a suggested valuation of $12.8bn.
Untangle acquires Intel-backed Cymphonix
Network software company Untangle acquires Intel-backed Cymphonix Corporation and pursues further acquisitions.
Potbelly’s IPO gobbled up
Potbelly Corporation, a US-based sandwich shop chain which owns and operates 288 shops across the USA, raised $105m in its initial public offering (IPO) of 7,500,000 shares priced at $14.00 per share. Potbelly’s backers include Maveron, a venture capital firm co-founded by Starbucks’ chief executive officer Howard Schultz, and venture capital firms Benchmark Capital and… Continue reading Potbelly’s IPO gobbled up
Monsanto acquires Climate Corporation for $930m
Monsanto Company, a US-based agricultural products company, has agreed to acquire US-based insurance and risk management technology company The Climate Corporation for a cash purchase price of $930m. The acquisition is intended to combine The Climate Corporation’s expertise in agriculture analytics and risk-management with Monsanto’s R&D capabilities, in order to provide farmers with access to more… Continue reading Monsanto acquires Climate Corporation for $930m
Salesforce.com and Intel back MongoDB’s $150m financing
MongoDB, a US-based, big data technology company which provides document-oriented databases for enterprises, has secured $150m in financing, led by an unspecified financial services company and US-based fund T Rowe Price, together with new investors, alternative asset management firm Altimeter Capital and customer relationship management software company Salesforce.com; the round included participation from existing investors… Continue reading Salesforce.com and Intel back MongoDB’s $150m financing
InVent acquires social app stakes
InVent Ventures, the corporate venturing unit of Thailand communication services group, Intouch, has invested in Computerlogy and Meditech Solution. The combined deals were valued at $1.08m.
IDG accounts for $10m Wacai app
IDG Capital Partners, the corporate venturing unit of the IDG research group, has invested close to $10m in Wacai, a Chinese personal finance app developer. The series A round follows on from a June 2011 angel investment of close to 10 million yuan ($1.6m), bringing its funding to date at about $11.6m.
Google-backed Cool Planet pens Concord Energy JV
Small scale biofuel refiner, Cool Planet Energy Systems from the US, is getting closer to its ultimate business plan to build biofuel refineries across the US and Asia following a funding tranche and a joint venture. The company has an enviable list of corporate venturing backers including Google Ventures and BP.
Five mistakes in creating a global network
When creating an effective global network, corporate venturing units can make five mistakes. In this week’s Global Corporate Venturing webinar, sponsored by Relevant Equity Systems, Ray Haarstick, chief executive of the fund and deal back office software system, moderated an excellent discussion on the right ways to create an effective global network – and what… Continue reading Five mistakes in creating a global network
Big Deal: Communicating SAP’s $1bn
“Raising $1bn is never easy.” And so Germany-based software provider SAP’s decision to commit $651m to its affiliated corporate venturing unit’s second direct investment fund, on top of $405m to SAP Ventures’ fund of venture capital funds earlier this year is worth looking at as this week’s Big Deal analysis. The obvious answer to why… Continue reading Big Deal: Communicating SAP’s $1bn
Castrol innoVentures hires Angel Gambino
Castrol innoVentures appoints Angel Gambino as general manager of Smart Mobility.
Rose tops AngelList’s syndicate list
Kevin Rose, a general partner at Google Ventures, the corporate venturing arm of search firm Google, has the most backing in AngelList’s recently introduced syndicate system. 325 backers have committed capacity of $1,446,000 to support investments made by Rose, who states that he expects to make 5 investments per year. His typical investment is $150,000, and… Continue reading Rose tops AngelList’s syndicate list
Take-Two connects with Twitch
Live video platform for gamers raises $20m series funding from investors including video game publisher Take-Two.