Pharmaceutical company Celgene Corporation is collaborating with Versant Ventures’ biotech incubator Blueline Bioscience to develop biotech startups in Toronto, Canada.
Month: November 2013
WhoKnows best for Citrix
Knowledge management software company WhoKnows raises undisclosed amount of series A funding from investors including the Citrix Startup Accelerator.
Fingerhut cements position at Cleveland Clinic Innovations
Gary Fingerhut has officially become the executive director of Cleveland Clinic Innovations
Zula ties down Microsoft investment
Microsoft Ventures has made an undisclosed amount of seed investment in Zula, a cross-platform mobile app designed to facilitate team communication.
France plans to unleash corporate venturing
A new finance measure should become effective by mid-2014, under which French companies or French subsidiaries of global companies will be incentivised to make riskier investments in small, innovative businesses.
Oxford Immunotec closes IPO
Diagnostics company Oxford Immunotec, backed by Dow Chemical Company and Kaiser Permanente Ventures, raises $62.8m in IPO.
American Family connects to Revolv
Universal remote manufacturer Revolv has raised $4m in a series A round from American Family and Foundry Group.
Fluential closes $8m A round
Language technology developer Fluential has closed its first round of funding at $8m following a $2m investment from NantWorks.
Avalon and GSK make first joint investment
Set-up and largely funded by GlaxoSmithKline and Avalon Ventures, pharmaceuticals company Sitari has raised $10m in a series A round.
Extreme Reality captures $10m
3D gaming company Extreme Reality raises $10m in a D round from Marker LLC and a unnamed, strategic partner.
UMC, Robert Bosch ascend Alpine
Alpine Data Labs, a developer of data analysis tools for big data, has raised $16m in a series B round from UMC Capital, Robert Bosch Venture Capital, Sierra Ventures and Mission Ventures.
Sgourdos to succeed Pacak as Naspers CFO
Basil Sgourdos, presently CFO of Naspers’ corporate venturing subsidiary MIH Holdings, will succeed Steve Pacak as CFO of Naspers in July 2014.
Hadron backs HipLogiq
Social media marketing technology company HipLogiq raises $7m series B funding from Hadron Global Partners.
Spotify valued at $4bn+ in latest round
Swedish music streaming service Spotify, backed by investors including Goldman Sachs and Coca-Cola, widely reported to have raised $250m from Technology Crossover Ventures.