Defence contractor Northrop Grumman to partner with Johns Hopkins University, BioHealth Innovation, and DreamIt Ventures on startups.
Month: December 2013
Mederi closes year with $18.5m
Life sciences firm Mederi Therapeutics raises $18.5m from backers including biotech firm Bio-Rad Laboratories.
Christmas crescendo at Cambridge
Crescendo Biologics, a life sciences spin-out company of Cambridge University, has received £17.5m ($28.9m) in a series A supported by new and existing backers, including the corporate venturing arm of Astellas Pharma. The round was led by Imperial Innovations, the tech transfer unit of Imperial College London, marking the latest in a string of deals… Continue reading Christmas crescendo at Cambridge
Foursquare checks in $35m
Location companion and check-in app Foursquare raises $35m series D funding from venture capital investors DFJ Growth and Capital Group.
Sailthru unfurls $20m
Marketing technology company Sailthru raises $20m series C funding led by Scale Venture Partners and backed by existing investors including AOL Ventures.
Zubie plugs into Castrol and Comporium
Castrol InnoVentures and Comporium join OpenAir Equity Partners in $10m series A funding for car diagnostics kit maker Zubie.
Baidu backs Yoka
Chinese web services company Baidu leads $15m series C funding for Yoka, with participation of Hearst.
Legend leads Virtual A round
Business activity platform Virtual Hall has closed an A round of funding led by Legend Capital.
LVMH runs with 2XU
Singapore-based L Capital Asia, the corporate venturing fund representing French luxury consumer brands conglomerate LVMH and Malaysia-based YTL Corp Bhd, has taken a 40% stake in the Australian sports brand 2XU. Local media puts the value of the deal at A$80m ($72.8 m). 2XU executive chairman and co-founder of 2XU, Clyde Davenport, statee, “We are… Continue reading LVMH runs with 2XU
Johnson & Johnson expands UK offices
Johnson & Johnson is to open new networking offices across UK life science clusters, as part of an extension of their existing London Innovation Centre, to further develop early stage innovation.
Tencent tucks into Plain Vanilla
Icelandic games studio Plain Vanilla, maker of QuizUp, raises $22m series B funding led by Tencent and Sequoia Capital, with backers including IDG Ventures.
SanJet captures Intel investment
Intel Capital ‘excited by roadmap’ of Taiwan-based SanJet Technologies, maker of digital video recorders for vehicles and drivers.
Prairie secures $1.65m
Prairie Cloudware completes its first round of funding, raising $1.65m for a mobile payments prototype, from Nelnet, Treetop, Croghan, Nebraska Global and Tetrad Corporation.
Covagen closes B round
Novartis Venture Funds, the $750m corporate venturing division of pharmaceutical firm Novartis, has participated in a series B round of funding for Swiss-based biopharmaceutical company Covagen AG, which develops protein-based therapeutics for the treatment of inflammatory diseases and cancer. Covagen closed Its tranched B round of funding at CHF 42m ($46.9m) with the option to… Continue reading Covagen closes B round