Xagenic, a Canada-based molecular diagnostics company spun-out from research at the University of Toronto and backed by investors including Netherlands-based, assay technology company Qiagen N.V., has raised $20m series B financing led by new investor, venture capital firm Domain Associates and joined by existing investors including venture capital investment partnership CTI Life Sciences Fund and… Continue reading Xagenic raises $20m for desktop molecular diagnostics
Month: December 2013
Palantir valued at $9bn
Cybersecurity and data analytics company Palantir, backed by In-Q-Tel and Reed Elsevier, is reported to be raising a fresh round of finance of up to $100m, at a valuation of $9bn.
Bertelsmann Asia, DCM high in the sky with UCloud deal
Private equity firm Doll Capital Management (DCM) and Bertelsmann Asia Investments, the Asia-focused corporate venturing unit of the German media group Bertelsmann, have invested $10m in a series A round of funding for UCloud Information Technology. The IaaS business that targets SMEs to build their scalable IT infrastructures through cloud computing will use the funds… Continue reading Bertelsmann Asia, DCM high in the sky with UCloud deal
Changhong to launch $41m ‘intelligent’ fund with CBC
According to news reports by China’s Private Equity Daily, Sichuan Changhong Electric is getting into the corporate venturing game by co-funding and investing with Chinese private equity firm, China Broadband Capital Partners (CBC) and launching a fund to the tune of $41m. Sichuan Changhong Electric is principally engaged in the manufacture and distribution of household… Continue reading Changhong to launch $41m ‘intelligent’ fund with CBC
Chernin animated over Crunchyroll equity stake
The Chernin Group, former News Corp president Peter Chernin’s holding company, said it had acquired majority control of Japanese anime streaming service Crunchyroll, expanding holdings that include stakes in online video company Fullscreen and mobile entertainment network Scopely.
New York to spur biotechs with corporate-backed fund
Celgene Corporation, Eli Lilly and GE are set to invest $40m in a $100m biotech investment fund being established by New York City.
Boehringer Ingelheim looks to invest in US “difference-makers”
Boehringer Ingelheim Venture Fund (BIVF), the corporate venturing affiliate of Germany-based pharmaceutical company Boehringer Ingelheim, has established a US office Cambridge, just outside Boston, USA. The fund plans to invest a total of $130m in ten life sciences start-ups, with no time limit on when to make the investments. BIVF’s US office has been established… Continue reading Boehringer Ingelheim looks to invest in US “difference-makers”
Dell UK launches Start-Up-in-Residence 2014 competition
US-based computer company Dell’s UK division has launched a Start-Up-in-Residence 2014 Competition, with entries due by 14 February 2014. The best five applicants will be invited to pitch their business to Dell’s global Entrepreneur-in-Residence, Ingrid Vanderveldt, Tim Griffin, managing director and vice president, Dell UK, Sarah Shields, executive director and general manager, consumer, small and… Continue reading Dell UK launches Start-Up-in-Residence 2014 competition
Flaregames forms advisory board
Germany-based mobile games developer sets up advisory board including Thomas Grota of T-Venture.
KLM and Schiphol see potential in Eye on Air
Aviation security technology company Eye on Air receives funding from Mainport Innovation Fund, backed by KLM and Schiphol, to progress its explosives detection technology towards commercial launch.
Lagardère backs Idinvest to turn up digital gems
Idinvest Partners, a France-based private equity firm specialising in French and European small and medium-sized enterprises, made an initial close of its Idinvest Digital Fund II at €60m at the end of October, and is target a final close at €100m. The fund is dedicated to financing the growth of businesses in digital and new… Continue reading Lagardère backs Idinvest to turn up digital gems
Nordic Innovation Accelerator to target cleantech
Veolia Environnement and LADEC, a development agency for the Lahti region of Finland, launch the Nordic Innovation Accelerator to fast-track Nordic cleantech companies into international markets.
Betaworks raising $20m
Startup studio and seed investor Betaworks, backed by Intel, is reported to be raising $20m fresh finance.
Intel writes cheque for Waltop
Waltop, maker of stylus technology for writing on digital devices, receives funding from Intel Capital amid recognition of growing demand for mobile-related technologies.