German retailer Tengelmann Group has invested $3m in Asia price comparison site PricePanda. The capital will be used to expand into other markets in South East Asia.
Month: January 2014
Daum pens $2m Tapastic deal
Daum Communications,the largest Internet portal site in South Korea, with market cap of over $1bn and also one of the leading webcomic service providers in Korea, has invested $2m in a series A round for Tapastic, a US online portal for webcomics.
More playtime for LineKong
IDG Capital Partners portfolio company LineKong is proving its bet on mobile gaming would pay off for investors. The company has recently raised $80m in a series C round of funding led by Starwish Global.
BestBuy says good bye to MindShift
Ricoh has reached an agreement to buy MindShift Technologies, a provider of managed IT, cloud, data center and professional services to small and mid-sized organizations, from Best Buy. The acquisition is the latest strategic investment by Ricoh to expand and deepen its services portfolio. According to news reports, in 2011, Best Buy purchased MindShift for… Continue reading BestBuy says good bye to MindShift
Applied Ventures scopes two deals
Applied Ventures, the corporate venturing unit of Applied Materials, has completed strategic investments in two advanced imaging detection companies Oncoscope, a medical optical imaging technology company, and Passport Systems, a provider of advanced cargo scanning systems to identify dangerous and contraband materials. Financial details of the two investments were not made public.
Hobsons professes interest in iProf
The Daily Mail Group Information (DMGI) on behalf of its education subsidiary Hobsons has invested $9m in India e-learning company iProf Learning Solutions India, in a series B round of funding. Existing investors Norwest Venture Partners and IDG Ventures India, the corporate venturing unit of publisher International Data Group also participated in the round.
Planet Labs turns to Africa
Nigeria-based, pan-African investment company Heirs Holdings invests in satellite imaging company Planet Labs, already backed by investors including OATV.
Sievert leaves SAP for global fund
Joerg Sievert, Managing Director of SAP Ventures European Advisors, is moving on, having accepted a position as Managing Director in a global fund, as yet unspecified.
Health Catalyst infused with $41m
Healthcare data warehousing and analytics company Health Catalyst has closed a $41m series C funding round from existing backers including strategic investors Kaiser Permanente Ventures and CHV Capital, for it to build out its healthcare analytics platform.
E.ON moves on AutoGrid
Energy grid management software provider AutoGrid Systems has raised $12.75m in series C financing from investors included Germany-based energy utility E.ON, looking to deploy its big data analytics in making energy cleaner.
IFC invests in Russia’s Lamoda
By East-West Digital News. This investment – the first by the International Finance Corporation (IFC), part of the World Bank Group, in Lamoda – aims to “support the company’s expansion as well as enable Lamoda to consolidate its sustainable growth while further raising environmental, social and corporate governance standards. It will also aid the regional… Continue reading IFC invests in Russia’s Lamoda
Alex Marquez joins USAA
Insurance company USAA has hired Alex Marquez, a former Intel Capital director, as managing director of corporate development.
Gattamneni moves to Axiata
Srinivas Gattamneni, formerly managing director of consultancy Venture Pursuit and a former corporate venturer at UK-based chipmaker ARM, has joined Asian telecommunications company Axiata in Kuala Lumpur.
Care.com at home on NYSE
Care.com, a USAA-backed marketplace for housekeeping and care services, raised $91m in its IPO, with a capitalisation of $723m.