AAA March 2014 – Page 12

What’s up doc for IDG India, Ascent

IDG Ventures India and private equity firm Ascent Capital have invested equity capital in India-based document software management company Newgen Software. The round is worth INR 1100m ($17.61m) Other corporate investors that have backed the business include HSBC Private Equity (Asia) and SAP Ventures.

Smarterer buzzes for $1.6m

Smarterer, a US-based startup which provides skills assessment technology, and is already backed by Google Ventures and venture capital firm True Ventures, has closed a $1.6m series B round of funding including from new investors Rethink Education, a venture firm focused on education technology, and Deborah Quazzo, managing partner of GSV Advisor, a broker dealer… Continue reading Smarterer buzzes for $1.6m

Siemens arrives at Polarion

Siemens Financial Services’ venture capital unit (SFS VC), the corporate venture capital organization of German engineering and electronics conglomerate Siemens, has made a strategic corporate investment of $10m series A funding in Germany- and US-based Polarion Software, maker of application lifecycle management (ALM) technology for software and product development, The investment, the first outside funding… Continue reading Siemens arrives at Polarion

Wayra makes waves in China

Wayra, the incubator and accelerator network of Spain telecommunications Telefónica, is now spreading its wings to China. Wayra has to date had a strong presence in Europe and Latin America, which makes this particular partnership significant and a sign of stronger Sino-Latin relations in the telecommunications and software application sectors. With this agreement now set,… Continue reading Wayra makes waves in China

Hearst Health Ventures taken by Tonic

Hearst Health Ventures, a recently formed corporate venturing unit of media and information company Hearst Corporation, announced in February an undisclosed amount of investment in Tonic Health, a US-based medical data collection platform. As part of the investment, Ellen Koskinas, managing director of Hearst Health Ventures, joins the Tonic Health board of directors. Steven Swartz,… Continue reading Hearst Health Ventures taken by Tonic