The China-based internet company will take a 28% share of CJ, and will also acquire its sister company Netmarble through the deal.
Month: March 2014
The Orange Chef weighs up nicely for Google Ventures
Google Ventures, the corporate venturing unit owned by search engine company Google, has co-invested with Spark Labs Global Ventures in a $3m funding round for The Orange Chef, which has developed clever connectable kitchen products for home use.
Lilly New Ventures makes sound investment in Audion
Eli Lilly and Company has invested an undisclosed amount of funding in Audion Therapeutics, a Netherlands company developing a treatment for sensorineural hearing loss, as part of a series A round.
Big data pays and that’s a fact says Tenaya, Citi
Tenaya Capital, the venture capital firm spun out of Lehman Brothers following its bankruptcy, has led a $38m series C investment in Platfora, a data analytics software company. The latest round includes Citi Ventures, the corporate venturing unit of financial services company Citi, which is also a Platfora customer, as well as corporate investor Cisco… Continue reading Big data pays and that’s a fact says Tenaya, Citi
Baxter makes novel move for Covagen
Baxter Ventures, the corporate venturing unit behind US pharmaceutical company Baxter International, has invested $50.7m in a series B round of funding for Covagen, a developer of therapeutic medicines for people suffering from inflammatory diseases, such as rheumatoid arthritis.
Leading physicians’ community ‘Doctor At Work’ secures $3m
“Doctor At Work,” Russia’s leading physicians’ community, has just secured $3m from three major Russian venture funds – existing investors Aurora Venture Capital and Bright Capital, and new investor Guard Capital. The deal valued the startup at $16.5m. A part of the funds – less than one third, Bright Capital’s press service told East-West Digital News – went… Continue reading Leading physicians’ community ‘Doctor At Work’ secures $3m
Russian microelectronics developer Ruselectronics to invest $35 million in innovative projects
Ruselectronics plans to launch a business incubator as part of a $35m, three-year investment plan.
Simon Property Group says yes to corporate venturing
The retail real estate company has formed a corporate venturing subsidiary that will invest through series C+, and which will pursue startups developing technology that can be applied to retail.
Opower to generate up to $116m in IPO
The GE-backed energy management company has set the range for an initial public offering that could raise up to $115.9m.
LiquidHub flows to $53m series B
Credit Suisse-backed digital integrator LiquidHub has now raised $75m in equity, after completing a $53m round led by ChrysCapital.
Wanxiang closes $149m purchase of bankrupt Fisker Automotive
The assets of the hybrid electric car maker has now been fully transferred to Wanxiang, which is also the owner of past Fisker investor and battery supplier A123 Systems.
SolarCity joins investors in Off-Grid Electric
Solar system installer SolarCity has co-led a $7m round for Off-Grid, which provides off-grid solar power to Tanzania.
Naspers returns to Souq for a good deal
Souq.com, an e-commerce site that serves the Middle East and North Africa, has secured $75m from e-commerce group Naspers, an existing investor.
Disney meets its Maker in $500m deal
Corporates Time Warner, Singtel, Canal+ and Team Downey are in line for a hefty exit in the $500m acquisition, which could potentially rise to $950m.