The fuel cell developer, which has received funding from investors including defunct Russian oil company Yukos, has secured $63m from Singapore’s sovereign wealth fund.
Month: March 2014
Obituary: Patrick McGovern (1937-2014)
McGovern launched IDG Ventures in 1996, and has brought a willingness to expand internationally to both the unit and its parent company.
MIPT – Phystech Moscow’s ‘Phystech’ sets up IT cluster with help of high-profile alumni
The Phystech IT Cluster was established in Russia last week in a multi-partner effort led by the Moscow Institute of Physics and Technology (MIPT), a leading Russian research university popularly nicknamed “Phystech.” The new non-profit partnership is expected to develop and implement advanced educational programs in computer science and software engineering and promote large-scale IT… Continue reading MIPT – Phystech Moscow’s ‘Phystech’ sets up IT cluster with help of high-profile alumni
Yandex acquires Israeli geo-location technology developer KitLocate
Geolocation platform KitLocate has been purchased by Russian internet company Yandex for an undisclosed sum.
Mail.ru Group to become majority shareholder of Vkontakte.ru
The Russian internet company has agreed to acquire an additional 12% share of social network Vkontakte, lifting its overall stake to 52%.
ibiboGroup books YourBus
The Naspers and Tencent-backed, ibiboGroup has followed its purchase of bus ticketing company redBus last year with the acquisition of another India-based bus travel service.
WPP looks to buy 60% stake in Rediffusion Y&R India
The UK-based media and advertising company would increase its share of the Indian ad agency to 87% through the deal.
NinePoint Medical scans new funds
Corning has led a $34m round for NinePoint Medical, a manufacturer of in-vivo pathology devices, bringing its overall funding to $67m.
Nexage advertises for series C round
The Singtel Innov8-backed mobile advertising company has raised $19.5m so far, and aims to close a series C round in the next two months.
GE Pension Trust helps Verdasys unlock funding
Data security firm Verdasys has taken its overall funding past $65m with a round backed by GE Pension Trust
Demandbase commands $15m investment
Adobe has invested in another round raised by US-based B2B marketing and personalisation platform Demandbase, after investing in its $10m series C and $15m series D rounds.
Box to open up in $250m IPO
Box, a US-based cloud content platform backed by a host of corporate investors, has filed for an initial public offering that could raise up to $250m. Founded in 2005 and based in California, Box is the developer of a platform that enables businesses to manage content on the cloud and share information anywhere on the… Continue reading Box to open up in $250m IPO
Waste Management extends corporate venturing strategy through biogas venture
US-based waste services provider Waste Management has formed a joint venture with gas generation technology developer Ventech Engineers International, energy company NRG Energy and gas-to-liquids (GTL) specialist Velocys that will produce renewable fuels and chemicals from gas and biogas. The JV will use smaller-scale GTL technology supplied by Ohio-based Velocys and will source biogas managed… Continue reading Waste Management extends corporate venturing strategy through biogas venture
Waste Management extends corporate venturing strategy through biogas venture
The waste services company has expanded on a strategy outlined to Global Corporate Venturing by forming a joint venture with US corporates Ventech, NRG and Velocys to develop small-scale gas-to-liquids plants.