US retail company Target has selected the first five startups to participate in its new India-based accelerator.
Month: March 2014
Microsoft Ventures goes like Lightning Lab
Lightning Lab is the first digital accelerator programme in New Zealand and the only southern hemisphere-based programme among Microsoft Ventures’ 14 global accelerators. Lightning Lab will receive sponsorship from both Microsoft Ventures and Microsoft New Zealand. Thiago Almeida, technical evangelist from Microsoft New Zealand, is leading Microsoft’s mentoring process at Lightning Lab. Speaking about the… Continue reading Microsoft Ventures goes like Lightning Lab
Microsoft and Espirito Santo launch $128m Brazilian startup fund
Microsoft Ventures and Espirito Santo Ventures will be joined by another corporate venturing unit, Qualcomm Ventures, and will seek to secure up to BRL 300m ($127.8m) for the fund.
Persimmon Technologies closes $14m ABB-backed series B round
ABB Technology Ventures joined Persimmon’s existing investors Intel Capital and Nidec Sankyo and helped the industrial technology producer to complete a $14m series B.
Castlight raises healthy $204m from IPO
Cleveland Clinic-backed healthcare services analytics provider Castlight Health has closed a $204.24m initial public offering
Yahoo eyes $15bn treasure from Alibaba IPO
Internet company Yahoo to sell a stake of up to 10% in Alibaba, China’s largest e-commerce company, in what will likely be the largest IPO in the US since Facebook.
Andreessen Horowitz, CrunchBase put $37.5m in motion for DigitalOcean
Andreessen Horowitz was joined by IA Ventures and CrunchFund (an early stage venture capital firm founded by Michael Arrington, Patrick Gallagher, and MG Siegler), in a $37.5m series A round of funding for DigitalOcean. The cloud hosting service that caters to developers, will use the funds towards purchasing a “boat-load of servers and networking gear”… Continue reading Andreessen Horowitz, CrunchBase put $37.5m in motion for DigitalOcean
Constellation converts SolarBridge into new strategy
Constellation Technology Ventures, a corporate venturing unit of energy company Exelon, has invested $42m alongside Shea Ventures, Rho Ventures and Prelude Ventures, in a series E round of funding for SolarBridge Technologies. The solar microconverter and monitoring technology company will use the proceeds of the funding to expand its sales and marketing capabilities in North… Continue reading Constellation converts SolarBridge into new strategy
3M lights up MSi
3M has invested an undisclosed amount in MSi Lighting, a US-based company that offers an alternative to traditional halogen light bulbs.
Exit: Renaissance passes with flying colours
When Google Capital decided to invest $40m in US educational assessment company Renaissance Learning in February of this year, it perhaps did not consider a chunk of that investment would be realised about a month later. At the time of the investment the business was valued at $1bn and just a month later the business saw its value hit the $1.1bn mark when it was acquired by private equity firm Hellman & Friedman.
Funding injection for Redlen Technologies
Redlen Technologies, a Canadian company that manufactures semiconductor radiation detectors, has raised C$5.5m ($3.6m) series B funding led by Pangaea Ventures and including In-Q-Tel.
Google Capital hammers $50m for Auction.com
Google Capital, one of the corporate venturing units of the eponymous internet search engine, has invested $50m in US online real estate auction site, Auction.com. The company has sold nearly $20bn in assets since 2010. With this latest investment, the company is valued at over $1.2bn.
Novo leads ZSPharma to better health
ZS Pharma, a specialty pharmaceutical company developing novel treatments for kidney, cardiovascular, and liver disorders, has completed a $55m series D financing. The investor syndicate was led by Novo A/S and included new investors RA Capital, Adage Capital, Sofinnova Ventures ,and an undisclosed institutional investor. The company has raised $103m to date.
ServiceMax in crowd pleaser $71m series E
Salesforce.com, an enterprise cloud computing technology company, has invested in Service Max, a software company that serves the field service management sector. The $71m series E round was led by Meritech Capital with significant participation by Kleiner Perkins Caufield & Byers, as well as new investors Cross Creek Advisors, QuestMark Partners, Sozo Ventures, as well… Continue reading ServiceMax in crowd pleaser $71m series E