The internet company is not planning to form a corporate venturing unit despite its forthcoming windfall from the Alibaba IPO, its chief development officer has confirmed.
Month: July 2014
Newsle top story after LinkedIn acquisition
LinkedIn has acquired news alerts platform Newsle in order for users to find out more about those in their professional networks.
MicroGreen colours in $17m round
The plastics recycler has raised $17m in a Waste Management-backed debt and equity round that increased its total funding to $79m.
Link-Age closes $26m venture fund
The senior living services company’s venture unit will invest up to $1m a time from the fund, raised in partnership with investment bank Ziegler.
RedMart puts $23m in trolley
The online grocery store has now raised $27m from investors including Garena and Softbank.
Cancer vaccine developer Immatics closes $46m series D
The Germany-based company has now raised more than $190m since it was founded, with the Swisscom-backed Mona Lisa Fund among existing backers.
Mansour lights up Electronic Cigarettes with $20m
The investment by Man FinCo, the investment arm of Mansour Group, could rise to $60m if the conglomerate takes up an option to increase its stake.
Comcast takes PowerCloud as Qualcomm exits
Qualcomm-backed PowerCloud Systems has been acquired in a sub-$50m deal by broadcast and internet service provider Comcast.
Weinberg heads to SGE
Susquehanna Growth Equity has appointed Ben Weinberg, formerly a principal at Element Partners, as its newest director.
US-China accelerator Innospring targets $5m
The accelerator, backed by partners including Shui On, is targeting $5m to follow on from a $1.5m fund raised in 2012.
Xagenic ups funding in $25m series B
Qiagen-backed diagnostic technology developer Xagenic has raised $25.5m in a second closing of its series B round.
LVP snags corporates for European games fund
Game developers Nexon and Wargaming will join Zynga CEO Don Mattrick as limited partners in the fund, which will make initial investments of up to $500,000.
Chargemaster switches on for $5m investment
Beringea has invested the cash in the BMW-backed electric vehicle charging company as it looks to expand further into Europe.
Major labels in talks to acquire Soundcloud stake
The music streaming service is set to issue stakes between 3% and 5% to Universal, Sony and Warner Music as part of a licensing agreement.