The venture firm would raise the sum, which effectively doubles the expected size of the IPO, if it floats at the mid-point of its range.
Month: September 2014
Brown Shoe Company steps into Jack Erwin
Men’s shoe producer Jack Erwin has now raised $11m altogether, after Brown Shoe Company joined its existing investor base.
Jike likes SIG for $22m series B
Computing education platform Jike has received $22m from backers including SIG’s Asian subsidiary, to expand the range of courses it offers.
WPP takes 15% stake in AppNexus
WPP has taken a greater stake in advertising technology developer AppNexus, investing $25m and increasing its involvement in the company to 15%.
Housing.com seeks tenants for $30m round
Qualcomm-backed property listings website Housing.com has entered talks to raise $30m from investors including Russian businessman Yuri Milner.
Ericsson acquires majority stake in Apcera
The communications technology producer reportedly made one of the largest ever investments in an IT platform company as part of the deal.
Otter Media adds Fullscreen to its vision
Otter, backed by AT&T and The Chernin Group, has bought Fullscreen Media, allowing Qualcomm to exit while WPP stays on as a shareholder.
HTGF invests in three, exits two
The corporate-backed fund has had a busy week, as it provided early-stage funding, while also existing through a buyback and an acquisition.
Monitise share price drops as Visa plans exit
Mobile payments company Monitise has seen its shares tumble after Visa, the fourth largest shareholder in the company, announced plans to reduce its interest.
RusHydro and Rusnano form $200m venture fund
RusHydro, Russia’s national hydropower company, has teamed up with the state-backed investment firm for a fund that will invest in power generation projects.
Haier makes SAIF choice for $52m fund
Haier Group and SAIF Partners have launched the Qingdao Haier SAIF Smart Home Industry Center fund, which will invest in smart home product developers.
Swrve skids to $10m series B
Mobile marketing automation firm Swrve has raised $10m in series B funding from Intel, Acero Capital and Atlantic Bridge.
Corus sings for Kin
Digital media company Kin has closed a $12m series C round led by Corus Entertainment, with which it has formed a strategic partnership to launch a Canadian subsidiary.
Xiaomi invests in good iHealth
Mobile health manufacturer iHealth has raised $25m in funding from the venture arm of Xiaomi, the largest dedicated smartphone manufacturer in China.