Bayer Healthcare, a subsidiary of pharmaceuticals and chemicals producer Bayer, agreed on Tuesday to invest up to $25m as a strategic partner in US-based venture capital firm Versant Ventures’ latest fund. Bayer is one of several limited partners contributing to Versant Venture Capital V, which will target biotech and medical device start-ups in Europe, the… Continue reading Versant secures $25m from Bayer for latest fund
Month: November 2014
Xiaomi begins talks over funding at $40-50bn valuation
The Qualcomm and IDG-backed smartphone maker, which made a $566m profit last year, also plans to invest $1bn to boost its online video content.
Portfolio companies flesh out Intel Capital deals
Details of the unit’s investments in Inrix, PrecisionHawk, Avegant, Reno Sub-Systems and Prelert have emerged over the past two days.
Axiata forms $30m Malaysian corporate venturing fund
Malaysia-based telecommunications company Axiata Group has launched a $30m venture fund in partnership with government venture capital firm Malaysia Venture Capital Management (Mavcap). The Axiata Digital Innovation Fund will mainly target bumiputera (the Malay race and other indigenous groups) entrepreneurs working in enterprise and customer services which can add value to Axiata’s customers. The fund,… Continue reading Axiata forms $30m Malaysian corporate venturing fund
IDG drives $60m PPzuche series B
Car lending platform PPzuche.com has raised $60m in a series B round featuring IDG Capital Partners that will be invested in market expansion.
Series B funds flow into Quanta Fluid
Quanta has raised $43m in a series B round for the launch of its advanced haemodialysis system, bringing the total raised by the company to $57.3m.
BSB takes a piece of ScoopWhoop
Corporate JV Bharti Softbank has acquired a 36.5% stake in media company ScoopWhoop through BSB Portal, which is also backed by Yahoo.
SheKnows buys BlogHer for up to $40m
SheKnows has acquired its competitor BlogHer for between $30m and $40m in a deal that will give an exit to NBC and GE-backed firm Peacock Equity.
HTGF backs $10m Myr round
Hepatitis treatment developer Myr raised the cash from High-Tech Gruenderfonds, which previously invested in 2011, and Russian government-backed Maxwell Biotech Fund.
RTL picks out StyleHaul for $107m investment
Bertelsmann was among the existing investors as the entertainment group upped its stake in fashion video network StyleHaul to 93.6%.
Stratoscale weighs up $32m for series B
Stratoscale, a software company for data centres, has attracted $32m in a series B round which involved Intel, Cisco and SanDisk.
Gigya identifies $35m in Intel-led round
Intel has led a $35m series F round for dentity management platform Gigya, bringing its total funding up to $104m.
Mérieux Développement launches $187m second fund
Mérieux Développement, the private equity arm of France-based biotechnology holding company Institut Mérieux, closed its second evergreen fund yesterday at €150m ($187m). Sienna Capital, an affiliate of industrial holding company Groupe Bruxelles Lambert, has committed a total of $93.6m, which Institut Mérieux said would mostly be dedicated to the fund. The cash will be spent… Continue reading Mérieux Développement launches $187m second fund
Intel Capital backs 13 year old in deal spree
The corporate venturing unit of the semiconductor business backed Braigo, a low-cost braille printer for blind people company, as Intel Capital revealed it had backed 16 companies in deals worth $62m.