Business Growth Fund, the growth equity fund supported the UK’s five biggest banks, has invested £5m ($7.8m) in UK-based house builder Cussins. Cussins secured the equity funding alongside £7m of debt financing from Lloyds Bank Commercial Banking. It will use the cash to acquire additional land, and to build a further 300 houses per year… Continue reading Cussins to build with $7.8m BGF investment
Month: December 2014
Google leads Adelphic to series B
Google Ventures, which led Adelphic’s 2012 series A round, reinvested in the mobile advertising company as it prepares to expand in Europe and Asia.
Sonoma implants another $12m to funding base
First Analysis provided the funding for the Ascension Health and Legacy Life Science-backed orthopaedic device maker as it prepares to release its next product.
Tencent takes a bite of Breadtrip
Travelogue app Breadtrip has raised $50m in a Tencent-led round that increased its overall funding to $62m.
IDG voices approval for Expect Labs
IDG Ventures, a corporate venturing affiliate of media and data company International Data Group, has led a $13m series A round for a US-based intelligent voice technology developer Expect Labs. The round was co-led with financial services provider USAA and featured corporate venturing units Intel Capital, Samsung Ventures, Telefónica Digital and Liberty Global Ventures, as… Continue reading IDG voices approval for Expect Labs
Daum Kakao plans $91m corporate venturing fund
K Venture Group is being formed to diversify the holdings of the $9.4bn Korea-based internet company, formed through a merger in October.
Padlock locks up $23m for series A
Merck and Johnson & Johnson have provided backing for the Atlas Venture-incubated company, which is developing treatments for autoimmune diseases.
IDG moves into Mogoroom for series B
Shanghai-based apartment finding service Mogoroom has completed a $25m IDG-backed series B round that will be used to expand the size of its network.
Quanergy finds new dimension for series A
Samsung-backed Quanergy Systems raised $30m in a round that will support the development and commercialisation of its 3D mapping technology.
Corporates exit as Rainstor falls to Teradata
Teradata has acquired big data archiving company Rainstor, which had raised $29m from investors including Rogers Communications, Dow and Informatica.
NowThis raises $6m of new funding
Aexl Springer, NBC Universal and SoftBank contributed to a round that increased the company’s funding to $15.8m since its launch.
Qualtré conquers Alps for $9m series D
US-based microelectromechanical systems (MEMS) technology supplier Qualtré has raised $9m in a series D round partially funded by electronic components producer Alps Electric. Alps was one of two strategic backers in the round, though Qualtré did not disclose the identity of the second. Matrix Partners and Pilot House Ventures, both of which backed the company’s… Continue reading Qualtré conquers Alps for $9m series D
Qualcomm leads $10m series C for Predilytics
Google-backed healthcare IT company Predilytics has now raised $20.5m after doubling its customer base over 2014.
Protagen passes test for Qiagen
Qiagen has joined the investors in diagnostic testing company Protagen, the month after the two signed a collaboration agreement.