Jigsaw will take over from Google think tank Google Ideas and will incubate companies concentrating on information access and online security.
Month: February 2016
Giphy receives $55m GIFt
GIF database Giphy increased its overall funding to $75m with a series C round that marked the third investment in the company by CAA.
Mobi Magic conjures up $100m
Android security app developer Mobi Magic raised the cash in a round co-led by Qihoo 360, the cybersecurity company that contributed to $80m of funding for it last year.
Statoil launches $200m renewables and low-carbon fund
Statoil Energy Ventures will invest the capital over the next four-to-seven years and will complement the firm’s Statoil Technology Invest unit.
Kemp Technologies loads up with $6m
Load balancing technology provider Kemp, backed by investors including Orix, has raised $6m in equity funding according to a securities filing.
Esco packages up Plastique exit for BGF
Business Growth Fund exited packaging maker Plastique, in which it invested $7.2m, through an acquisition by a subsidiary of Esco Technologies.
BGF goes full-on with Total Recycling Services investment
Bank-backed growth equity fund Business Growth Fund has invested $9.7m in waste management company TRS and recommended its new non-executive chairman.
BandPage turns to YouTube
YouTube has bought BandPage, an IDG-backed company that helps musicians sell tickets, merchandise and other products, for approximately $8m.
Couple pairs up with Life360
Tencent-backed relationship communication app Couple, which raised $4.2m in 2012, has been acquired by Life360 for an undisclosed sum.
EnTouch reaches out for $8m
Building energy management company EnTouch Controls, which includes NRG Energy among its investors, has closed a series C round, boosting its total funding to $20m.
Runkeeper proves a shoo-in for Asics
Runkeeper, a US-based fitness app provider backed by media company O’Reilly, was acquired by shoe and apparel company Asics for an undisclosed sum on Friday. Founded in 2008, Runkeeper has developed a smartphone app that generates personalised running routines. Users earn rewards from partner brands for sticking to their workout and can compare their progress… Continue reading Runkeeper proves a shoo-in for Asics
Palm Landscape to build $15m VR fund
The landscaping company, together with investment firm Hejun Zhengde, has launched a virtual and augmented reality fund that is targeting a $15m first close.
SingPost delivers $25m to 4PX
Singapore Post doubled its stake in the cross-border logistics company to almost 36%, after investing an initial $12m in 2011.
Corporates enter Panakès mix for medtech fund
Italy-based venture capital firm Panakès Partners launched its first fund yesterday with contributions from limited partners including pharmaceutical companies Menarini and RottaPharmBiotech, electronics manufacturer Elemaster and care provider SapioLife. The corporates were joined as LPs by the multilateral European Investment Fund and the Italian state-backed Fondo Italiano d’Investimento. Panakès is looking to invest in medical… Continue reading Corporates enter Panakès mix for medtech fund