The financial-focused fund is the second announced by SBI in partnership with a peer this year.
Author: globalcorporateventuring
WhipCar wins Castrol 20/20
Roy Williamson, head of Castrol InnoVentures, said: “The judging panel felt that WhipCar’s use of a flexible direct-to-peer car share concept was something that Castrol is well placed to bring to life.”
Quinn joins KPCB from Square
Quinn previously was head of products for Visa-backed mobile payment company Square, a KPCB portfolio company.
Recorded Future predicts success
News provider Boston Business Journal said Recorded’s latest round of funding included venture capital firms Balderton Capital, Atlas Venture and IA Ventures alongside In-Q-Tel, the quasi-corporate venturing unit of US intelligence agencies, and Google Ventures.
Nanosolar powers up with $50m
In February, US-army private equity fund OnPoint Technologies (managed by venture capital firm Arsenal Venture Partners) invested in Nanosolar’s then-$20m round, which has now been increased to $70m.
Wayra opens in Germany
Wayra Germany launches its call for projects until July 8 and joins the Wayra network shortly after launch in UK and Ireland.
Siemens exits Tropos to ABB
Tropos will help ABB expand its offering for smart grids and other critical infrastructure applications and become part of ABB’s global utility communications product group.
Agendia personalises another $65m
The syndicate was joined by several new international investors including Debiopharm and Korys, the Colruyt’s family office, and existing investors, including venture capital firm Gilde Healthcare Partners, family office Van Herk Group, Dutch bank ING Corporate Investments and Breedinvest, the holding company of the Blokker households goods stores.
Quest Hospitality finds new lodgings
Thayer Ventures will be the successor of Quest Hospitality Ventures and focus on sponsoring investment funds to invest in emerging technology companies in the global hospitality industry.
BlueKiwi Software finds Atos exit
Atos Origin, a France-based consulting and technology services company, has acquired corporate venturing-backed enterprise social software BlueKiwi Software for €20m ($25m). In June 2009, BlueKiwi raised €4.7m in its second round from venture capital firm Sofinnova Partners and Dassault Systèmes, a French company in three-dimension and product lifecycle management services, which investedmore than €3m of… Continue reading BlueKiwi Software finds Atos exit
Berkeley Labs powers up for incubator
The incubator is expected to attract up to 30 battery companies in California who can tap researchers and use equipment at Berkeley Lab and other research institutions.
MBC Group sets up ventures unit
MBC Ventures will invest at the seed stage in media and entertainment start-ups in the Middle East and North Africa.
Sallner adds his data to SkySQL
Ulf Sandberg, the incumbent CEO of Finland-based SkySQL, will now serve as president, leading the company’s operations in the Americas.
Cheiky steps up to chair Cool Planet
Howard Janzen has joined as executive president from being chief executive at One Communications, where he oversaw the integration of eight regional communications companies.