Researchers and Evotec and Harvard to collaborate on new class of antibiotics.
Author: Jennifer Hill
Drugmaker duo joins Atlas on biotech start-ups
Drugmaker duo enters partnership with Atlas Venture.
Bayer and Roche team up with QB3
Global drug giants form alliances to enable start-ups in the San Francisco Bay Area.
Firm behind River Island backs Hut Group
Lewis Trust Group joins investors in backing online retailer The Hut Group.
Business Growth Fund backs Magma
The Business Growth Fund (BGF) set up by five major UK banking groups to stimulate business in the country, has led a £8.76m ($12m) investment into Magma Global, a local designer and manufacturer of high performance carbon fibre pipe for subsea oil and gas applications. Magma’s two existing investors, NES Partners, a Danish venture capital… Continue reading Business Growth Fund backs Magma
Spirax-Sarco takes stake in Econotherm
Spirax-Sarco, a UK-based manufacturer of boiler and pipeline control valves for steam heating and process plants, has bought 30% of Econotherm for £1m ($1.5m). It also has the option to acquire the remaining equity in the period between 1 January 2016 and 31 March 2019. The transaction is expected to make a small positive contribution… Continue reading Spirax-Sarco takes stake in Econotherm
Bloom balloons funding by $130m
Credit Suisse participates in $130m boost for Bloom Energy, the US-based maker of renewable-energy fuel cells.
BioAmber revisits IPO terms
Lanxess-backed converter of feedstocks into chemicals revises IPO terms.
RTP Ventures re-backs GridGain
US affiliate of Russia-based IT investment conglomerate Ru-Net backs real time big data processing business again.
Bitcoin business gets $5m backing
Coinbase raises $5m thanks to VC Union Square and Meyer Malka’s Ribbit.
Geldof fund makes first investment
8 Miles, the $200m private equity fund backed by rock star activist Bob Geldof (pictured), has invested $5m in a start-up company that plans to build commodity exchanges across Africa and improve food security. Eleni, a newly-formed company based in Nairobi, Kenya, was co-founded by Eleni Gabre-Madhin, the former head of the Ethiopia Commodity Exchange.… Continue reading Geldof fund makes first investment
Google’s Startup Lab adds second partner
Google Ventures has added Ken Norton (pictured), a group product manager at parent company Google, as a partner at its Startup Lab. In October 2011, Rick Klau, previously product manager at US-based video website YouTube and an ex-Google executive, joined Google Ventures, the US-based technology company’s corporate venturing unit, to run Startup Lab.
Google-backed Nest Labs buys MyEnergy
US thermostat maker backed by Google swoops in on MyEnergy.
3M backs Zephyr Technology again
Zephyr Technology Corp raises $2.4m from trio including return backer 3M.