Through its PCH Accelerator and Highway1 fund, PCH International, has acquired Canadian e-commerce platform, ShopLocket, in a significant strategic move by the company.
Author: Katherine Steiner-Dicks
Google Ventures’ Chan has itchy feet
Wesley Chan, according to a Forbes news report has led more than 40 investments at the corporate venturing unit and was also responsible for the firm’s seed-stage investing programme. Kevin Rose and MG Siegler will now head up Google Ventures seed investing now that Chan is moving on. Chan has now moved into the role… Continue reading Google Ventures’ Chan has itchy feet
Samsung powers up XG Sciences
Samsung Venture Investment Corporation, the venture capital arm of Samsung Group, has made a strategic investment in XG Sciences. Philip Rose, XG Sciences CEO, said the investment will be used to fund additional research and development of the company’s advanced materials. The terms of the investment were not disclosed.
Mitsui gets personal with GNS Healthcare
Cambia Health Solutions, a series A investor, was joined in a $10m series B round of funding by two additional strategic investors: California’s Heritage Provider Network, and Mitsui & Co. (USA) to back GNS Healthcare. GNS Healthcare uses patented big data analytics methods to build predictive models and products to discover the underlying causal relationships… Continue reading Mitsui gets personal with GNS Healthcare
Johnson & Johnson eyes another round for PowerVision
Existing investors Venrock, Johnson & Johnson Development Corp., Medtronic, Advanced Technology Ventures, Lexington Capital and Frazier Healthcare Ventures have invested in a first tranche of a series D round of funding for PowerVision. The company is developing an accommodating intraocular lens. The company plans to raise up to an additional $10m as part of this $20m financing round.
TigerText sends positive message in $21m series B
With sales more than quadrupling in 2013, TigerText, a secure mobile messaging service for co-workers, has closed a series B funding. Shasta Ventures led the deal with corporate venturing units Reed Elsevier and Telus also taking part.
Google Ventures pens deal with Medium
Medium, the US-based collaborative publishing start-up, founded by Evan Williams, who is one of the minds behind Twitter and Blogger, has just closed a $25m round of financing, the company confirmed. The company started operating a year ago and has attracted investors such as private equity firm Greylock Partners, Google Ventures, SV Angel’s Ron Conway,… Continue reading Google Ventures pens deal with Medium
Tengelmann bears $3m for PricePanda
German retailer Tengelmann Group has invested $3m in Asia price comparison site PricePanda. The capital will be used to expand into other markets in South East Asia.
Daum pens $2m Tapastic deal
Daum Communications,the largest Internet portal site in South Korea, with market cap of over $1bn and also one of the leading webcomic service providers in Korea, has invested $2m in a series A round for Tapastic, a US online portal for webcomics.
More playtime for LineKong
IDG Capital Partners portfolio company LineKong is proving its bet on mobile gaming would pay off for investors. The company has recently raised $80m in a series C round of funding led by Starwish Global.
BestBuy says good bye to MindShift
Ricoh has reached an agreement to buy MindShift Technologies, a provider of managed IT, cloud, data center and professional services to small and mid-sized organizations, from Best Buy. The acquisition is the latest strategic investment by Ricoh to expand and deepen its services portfolio. According to news reports, in 2011, Best Buy purchased MindShift for… Continue reading BestBuy says good bye to MindShift
Applied Ventures scopes two deals
Applied Ventures, the corporate venturing unit of Applied Materials, has completed strategic investments in two advanced imaging detection companies Oncoscope, a medical optical imaging technology company, and Passport Systems, a provider of advanced cargo scanning systems to identify dangerous and contraband materials. Financial details of the two investments were not made public.
Hobsons professes interest in iProf
The Daily Mail Group Information (DMGI) on behalf of its education subsidiary Hobsons has invested $9m in India e-learning company iProf Learning Solutions India, in a series B round of funding. Existing investors Norwest Venture Partners and IDG Ventures India, the corporate venturing unit of publisher International Data Group also participated in the round.
Investors say just ask ‘Warren’
Kensho, a US company developing a cloud-based intelligent computer system capable of answering complex financial and market research questions posed in natural language, has attracted $10m in a seed round. ‘Warren,’ the company’s virtual market research assistant, is currently being tested by a select set of asset managers and research teams and has attracted capital… Continue reading Investors say just ask ‘Warren’