McGovern launched IDG Ventures in 1996, and has brought a willingness to expand internationally to both the unit and its parent company.
Author: Robert Lavine
Box to open up in $250m IPO
Box, a US-based cloud content platform backed by a host of corporate investors, has filed for an initial public offering that could raise up to $250m. Founded in 2005 and based in California, Box is the developer of a platform that enables businesses to manage content on the cloud and share information anywhere on the… Continue reading Box to open up in $250m IPO
Waste Management extends corporate venturing strategy through biogas venture
US-based waste services provider Waste Management has formed a joint venture with gas generation technology developer Ventech Engineers International, energy company NRG Energy and gas-to-liquids (GTL) specialist Velocys that will produce renewable fuels and chemicals from gas and biogas. The JV will use smaller-scale GTL technology supplied by Ohio-based Velocys and will source biogas managed… Continue reading Waste Management extends corporate venturing strategy through biogas venture
Waste Management extends corporate venturing strategy through biogas venture
The waste services company has expanded on a strategy outlined to Global Corporate Venturing by forming a joint venture with US corporates Ventech, NRG and Velocys to develop small-scale gas-to-liquids plants.
Foreign corporates to contribute to huge China Media Capital fund
China Media Capital is raising a “few hundred million” for a dollar denominated investment fund, and investors will include Softbank, WPP and Time Warner.
Versartis grows with $126m IPO
The Amunix-backed biopharmaceutical company could close its initial public offering at almost $145m, and will invest the proceeds in developing its lead drug candidate.
Mitsui makes $28m from A10’s $187.5m IPO
A10, a web app software company, has generated $187.5m from its initial public offering, which saw Mitsui divested $28.3m of shares.
Nokia goes for Gigwalk
Nokia Growth Partners and Randstad Innovation Fund have backed Gigwalk’s $10m series B round, which has increased its total funding to almost $18m.
Randstad launches HR technology corporate venturing fund
The Randstad Innovation Fund will target online, mobile, social media and big data, and has already made its first investment.
Weekly corporate venturing deal net: 17-21 March 2014
– Japan-based conglomerate Softbank has led a $3.8m series A round raised by Reonomy, the US-based developer of a commercial real estate research platform. The round also saw investment from FinTech Collective and existing backers Resolute Ventures, High Peaks Venture Partners and KEC Ventures. Reonomy raised $1.15m in seed funding in March 2013. – US-based… Continue reading Weekly corporate venturing deal net: 17-21 March 2014
Jeon to move from Samsung Ventures Europe to lead US digital activity
The executive will be promoted to head up the unit’s US digital and mobile investments, and will be replaced by Jong Sang Choi.
Akebia closes IPO at almost $107m
The kidney disease treatment developer, which has secured funding from Novartis and Novo, has raised $106.9m after underwriters took up the option to buy additional shares.
SAP Ventures plays LP for Amplify’s $49m debut fund
SAP has committed to the $49.1m debut fund raised by Amplify Partners, an early-stage VC firm that funds information technology infrastructure startups.
Alibaba joins the Tango dance with $215m investment
The free mobile communication service, which has secured funding from Qualcomm and Access Industries in the past, has raised $280m in its latest venture round.