Real-time security software developer TerraEchos closed a $1.55m seed round on 7th February led by venture capital (VC) firm Flywheel Ventures, with participation from engineering service and research provider S&K Technologies and geospatial analysis company GCS Research. US-based TerraEchos will use the cash to hire additional staff for its software development team, and to expand… Continue reading TerraEchos secures seed funding
Author: Robert Lavine
Unilever exits Cyden
Unilever Ventures, the corporate venturing unit representing consumer goods conglomerate Unilever, is selling its stake in UK-based health and beauty company CyDen to existing investor Richard Koch, according to UK newspaper the Daily Telegraph. Koch, founder of online gambling exchange Betfair, was one of the investors in CyDen’s £15m ($23.5m) series D round in April… Continue reading Unilever exits Cyden
Videocon subscribes to Nivio’s model
Nivio, a Switzerland-based company providing a Microsoft program-focused subscription service, secured $21m in series A financing last Thursday from India-based conglomerate Videocon and private equity firm AEC Partners. Nivio operates a cloud-based service that grants monthly subscribers access to a range of desktop software for Windows, Mac, Android and iOS – and the entire desktop… Continue reading Videocon subscribes to Nivio’s model
SpaceCurve maps the way to $2.7m
The spatial database company has raised an additional $1.2m to bring its series A round to $2.7m, with Reed Elsevier among the investors.
Tengelmann barks for Canimix
The specialist online dog food retailer has launched, with help from retail group Tengelmann.
Ofer in line for a hefty Conduit payout
Reports suggest Yozma, which is partly owned by Ofer Holdings, is set to make up to a 150x return on its investment in web services firm Conduit.
Marin Software attracts SAP, Temasek
The advertising management platform now counts Temasek and SAP among its backers as it takes its overall funding above the $80m mark.
IDG-Accel bites into GlamSmile
Remedent has sold a slice of its own stake in GlamSmile to IDG-Accel, which now holds 31% of the stock, in return for a $7m investment.
Qualcomm lands on AirStrip Technologies
Qualcomm invests in the mobile health monitoring company. The chip company’s corporate venturing executive Jack Young says: “Smartphone adoption by physicians is amongst the highest in any given profession.”
MCX has IPO mettle
The commodities exchange, which counts Intel, Financial Technologies and several financial services firms among its backers, will float in the next two weeks.
IQE makes its way to Solar Junction
Solar Junction has partnered with the semiconductor wafer company as part of its latest round, and the two plan to jointly develop a 50% fuel efficient solar cell.
Brainbees buzzing from $14m round
Brainbees Solutions, the India-based owner of ecommerce sites FirstCry.com and GoodLife.com, secured $14m yesterday in a series B round led by IDG Ventures India, the regional venture capital subsidiary of technology, media and research corporation the International Data Group. IDG was joined by private equity firm SAIF Partners, previously the backer for Brainbees’ $4m series… Continue reading Brainbees buzzing from $14m round
AOL puts its trust in TastemakerX
The mobile platform, which allows users to get points by picking out the next big thing in music, has raised $1.8m from backers including AOL.
Synacor cuts IPO price to raise $34m
Intel Capital-backed internet technology services company Synacor floated on Friday at $5.00 per share, slashing its initial range of $10-$12 per share, set last month.