Shawn Fanning and Sean Parker, latterly also a president of Facebook, are launching a live social video site, to be known as Airtime, with Google part funding an $8.3m series A round.
Author: Robert Lavine
Ruckus makes a noise with $21.7m
The wireless internet hardware developer, which counts Telus, Deutsche Telekom and Motorola among its backers, has now raised $82m as of its series G round.
Appcelerator hooks itself a Cocoafish
The Red Hat and eBay-backed mobile application infrastructure provider has become the third company to be acquired by mobile platform Appcelerator.
LVMH buys a cut of Trendy
L Capital Asia, a corporate venturing fund representing consumer brands conglomerate LVMH, acquired a 10% stake in China-based women’s clothing company Ochirly on Friday, paying a reported $200m. The investment was made in partnership with the corporate venturing division of state-owned financial conglomerate the China Citic Group, and the stake was acquired from Ochirly’s parent… Continue reading LVMH buys a cut of Trendy
Honeywell sues Nest Labs
Nest Labs, the Google-backed US-based company developer of an internet-controlled, self-correcting ‘smart’ thermostat, responded to a patent infringement lawsuit filed by competitor Honeywell International on Wednesday. Features of Nest Labs’ product cited in the lawsuit include its ring-based control system, some of its interface features, its ‘power stealing’ function which allows it to use small… Continue reading Honeywell sues Nest Labs
Banks profit as FXall floats
Eight financial services firms holding stock in trading platform FXall made partial exits when it floated on Thursday, raising more than $62m from 5.2 million shares.
Guardian Media swaps ContentNext for a piece of GigaOM
US-based technology business company GigaOM acquired the assets of US-based media and information company ContentNext Media from media corporation Guardian News & Media (GNM) last Monday for an undisclosed amount. As part of the deal, GNM will receive a minority stake in GigaOM. GNM joins GigaOM backers including Reed Elsevier Ventures, the corporate venturing unit… Continue reading Guardian Media swaps ContentNext for a piece of GigaOM
Siemens’ price for eMeter measured
Electronics and appliances conglomerate Siemens acquired energy information management company eMeter in January and sources put the price at between $180m and $220m, according to news provider Greentech Media. Prior to its acquisition, eMeter had raised about $72m from investors including Siemens, investment firms Northgate Capital and Foundation Capital, venture capital firms Sequoia Capital and… Continue reading Siemens’ price for eMeter measured
Acetylon becomes part of the Celgene strategy
Pharmaceutical corporation Celgene acquired $15m worth of series B2 stock in US-based small molecule drug company Acetylon Pharmaceuticals on Thursday. Celgene will not however, hold licensing or marketing rights to drugs currently under development at Acetylon. Acetylon closed its series B round in June having raised $27m, while its series A round raised $9.25m over… Continue reading Acetylon becomes part of the Celgene strategy
Rombaut switches from Qualcomm to Cisco
Frederic Rombaut has moved from semiconductor and telecom corporation Qualcomm, where he acted as managing director for Qualcomm Ventures in Europe, to technology company Cisco, where he will run mergers and acquisitions in international regions. The role will also involve developing Cisco’s corporate venturing activities internationally. Qualcomm’s recent investments in Europe include UK-based video advertising… Continue reading Rombaut switches from Qualcomm to Cisco
Microsoft predicts good things from 24/7
The two firms are combining their efforts to construct a proactive customer service platform, with Microsoft taking an equity stake in the smaller company
Flybridge raising $200m fund
The venture capital firm, previously a part of the IDG Group, is reportedly seeking up to $200m for its second independent fund.
SK Telecom learns of SchoolFeed value
The classmates reunion online network, which has accumulated seven million users since its beta launch last year, has raised $1.75m in seed capital, with SK Telecom among the backers.
PTG cleans up with $1m in funding
Pasteurization Technology Group, which disinfects and recycles wastewater, has pulled in $1m from a venture fund managed by the chief executive of the Concord Group.