The venturing fund of the US intelligence community has invested in remote networking startup Connectify.
Author: Robert Lavine
Affymetrix buys eBioscience for $330m
US-based genetics technology corporation Affymetrix agreed on Wednesday to acquire biomedical research company eBioscience for $330m. The acquisition comes less than a month after eBioscience secured a $45m term loan and a $10m revolving line of credit from GE Capital, Healthcare Financial Services, a corporate venturing fund belonging to energy conglomerate General Electric. In order… Continue reading Affymetrix buys eBioscience for $330m
W3i develops $10m mobile app fund
The US-based company, which distributes and monetises mobile applications, has established a $10m venture fund intended to fund indie developers.
Corporates see AcuFocus to a $65m round
US-based medical device company AcuFocus secured $65m in funding last Tuesday, consisting of $40m in equity and a $25m ‘synthetic royalty’ payment from private equity firm Cowen Healthcare Royalty Partners. Cowen led the round, investing a total of $30m. Also participating in the round were medical technology company Medtronic, eye health company Bausch & Lomb,… Continue reading Corporates see AcuFocus to a $65m round
Mundipharma to back Infinity to 2013
Mundipharma will invest a further $50m in Infinity Pharmaceuticals in 2013 to finance the development of an oral inhibitor.
Solaria basks in $30m
The US-based solar technology firm, which counts corporates Mitsui, Moserbaer India and Q-Cells among its backers, has raised an additional $30m.
HealthCentral finds effective Remedy
Remedy Health Media is acquiring the online health company, which has raised almost $60m from backers including Interactive Corp. and the Carlyle Group.
Puppet Labs strings together backers
The cloud automation software company has taken its funding to nearly $16m after a series C round, with Google, Cisco and VMware joining as investors.
Joseph Jeong joins Applied Ventures
Joseph Jeong has joined Applied Ventures, the corporate venturing fund for US-based nanomanufacturing technology firm Applied Materials. Jeong joined in August, after pursuing an MBA at the University of Chicago Booth School of Business and an internship at venture capital firm ARCH Venture Partners. Prior to his stint at business school, Jeong held a position… Continue reading Joseph Jeong joins Applied Ventures
XCyton thrills Fidelity
Fidelity Growth Partners India, a private equity division of financial services firm Fidelity Investments, has invested Rs20 crores ($3.9m) in India-based medical diagnostics company XCyton, according to a report in Indian venture capital website VCCircle on Monday. XCyton received an undisclosed amount of funding in 2007 from Birthstone Capital, Amvar Ventures and angel investor Kiran… Continue reading XCyton thrills Fidelity
Morgan Solar closes its second round
Canada-based solar power technology company Morgan Solar secured $9.8m in funding on Tuesday from oil and natural gas delivery corporation Enbridge, taking its series B round to an oversubscribed $28.8m. Enbridge joined energy group Iberdrola and plastics manufacturer Nypro is funding the round. The round follows a similarly oversubscribed series A round last year, which… Continue reading Morgan Solar closes its second round
Rib-X goes for the IPO treatment
The pharmaceuticals company, which is backed by investors including corporate venturing funds from GlaxoSmithKline and AstraZeneca, has filed for an initial public offering which could raise up to $80m.
Intel in line for Vriti Infocom payout
The India-based online education company, funded by Intel, has spun off two online properties and is searching for buyers.
MedImmune Ventures bumps up funds by $100m
Biopharma company AstraZeneca has increased the capital in its corporate venturing fund to $400m, as it invests in life sciences company NeuProtect.