The biopharmaceutical company has launched a $50m technology and life sciences corporate venturing unit, according to its latest financial results.
Author: Robert Lavine
WPP invests again in InGameAd
WPP has made a follow-on investment in InGameAd, in China, alongside corporate venturing unit Singtel Innov8.
Clal diagnoses funding for Avraham
Israel-based pharmaceutical company Avraham Pharmaceuticals secured $3m in financing yesterday from investors including Clal Biotechnology Industries (CBI), the corporate venturing unit for investment holding company Clal. Participants in the round also included Yissum Research Development Company, the technology transfer unit belonging to the Hebrew University of Jerusalem, venture capital firm Pontifax and the Technion Research… Continue reading Clal diagnoses funding for Avraham
GlaxoSmithKline launches Canadian fund
The $50m life sciences fund was launched by GlaxoSmithKline last week, and will be partly run by its SR One corporate venturing unit.
Google joins Kleiner’s sFund
Internet corporation Google has joined venture capital firm Kleiner Perkins Caufield & Byers (KPCB)’s sFund, according to a report on technology investment website TechCrunch on Friday. KPCB launched the $250m sFund in October last year with the aim of investing in startups inventing social applications and services. In addition to Google, strategic partners in the… Continue reading Google joins Kleiner’s sFund
Verastem raises $20m before IPO
The biotechnology firm has raised $20.1m in series C funding one week after filing for an initial public offering, taking its overall financing to $68.1m.
Bertelsmann helps Skimlinks monetise $7.5m
UK-based web monetisation platform Skimlinks secured $4.5m on Friday in a series B round led by Bertelsmann Digital Media Investments (BDMI), the corporate venturing unit for media conglomerate Bertelsmann. BDMI was joined in the round by startup accelerator 500 Startups and investment firm Venrex Investment Mnagement, as well as existing investors, the investment firm Sussex… Continue reading Bertelsmann helps Skimlinks monetise $7.5m
Nanjing mines for profits with CVC
Steel manufacturer Nanjing is joining its parent company Fosun International in searching for corporate venturing opportunities.
IPG experiments with Media Lab
The advertising corporation is launching a research centre to explore new technology in marketing, and will be working with startups, established companies and venture capital firms.
Branson part of a Square deal
Virgin Group chairman Richard Branson has been revealed as one of the investors in mobile payments company Square, which closed a $100m series C round in September.
NewBrandAnalytics surveys a $26m round
The social business analytics startup has raised $26m from its series B round, with Quest Hospitality Ventures among the investors.
Virident stores away $21m
The memory storage company has closed a $21m series C round, with funding from Intel and Cisco, as it announces its new Storage Class Memory (SCM) product.
Fusion-io looks to raise extra cash
Hardware and software systems firm Fusion-io, which numbers Dell and Sumitomo among its backers, eyes extra cash following its float in June.
Innovative regions: Canada
Investment levels challenge enterpreneurs.