Martlet, the corporate venturing fund belonging to UK-based automotive and aerospace company the Marshall Group, has exceeded its initial investment target in its initial six months, committing more than £250,000 ($400,000), the technology website Cambridge Business Media reported on Monday. Peter Cowley, investment director for Martlet, was quoted as saying: "In the first six months… Continue reading Martlet off to a flying start
Author: Robert Lavine
Yunfeng backs Alibaba after cloud fund launch
China-based private equity firm Yunfeng joins a pool of backers investing in Alibaba after launching a joint mobile and cloud computing investment fund last month
Monitise takes payment from Visa Europe
Financial services firm Visa Europe followed up its partnership with UK-based payment technology company Monitise by investing £24.7m ($39.4m) in funding on Monday, obtaining an 8.8% stake in return. Monitise and Visa Europe formed a strategic partnership in February to develop and supply mobile payments technology for Visa’s European member banks and financial institutions. The… Continue reading Monitise takes payment from Visa Europe
IDG finds Valyoo in its shopping cart
IDG Ventures has invested $4m in the India-based e-commerce company.
Skybox flies to a further $6m
US-based computer security firm Skybox Security secured $6m on Tuesday in a round led by Susquehanna Growth Equity (SGE), the private equity division of financial services group the Susquehanna International Group of Companies, with participaion by unnamed existing investors. Although Skybox did not disclose the identity of the other investors, they include Mistubishi UFJ Capital,… Continue reading Skybox flies to a further $6m
Bertelsmann helps H-Farm incubate
Bertelsmann Digital Media Investments (BDMI), the corporate venturing unit belonging to media conglomerate Bertelsmann, joined unnamed investors described as ‘major financial and strategic partners’ in underwriting a convertible loan of €5m ($6.9m) to venture incubator H-Farm Wednesday last week. Founded in 2005, H-Farm is headquartered in Italy but currently has offices in the US, UK… Continue reading Bertelsmann helps H-Farm incubate
SABIC launches venturing unit
The Saudi Arabian diversified manufacturing and chemicals company has launched a Europe-based corporate venturing arm, to be known as SABIC Ventures.
PathoGenetix scans reveal $7.5m
The biopharma company, formerly US Genomics, has closed an $11.5m series B round with investment from Ascension Health and Cain Brothers among others.
YY.com set to play for IPO
YY.com, an online entertainment portal backed by Disney’s corporate venturing unit, is planning to file for an IPO next year, expected to raise up to $200m, according to reports from China.
Smartron5 takes a step up to 6waves Lolapps
Newly formed partnership company 6waves Lolapps has acquired gaming studio Smartron5.
Intellikine gets a little more from Infinity
The Novartis-backed molecular drug company has earned $4m in milestone payments from Infinity Pharmaceuticals to add to $41m in equity funding raised since 2007.
Lashou files for $100m IPO
The group buying website, backed by Reinet Investments, an investment company which span off from luxury goods group Richemont, and daily deals company Rebate Networks, files for an IPO set to raise up to $100m.
Mitsui reaches Cloud 9
YPX Cayman Holdings, which runs the Chinese fast food chain Cloud 9, has raised $20m in financing from investors including Mitsui Global Investment.
Ortiva sees its way to $2m
The Intel-backed mobile video optimisation firm has raised a further $2m from investors including backer Comcast.