US-based analytics and credit rating firm the Moody’s Corporation acquired a 16.7% stake in China-based research platform ChinaScope Financial yesterday for an undisclosed sum. Founded in January 2011, ChinaScope provides an English language online platform which provides China-related information for financial and analytical organisations. ChinaScope is planning to invest the equity in expand its content,… Continue reading Moody’s credits Chinascope with potential
Author: Robert Lavine
Covidien adds greater depth to SuperDimension
US and Israel-based medical device company SuperDimension yesterday closed its series B round with $11m of investment from US-based healthcare provider Covidien Ventures, and undisclosed existing investors. SuperDimension’s last round of funding raised $9.8m, in July 2010, from backers including investment firm OrbiMed Advisors, and venture capital firms Oxford Biosciences Partners, Pitango Venture Capital and… Continue reading Covidien adds greater depth to SuperDimension
Pixel Qi reflects promise for 3M New Ventures
The developer of next generation LCD screens has attracted series B funding from 3M New Ventures, recent winner of an award for innovation in corporate venturing.
Intel bets $24m on lucky seven
The semiconductor conglomerate invests in a mix of old and new companies.
IQT makes space for Power Assure
In-Q-Tel (IQT), the venture capital firm funded by the US Central Intelligence Agency, signed a strategic investment and development agreement with the US-based data management company Power Assure on Wednesday. The amount of investment was undosclosed. Power Assure’s last round of funding, which raised $1.5m in September 2010, included investment by Switzerland-based power and automation… Continue reading IQT makes space for Power Assure
Cisco answers RingCentral’s call
US-based computing equipment conglomerate Cisco has invested in US-based cloud phone service RingCentral, as part of RingCentral’s $10m series D round, which closed on Thursday. Other participants in the round, which was led by Scale Venture Partners, included fellow venture capital firms Sequoia Capital, Khosla Ventures and DAG Ventures, as well as the Silicon Valley… Continue reading Cisco answers RingCentral’s call
Aeroplan signs Cardlytics loyalty oath
The consumer loyalty company, which is backed by energy company ITC Holdings, has entered into a strategic alliance with the multinational Aeroplan, while securing a further round of funding.
Mydeco tidies up funding with eVenture
The Hubert Burda-backed online retailer has reportedly raised additional funding.
Kingston, Foxconn back Fuhu
Foxconn and Kingston become the latest corporate backers of Fuhu, developer of a web 2.0 application for children.
GE helps Project Frog ribbit $22m
GE Energy Financial Services, the corporate venturing unit of energy conglomerate General Electric, led a $22m funding round for the US-based eco-construction company Project Frog on Wednesday. In June, GE named Project Frog as one of the 10 home energy companies it planned to invest in as part of GE’s ecomagination Challenge. Although specific figures… Continue reading GE helps Project Frog ribbit $22m
In-Q-Tel helps Platfora raise $5.7m
US-based data software company Platfora secured $5.7m of series A funding yesterday, from In-Q-Tel (IQT), the venture capital firm backed by the US Central Intelligence Agency (CIA) and venture capital firm Andreesen Horowitz. IQT works as a strategic rather than profit-focused entity, investing in start-ups based around software, infrastructure or material sciences so the CIA… Continue reading In-Q-Tel helps Platfora raise $5.7m
Carlyle, IDG in $25m Happiest Minds chase
US-based global asset management firm The Carlyle Group and private equity multinational IDG Ventures are reportedly among the investors looking to finance Indian businessman Ashok Soota’s new India-based venture, Happiest Minds, according to the Indian newspaper Business Standard. The amount is reported to be as high as $25m. IDG Ventures’ India subsidiary has been marked… Continue reading Carlyle, IDG in $25m Happiest Minds chase
Investors pour Punchbowl more cash
The Intel-backed party planning website has raised an extra tranche of financing from unnamed backers.
Theraclone fiercely seeks funding
The Amgen-backed biotech company, which has signed a lucrative research deal with Pfizer, is now looking to complement it with venture financing.