Nokia Growth Partners (NGP), the corporate venturing unit of the Finland-based telecommunications conglomerate, has become a shareholder in India-based media conglomerate Network18, which runs its own corporate venturing unit, Capital18. The stake was acquired by NGP in return for its shares in Web18, Network18’s digital division. NGP invested in $10m of equity in Web18 in… Continue reading Nokia picks up a share of Network18
Author: Robert Lavine
Newell Rubbermaid boards EquaShip
The US conglomerate, which oversees the DYMO Endicia brand, is helping Equaship to gear up for an autumn launch.
Infocomm hoping to cash in on Quid
Quid, which provides software which displays information visually, takes its aggregate raised up to $14m, with Infocomm joining a raft of venture capital firms in the series C round.
Webmedia sells its stake in ZeroTurnaround
US-based venture capital firm Bain Capital Ventures has bought out the stake in Estonia-based Java software developer ZeroTurnaround held by Estonia-based software development company Webmedia Group, as well as holdings held by minority shareholders. Terms were undisclosed. Founded in 2007 as a spin-off from a Webmedia development team, ZeroTurnaround became an independent company in 2009.… Continue reading Webmedia sells its stake in ZeroTurnaround
BGF makes two appointments
The Business Growth Fund (BGF), the corporate venturing fund backed by Barclays, HSBC, Standard Chartered, Lloyds and RBS, has appointed John Eggleston as its information technology (IT) strategy director and Jenny Chandler as human resources director. In addition to their work helping to manage the fund, both Eggleston and Chandler will work in mentoring roles… Continue reading BGF makes two appointments
Hearst finds interesting Diversion
The online gaming company has attracted backing from investors with a wide range of media experience for its series B round.
Intel and Qualcomm play Gaikai hand
The online gaming company has attracted funding from the corporate venturing units of Intel and Qualcomm to take its series C round to $30m.
SynapSense takes optimal route for capital
Corporate venturing units GE Energy Financial Services and Germany-based Robert Bosch Venture Capital have participated in the US-based data centre energy management company SynapSense‘s $16m series C round of funding. SynapSense is one of the companies to have benefited from industrial conglomerate General Electric (GE)’s Ecomagination Challenge, a programme set up to provide funding to… Continue reading SynapSense takes optimal route for capital
Novartis maps Atlas’ future
Novartis Venture Funds, the corporate venturing unit of Switzerland-based pharmaceutical conglomerate Novartis, has led UK-based medical diagnostics company Atlas Genetics’ £16.9m ($27.6m) series B round. The money will be drawn down over a three year period and was co-led by UK-based medical devices company Consort Medical. Other corporate venturing units taking part were Johnson &… Continue reading Novartis maps Atlas’ future
GE and Bergquist follow light to Nuventix
GE Energy Financial Services, the corporate venturing unit of US-based energy conglomerate General Electric, and US-based thermal management and touch screen firm Bergquist Company have invested in the latest round of financing for thermal management company Nuventix. The round closed at $10m. GE and Bergquist were joined in the round by existing investors, venture capital… Continue reading GE and Bergquist follow light to Nuventix
Dow Chemical detects NanoMR potential
The medical diagnostics company has secured a second round of funding, totalling $13m, and Dow Chemical is among the backers.
IDG advertises Vserv deal
IDG Ventures India, part of the global network of corporate venturing funds operating under the International Data Group banner, has invested $3m in series A funding in the India-based mobile advertising company Vserv. Founded last year, Vserv operates a mobile application-based advertising network which focuses on emerging markets. Vserv claims the equity represents the first… Continue reading IDG advertises Vserv deal
LBBW invests in Crealytics
The Germany-based search engine company, already backed by bank venture arm Chancenkapital Biberach, has attracted another bank-backed corporate venture unit in LBBW.
Medtronic sees PowerVision to $24m
Medtronic, Venrock and others help take PowerVision to at least $53m raised in its history.