Energy company Chesapeake’s move to pump more than $1bn into venture investment to boost the development of natural gas powered clean technologies is a big splash in the world of venture capital.
Author: Toby Lewis
Chesapeake starts $1bn venturing fund
Chesapeake is setting up a $1bn corporate venturing fund to deploy over 10 years to help gas more effectively compete with oil as the world’s main fuel for transport. It also announced more than $300m of investment during three years in two clean tech companies.
Google steps up venture spend to $200m
Google Ventures is reportedly being given more support by its parent company, through staff as well as firepower, as one of it portfolio companies gears up for a float.
Google’s clouded Wingu investment emerges
Google has come up with a unique, albeit seemingly unintentional, method to reveal its investment in a company.
Medtronic converts two stakes
Medtronic has bought two companies which have previously raised an estimated $134m in venture backing for a combined valuation of $645m.
Northrop enters Daylight Solutions
US-based arms company Northrop Grumman has led a $15m investment into Daylight Solutions, a US-based imaging systems developer.
Amazon-backed LivingSocial eyes $15bn valuation
LivingSocial, a US-based discount coupon company backed by online retailer Amazon in December, has reportedly appointed banks for a flotation with a $10bn to $15bn valuation.
Glaxo-backed SpringLeaf raises extra $4m
The US-based technology platform for drug development backed by GloxoSmithKline’s SR One has used extension financing to bump up its latest funding round to $19m.
IDG seals software deal
IDG Capital Partners backed the second round financing of China-based software company Wondershare, which has a photo collage product (pictured).
Nokia-backed Summit raises $3.3m
The latest funding round by Nokia Growth Partners-backed Summit Microelectronics takes the amount it has raised to at least $21.4m.
Fidelity fires Moonray at Amantys
Fidelity’s Moonray Investors and Arm have backed the smart grid company, with Moonray buying out previous seed investors.
Elefant joins Intel Capital’s herd
Intel Capital has hired one of the founding partners of US venture capital firm Opus Capital.
Blackstone joins Intel at Fino
Blackstone and Intel have partnered to back a microfinance technology company, which also counts HSBC Private Equity Asia among its investors.
IDG Capital backs App Annie
IDG’s Xiaojun Li said it had backed the 16-month old company because it has “a vision” supported by the “tectonic changes” in the software industry.