Alongside ETV in the $25m C round for Hara Software was Itochu Technology Ventures, the corporate venturing unit of Japan-based conglomerate Itochu and venture capital firms.
Category: Deals
Physic sprinkles on WaterSmart seed
Andrew Williamson, a director at Physic Ventures, said: “WaterSmart brings meter data to life and empowers homeowners with the tools and the personalized data they need to reduce their water use without sacrificing their quality of life. They make it easy and fun to be water efficient.”
CCI sees clearly with ImageIQ spin out
The spin out of ImageIQ followed Cleveland Clinic’s creation in January of an Innovation Alliance with MedStar Health, a $4bn not-for-profit regional health care system based in Maryland.
Google ends search with a Kabam
Joe Kraus, partner at Google Ventures, will join Kabam’s board after co-leading an $85m round for the social games developer.
Merck starts with AdFlow Health
Susan Schramm-Apple at Merck has become a director at AdFlow, according to its regulatory filing.
Vancl tries on US listing idea
News provider International Financing Review (IFR) said the Beijing-based company could soon mandate banks on the initial public offering, which is planned for the final three months of the year.
Morgan Solar shines with $16.5m
Spanish utility Iberdrola Group’s Inversiones Financieras Perseo, and manufacturer Nypro’s New Ventures Group reinvested in Morgan Solar and were joined by investment manager Frost Group.
Daimler drives into Tesla placement
Before its flotation, Tesla had raised more than $220m in venture funding from Daimler, Panasonic, Honda and Toyota and independent venture capital firms.
Monsanto seeds Ceres flotation
Monsanto had bought 3.3 million shares in Ceres’s E round last year at $6.50 per share following a $137m collaboration signed in 2002 applying genomics technologies to identify genes that provide improvements in corn, soybean and certain other row crops, according to its regulatory filing.
Tencent and Expedia book into eLong
Tencent, which in turn is backed by South Africa media group Naspers’ corporate venturing unit, invested $84.4m in eLong for a 16% stake.
Solazyme doubles flotation plans
In March, Solazyme aimed to raise $100m but now said it would issue 11.5 million shares, including 1.5 million if demand is strong enough as a so-called greenshoe allotment, at between $15 and $17 each. At the top end of its pricing range, Solazyme would have an initial market capitalisation of $965m.
SmallWorlds gains $2.5m
Disney’s Steamboat Ventures owns about 7% of SmallWorlds, which was launched in 2008 and has nearly six million registered players.
Zimory eyes flotation
Zimory, a Germany-based cloud computing company backed by local phone operator Deutsche Telekom’s corporate venturing unit, is reportedly planning to float its shares in the US in 2013. Rüdiger Baumann, chief executive of Zimory, told newswire Reuters: "One option, by 2013, that we are really considering seriously is to run an IPO [initial public offering],… Continue reading Zimory eyes flotation
Fusion-io’s buoyant flotation plans
Fusion-io will issue 10.76 million shares with its owners selling 1.5 million at up to $15 each, before 1.85 million shares can be sold if demand is strong enough.