The other members of the consortium besides Google Ventures in backing WeatherBill were media-focused investment banks Allen & Company and Code Advisors and venture capital firms Khosla Ventures, New Enterprise Associates, Index Ventures, First Round Capital and Atomico.
Category: Deals
Astellas Venture makes ninth exit
Japan-based drugs group Daiichi Sankyo is paying $805m in cash and a further $130m in performance fees for oncology treatment company Plexxikon, which is Astellas Venture Management’s ninth exit.
Thales sees into MultiX
France-based defence group Thales has used its corporate venturing unit to take a 20% stake in MultiX, a maker of X-ray machines for airport security. Thales Corporate Ventures’ purchase of a fifth of MultiX follows its launch in October by Jacques Doremus and Patrick Radisson, both previous employees at Thales Group, with support from the… Continue reading Thales sees into MultiX
X-Fab picks up a quarter of MFI
MFI is a spin out venture from the Fraunhofer Institute for Silicon Technology and has sold at least 25% to X-Fab Semiconductor Foundries.
Schlumberger backs Wirescan
US-based oil services company Schlumberger has invested NKr10m ($1.8m) in Wirescan, a Norway-based company founded in 2005 to inspect power cables, as its first public corporate venturing deal. Schlumberger had recently started a corporate venturing fund, Innovation Capital, and is putting Kjell-Erik Østdahl on Wirescan’s board. In May, Siemens Venture Capital, the corporate venturing arm… Continue reading Schlumberger backs Wirescan
3M finds its vision improves
US-based industrial conglomerate 3M’s corporate venturing unit has provided an undisclosed amount to Perceptive Pixel
Saint-Gobain picks three winners
The winners of Saint-Gobain’s third global innovation competition will also work with its Nova External Venturing team.
HPI finds its good ProspX
Venture capital firm Adams Capital Management led ProspX’s $8m series B round along with HPI Real Estate Services and Investments and the portfolio company has now raised $14.5m since its launch.
Groupon launches GaoPeng
Newswire Reuters said the site was funded by Groupon, Tencent and venture capital firm Yunfeng Capital, which was started by the founder of online auction company Alibaba.com.
Chil Semiconductor warms to sale
Tim Phillips, general manager of the Enterprise Power Business Unit of International Rectifier (IR), said: “The acquisition is the next logical step after our successful strategic product relationship with Chil during the past year and will augment IR’s talent base by adding an experienced digital power design and applications engineering team.”
Advanced BioHealing preps flotation
Safeguard owns 1.59 million shares, 28.1% of Advanced BioHealing ahead of its Nasdaq flotation, while venture capital firms Canaan Partners and Wheatley Partners own 40.7% and 14.7%, respectively.
Citrix accelerates first venture
Citrix Startup Accelerator has invested an undisclosed sum in Primadesk, a service to help users search, manage and backup their personal cloud data.
Credit Suisse spin-out raises $11m
Credit Suisse’s Next II corporate venturing group reinvested in DynamicOps’ B round, which was led by venture capital (VC) firm Sierra Ventures and joined by VC peer Next World Capital.
JP Morgan reportedly buys into Twitter
News providers TechCrunch and Fortune said JP Morgan (JPM) already had a stake in Twitter after committing to Chris Sacca’s, an early Twitter angel investor and adviser, $1bn secondaries fund.