Deals – Page 1601

Cleveland Clinic backs SironRX

SironRX spun out from Juventas Therapeutics and licenses products from its parent and Cleveland Clinic and will use the $500,000 seed money to initiate a phase II clinical study of its lead product.

Visa buys PlaySpan

Playspan provides developers and publishers, such as Nickelodeon, a platform to manage micropayments, e-commerce, and micro-transactions in 180 countries and been sold to Visa for at least $190m.

Evotec, a Germany-listed chemicals company, has agreed to buy Kinaxo Biotechnologies, a local drug discovery company backed by High-Tech Gründerfonds, a €272m ($370m) state-backed fund supported by industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss. Evotec is paying €3m in cash and 2.6 million of its shares (worth €3.09 each at… Continue reading Gruenderfonds exits Kinaxo

One97 makes Ciqual deal

One97 Mobile corporate venturing fund backs Ciqual.

Nedelco promanades into AirWalk

In a regulatory filing in December, AirWalk said eight investors had provided $10m. It has now provided the consortium partners, which includes Nedelco, which operates the Hamilton Telephone Company, and venture capital firms Sevin Rosen Funds, TL Ventures, Alta Berkeley and Duchossois Technology Partners, which is affiliated to private conglomerate Duchossois Group.

Intel shows PIPE performance

Out of 240 portfolio companies at Intel Capital, 12 are listed in the US with the three largest holdings as Micron Technology, VMWare and Clearwire, according to the company’s regulatory filing.

AirPos points at round sale

Local training company Giant Associates was part of the investment consortium along with angels and venture capital firm E-Synergy in AirPos.

Investors turn up for Fliplife

Fliplife gains “seven-figure” sum from investors.

Meebo switches on for Mindset Media

In December, Meebo raised $27.5m in its slightly extended series D round and has used the money to buy Mindset Media.

Datacastle gains Aussie backers

Venture capital firm CM Capital and an unknown provider, Haag, invest $2m in Datacastle.

Meraki Networks raises $15m

The company’s disclosed previous round was $5m in January 2009 from Sequoia, angel investors and Google, which was using its wireless connections.

Microsoft buys Canesta

Jim Spare, executive president of Canesta, which has been acquired by software group Microsoft, said: “There is little question that within the next decade, we will see natural user interfaces become common for input across all devices.

Blinq and you miss its funding and appointment

Venture capital firms New Venture Partners, which specializes in intellectual property (IP)-related spin outs, Summerhill Venture Partners, which span out from local phone operator Bell Canada in 2007, and the Business Development Bank of Canada through its BDC Venture Capital unit provided the A round to Blinq Networks.

Trifork spears Basho stake

Including options, Trifork can buy 12% of NoSQL database vendor Basho Technologies.