Although Transave’s corporate and venture capital backers will own a minority, 46.7%, stake in the combined business with Insmed, its staff will take the senior jobs.
Category: Deals
GE-backed OPower raises $50m
US-listed industrial conglomerate General Electric backed OPower from its $200m Ecomagination clean-tech corporate venturing fund and the firm has subsequently closed a $50m B round
BlueRun walks again on Payvment
Payvment provides an e-commerce platform for social network Facebook and raised $6m in its series B round from Sierra Ventures and BlueRun Ventures.
Xerox Parc seeds PowerCloud
The Palo Alto Research Center (Parc) said it would spin off and take a stake in PowerCloud Systems after two years of work by its former entrepreneur in residence and now executive president of PowerCloud, Jeff Abramowitz.
Vostu raises $30m
Accel and Tiger invest in social games company Vostu, which had been backed by Intel Capital.
Amazon invests $175m in LivingSocial
Amazon has traditionally avoided corporate venturing but after becoming a limited partner in venture capital (VC) firm Kleiner Perkins Caufield & Byers’s $250m sFund for social media deals it has taken a stake in discount coupon company LivingSocial.
Adimab grows into E round
Series E round for healthcare company Adimab at a pre-money valuation of $520m, according to news provider Xconomy.
Persay exits at discount
Israel-based, venture-backed companies Modu and Persay reportedly struggle with exits.
HSBC takes a fifth of VC firm
HSBC retains 19.9% of its former venture and buyout manager in Asia, Headland Capital Partners.
ISoftStone details flotation plans
ISoftStone plans to raise $162m at a maximum $1.30 per share in New York.
SemiSouth powers up with $30m round
SemiSouth has now raised more than $50m of equity and over $30m of federal grants and contracts after Power Integrations’, a US-based provider of high-voltage integrated circuits, investment.
Microsoft helps Russian IT ecosystem
Russia continues development of its Silicon Valley with Microsoft building a development centre in Skolkovo.
SES invests $155m in O3b Networks
With its final round of funding, SES will become the largest minority shareholder of O3b Networks by adding 10 percentage points to its existing 34% stake through investing another $75m in the new round.
Acton takes up second-hand goods deal
Acton Capital Partners invests an undisclosed amount in Momox, a Germany-based online buy-back service for media products.