Veridian Credit Union and Iowa Credit Union League provide the $1m series A round to Dwolla.
Category: Deals
DangDang opens its IPO book
IDG Technology Ventures, a corporate venturing unit of IDG, owns 21.4 million B shares (6.8%) in E-Commerce China DangDang ahead of its US flotation.
Meebo finds time for $25m D round
Time Warner Investments-backed Meebo raises again the $25m it received in 2008.
HelloSoft finds Imagination Technologies exit
Intel and iD Ventures-backed HelloSoft sees exit route open with sale to Imagination Technologies.
Inventages feeds up MooBella
Inventages, a Switzerland-based venture capital firm backed by chocolate company Nestlé as a cornerstone limited partner, has invested $9m in US-based ice cream maker MooBella’s series B round. The MooBella Ice Creamery machine lets people make their own ice cream in 40 seconds. MooBella raised its series A round at an undisclosed size in September… Continue reading Inventages feeds up MooBella
Vodafone plays with GameGround
Vodafone Ventures joined venture capital firms Sequoia Capital, Softbank Capital, and Novel TMT Ventures in the B round for GameGround, its first deal in the social gaming sector.
GE inhabits Cool Planet’s $8m round
Venture capital firm North Bridge Venture Partners led the $8m round in CoolPlanetBioFuels as a repeat investor with GE Energy Financial Services also participating.
GE organises $55m for clean-tech
General Electric’s $200m Ecomagination Challenge finds an initial 12 companies to support out of 70,000 clean-tech entries.
Sequoia prepares Indian investment surge
Sumir Chadha, managing director of Sequoia Capital India, a subsidiary of US-based venture capital firm Sequoia, told the Economic Times: “Over the last 10 years, we have invested close to $1bn in start-ups and other firms…Over the next two to three years, we expect to invest about an additional $900m.”
Allen gets a D from ConnectEdu
Media-focused investment bank Allen & Company leads D round consortium for ConnectEdu, a US-based provider of online college and career planning tools.
Motorola fires into BlackArrow deal
Motorola Ventures splits team to invest an undisclosed amount on behalf of Motorola Mobility in BlackArrow, a US-based provider of video advertising.
Intel backs 18 companies in 11 countries
The 11th annual Intel Capital CEO Summit for more than 700 portfolio company chief executives shows the range and depth of the corporate venturing group’s activities.
AcelRx speeds up to Nasdaq flotation
Kaiser Permanente Ventures-backed AcelRx Pharmaceuticals preps its $86.25m flotation.
Lilly opens for Cerulean Pharma
Lilly Ventures acts as lead investor for Cerulean Pharma’s $24m C round.