Universal Music Group (UMG) agreed to take a minority investment in Ingrooves in March 2008 and has now used Shamrock’s investment to expand its partnership with its portfolio company.
Category: Firms
Services firm test out GutCheck deal
IModerate Research Technologies and consultants Benenson Strategy Group join consortium for US-based GutCheck.
Comcast calls out for CarWoo round
Comcast Interactive Capital participated in the reported $4.2m and $4.5m series A round for CarWoo.
Veebeam lights up $6m tranche
Intel Capital among investors in UK-based computer-to-television software company Veebeam.
BNI Video raises $16m
Cisco, Comcast Interactive Capital, the corporate venturing unit of media group Comcast, and Time Warner Cable back start-up BNI Video.
Sohu.com increases stake sale size
China-based Alibaba and Sohu.com agree 50% increase in stake sale.
HaloSource launches $80 flotation
HaloSource, a US-based company for water purification, issues $50m of new shares at its London Stock Exchange initial public offering and existing shareholders sell $30m of stock.
Noxxon continues fundraising injections
US-based venture capital firm CD Ventures provides further $2m for Germany-based Noxxon Pharma.
PayPal processes TradeShift investment
Online payment processing company PayPal has reportedly invested €12m ($16m) to €15m in European start-up TradeShift, according to news provider TechCrunch. TradeShift provides electronic invoices and was funded by angel investors Mårten Mickos, the former chief executive of software company MySQL before its sale for $1bn to database group Sun (subsequently bought by Oracle), and… Continue reading PayPal processes TradeShift investment
Calpers ties up with KMCP Advisors
US state pension fund severs ties with Pacific Corporate Group.
UCB shakes on $20m Synosia investment
UCB drugs company invests $20m and signs licensing agreement worth up to $725m with Synosia Therapeutics.
Inovisi takes stake in Ozura World
Pak Jerry, president of Indonesia-based Inovisi, says $30m investment and partnership with Ozura World will enable the company to ride on the mobile internet phenomenon.
Mail.ru plans UK flotation
Naspers and Tencent-backed Mail.ru could be worth up to $5bn at its London listing.
Jasper Infotech raises India fund
The Jasper Marketing Innovation Fund will invest between $50,000 and $250,000 for minority or majority stakes, news provider VC Circle said.