Euthymics Bioscience, a US-based developer of antidepressants, raises $24m from Novartis and venture capital firms to acquire DOV and develop drugs.
Category: Firms
Physic leaps on Gazelle series C
Physic Ventures, a venture capital firm backed by consumer goods companies Pepsi and Unilever, leads $12m third funding round for Gazelle, a US-based company for selling secondhand electronics goods.
Cara gains $15m funding relief
Venture consortium continues to support Cara Therapeutics in its series D round after more than $55m in five year.
Google backs search advertising peer
Trada, a US-based company which helps businesses with online search advertising, gains $5.75m in third funding round in 18 months.
IDG plans two more Vietnam-focused funds
US-based publisher International Data Group’s corporate venturing group set to expand its successful first fund in Vietnam by committing a further $400m.
Korea Telecom launches $800m fund
Korea-based venture capital firm Woongjin Capital to manage Mobile Korea Renaissance Fund on behalf of country’s main phone operator.
Sorbent soaks up funding success
US regulatory filing shows Sorbent Therapeutics gains nearly maximum round to treat renal problems.
LedEngin gains funding success
Taiwan connections seal series D round for light-emitting diode (LED) company.
TranSwitch exits Opulan
US communications equipment company TranSwitch sees venture stake in China-based Opulan Technologies realised through $72m sale to Atheros Communications.
Wal-Mart sees Green Dot increase listing size
Prepaid debit card provider Green Dot adds nearly a quarter to flotation value.
Riot expands to Europe from US
Online video-game company Riot Games has expanded into Europe after Tencent backing.
Volvo converts to owning part of El-Forest
Clean-technology lumber haulage company El-forest gains backing from Swedish state and car maker Volvo.
Google reinvests in Pixazza search
Google Ventures reinvests in imaging software search peer Pixazza.
Asseco Poland sets up venture fund
European technology services company agrees first deal out of seed-stage corporate venturing fund.