Former head of strategy and operations for strategic alliances at Switzerland-based drugs company Novartis’ Institutes for BioMedical Research joins venture-backed Vitae Pharmaceuticals.
Category: Firms
US venture market to shrink
Emerging markets to see growing numbers of venture capital firms while developed markets to suffer decreases, according to global survey.
GE sets up $200m clean-tech fund
General Electric jointly funds its third corporate venturing fund with support from four venture capital groups.
Naspers buys a chunk of Digital Sky
Russian internet group gains full control of Mail.ru and $388m in cash for selling 28.7% of itself to South Africa’s Naspers.
Intel’s Callaghan leads Irish innovation fund
Ireland follows UK in forming fund of venture capital funds with India planning direct investment vehicle for its pharmaceutical industry.
Drakelid moves to vice chairman of Odyssey Pictures
Founder of Sweden-based venture capital firm Siguiente Capital steps up role at US-based media and marketing company Odyssey Pictures.
JJDC-backed Ventus Medical raises $40m
Series D round for US medical devices company Ventus Medical boosts funding for Stanford lecturer.
AMTC gains China partnership
Asia Media & Technology Capital Management, which has a $500m fund investing in media and technology in Asia, primarily China, signs MoU with network operator.
Jivox eyes strategic investors for next funding round
Indian serial entrepreneur Diaz Nesamoney’s latest venture, Jivox, looks to double its funding to $30m next year.
ASI gains $10m in latest funding round
Advanced Inquiry Systems sees support for at least corporate venturing units for series C round.
Novo backs Reata Pharmaceuticals’ $78m round
Denmark-based Novo, which has as one of the largest and most influential corporate venturing units by Global Corporate Venturing in June, is one of two co-leaders in diabetes company Reata’s $78m investment round.
Google reportedly takes stake in Zynga
News provider TechCrunch reports search engine group Google invests $100m to $200m in social gaming company.
India’s One97 launches $100m fund
Ahead of its Intel Capital-backed flotation, India-based mobile services group One97 launches $100m corporate venturing fund.
Rebate Networks backs Japan’s Piku
European entrepreneurs’ start-up takes strategic stakes in coupon company Piku after similar deals in Germany and China.