Denmark-based medical foundation Novo, which invests $300m per year through its corporate venturing funds, has reinvested in US-based drugs company Logical Therapeutics’ in its third round of funding. Logical raised $16.9m in its series C round led by venture capital firms SV Life Sciences (SVLS) and Novitas Capital and including merchant bank and VC Burrill… Continue reading Novo makes Logical reinvestment
Category: Firms
Dow reinvests for Noxxon’s €110m funding marathon
Dow Venture Capital, the corporate venturing unit of US-based Dow Chemical Company, has reinvested in Germany-based healthcare company Noxxon Pharma’s fourth round of funding. Noxxon raised €33m ($40.8m) in its series D round led by US and Germany-based venture capital firm NGN Capital as a new investor. NGN’s VC and German state-backed peers, TVM Capital,… Continue reading Dow reinvests for Noxxon’s €110m funding marathon
Guindy takes ReVolt plunge as COO
ReVolt Technology, a Switzerland-based developer of rechargeable batteries backed by German energy company RWE’s corporate venturing unit, has hired Wade Guindy as chief operating officer and executive vice president of technology.
Jaffe becomes Glam’s numbers man
Glam Media, a female-focused media company backed by Germany-based corporate venturing fund Burda Digital, has hired Bruce Jaffe as its chief financial officer (CFO) and executive vice president of corporate development.
Smith takes up balance of a Kenda company
US-listed energy services company Smith International has acquired the remaining shares in @Balance from fund manager Kenda Capital.
Link Medicine raises $20m
Link Medicine, a drug developer for brain diseases previously backed by two strategic investors, has raised $20m in its fourth round of funding.
Sigma Offshore taps Varco cash well
National Oilwell Varco, an oil and gas services company, has joined the £4m ($6.1m) investment round of Sigma Offshore, a UK-based energy services company. Alongside Varco in the funding were UK development agency Scottish Enterprise’s Scottish Venture Fund and Energy Ventures, Sigma Offshore’s original investor and major shareholder.
Intel finds room for Caring deal
Intel Capital, the corporate venturing division of US-based chip maker Intel, has invested $4m in US-based Caring, a company founded in 2007 to provide information to people taking care of the elderly.
Intel backs Virtustream A round
Intel Capital, the corporate venturing division of US-based chip maker Intel, has invested in the $15m series A extension round of Virtustream, a provider of virtual technology company.
Tessera buys venture-backed Siimpel
Nasdaq-listed peer Tessera Technologies has bought Siimpel, a technology company backed by multiple corporate venturing units, for $15m.
Novocell becomes ViaCyte
US-based medical research company Novocell changes its name to ViaCyte after raised more than $80m, including from Johnson & Johnson’s corporate venturing unit.
Drugs veteran Gemayel takes FoldRx chair
FoldRx Pharmaceuticals, a US-based drug developer backed by strategic investor Novartis, has made Georges Gemayel its executive chairman.
ActiveVideo joins TAG team
US-based media company ActiveVideo Networks, which is backed by multiple strategic investors, has acquired peer TAG Networks.
GoTV gets Hands-On deal
GoTV Networks, a US-based media company for mobile phones backed by two strategic investors, has bought application-development business of Hands-On Mobile.