Swisscom Ventures, the in-house venture capital division of the alpine telecoms operator, has led a $1.8m investment in Poken, a Switzerland-based company that produces a keychain for connecting to social networking platforms.
Category: News
Miclot joins Breathe with cash intake
Veteran respiratory technology company leader John Miclot has joined US-based Breathe Technologies after it closed its third round of funding at $23m.
Waste Management goes green for plastics
US-based cleaning company Waste Management has made a strategic investment in MicroGreen Polymers, a firm developing technology to reduce the amount of plastic required in consumer products.
Dow Venture sifts water deal
Dow Venture Capital, the in-house investment division of the US chemicals company, has invested $3m as part of a second round of funding for Clean Filtration Technologies.
Publishers offer support to LibreDigital’s expansion
Publishers have continued to support US-based LibreDigital’s expansion of its online warehouse and distribution platform after it raised $8.1m in third-round funding.
SR One shows no nerves in funding NeuroTherapeutics
Drug company GlaxoSmithKline’s in-house venture capital division has co-led the $43m second round of funding for US-based NeuroTherapeutics Pharma.
Alstom latest spark to fund BrightSource
The host of corporate venturers backing US-based solar power producer BrightSource Energy has increased as part of a $150m fourth funding round.
Lilly backs Australian state biotech fund
US drug company Eli Lilly has promised to invest 20% of a $250m biotechnology fund being raised by the Australian state.
Toyota takes minority stake in Tesla
Toyota Motor Corporation has bought a share of US-based electric car maker Tesla Motors as part of a joint development.
Cisco gazes on CoreOptics purchase
US-based IT equipment company Cisco has agreed to buy CoreOptics for just under $100m and slightly more than its venture capital backers invested.
Celgene’s Ciechanover joins Kleiner Perkins
Isaac Ciechanover has left US-based biotech company Celgene Corporation after running its in-house venture capital division in order to join top tier independent VC Kleiner Perkins Caufield & Byers.
Venturers invests for Zend development
Zend Technologies, a US-based provider of software for developing and deploying hypertext preprocessor (PHP) applications to produce dynamic websites, has raised $9m in its sixth round of funding.
Vostu gains $12m in New York move
Intel Capital-backed Vostu, a Spanish-language social networking and gaming site based in Brazil, has relocated to New York with $12m in equity funding, according to a filing with the US Securities and Exchange Commission posted by news provider citybizlist.
Avila signs second development deal after Novartis option
Corporate venturing-backed US drugs company Avila Therapeutics has signed its second co-development deal after raising $30m in second-round funding in July.