Comcast Ventures, the corporate venturing division of US-based cable and telecommunications corporation Comcast, has launched an additional portfolio company known as CTI Towers. Comcast Ventures was formed in May when Comcast’s previous corporate venturing unit, Comcast Interactive Capital, merged with NBC Universal’s Peacock Equity Fund as part of Comcast’s acquisition of the media conglomerate. CTI… Continue reading Comcast Ventures erects new portfolio company
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Steamboat sales away from 56.com and Glauser
Olivier Glauser, a venture partner and managing director of Steamboat Ventures in China, has left to join a start-up while the corporate venturing unit has separately sold 56.com to Renren.
Powerit appoints new CEO
US-based clean technology company Powerit Solutions appointed Kevin Klustner as chief executive officer (CEO) on 6 September. Klustner was previously co-founder of management consultancy firm Convergency Partners, in addition to being a published cleantech writer. Powerit closed a $5m series C funding round in March led by venture capital firm Black Coral Capital, with participation… Continue reading Powerit appoints new CEO
Adaptivity gets used to Intel investment
Adaptivity has followed up its $10m series A round with further funding from backers including corporate venturing unit Intel Capital.
The BGF hires two more directors
Andy Gregory and Marion Bernard have joined the fund as regional directors.
Horizon reaches for the sky
The biopharmaceutical company has extended its series C round with funds from investors including Roche.
Physic partners with Edelman
The program, which launches this month, will select Fellows from Edelman’s team of more than 100 in San Francisco, with Debra Jack (pictured), executive vice president at Edelman and head of the San Francisco office’s corporate, CSR and crisis communications practices, as the first Physic Fellow.
Nancy Stagliano joins iPierian
Peter Van Vlasselaer, will become executive chairman of iPierian after he replaced former CEO Michael Venuti, after the latter’s brief tenure, in May.
VideoIQ takes intelligent route to funding
US-based video surveillance technology company VideoIQ secured $7.5m in series C funding on Monday as consumer electronics conglomerate Cisco joined existing backers in investing. The other investors in the round were venture capital firms Atlas Venture, Matrix Partners and Tenaya Capital. VideoIQ obtained $6m in funding in January 2010 with Tenaya making its investment under… Continue reading VideoIQ takes intelligent route to funding
Sanghi leaves Motorola for Amex
Previously managing director of North American venture activities for Motorola Mobility for six years, Sanghi will lead Amex’s Enterprise Growth Group’s new office in Silicon Valley, California, US, which is expected to open later this year.
Eckstein to lead SR One
Eckstein, a venture partner and entrepreneur-in-residence at Germany-based venture capital firm TVM Capital, will report to GSK’s research and development chairman Moncef Slaoui and be based in Boston, US.
Clean Power attracts Google financing
Google Ventures, together with venture capital firm Kleiner Perkins Caufield Byers, has invested $19m in US-based clean technology software company Clean Power Finance. The investment was made on the 1st of September. Together with funding raised from venture capital (VC) firm Claremont Creek Ventures, and VC funds Clean Pacific Ventures and Sand Hill Angels, in… Continue reading Clean Power attracts Google financing
BGF takes well-traveled Rhodes
Jon Rhodes becomes the latest high-profile executive to join the fund, this time in a public relations role.
Recruiting in media’s venturing landscape
Turnover of corporate venturing professionals in media has been relatively high compared with that in other sectors, but attempts are being made to encourage diversity, according to Global Corporate Venturing data.