Mayo Clinic and the University of Minnesota will try and raise at least $250m to research diabetes and offer corporate venturing opportunities to local companies.
Category: Sectors
Mast Kalandar tucks into latest round
Vegetarian fast food chain Mast Kalandar continues adding restaurants with latest round.
BASF warms up with Aspen Aerogels deal
Aspen Aerogels raises more than $110m in aggregate with latest series B round of funding led by Germany-based chemical conglomerate BASF.
Nokia and Cisco find their Netmagic
Nokia Growth Partners and Cisco join mutual fund company Fidelity International in Netmagic Solutions’ $12.5m latest round.
Disney finds Passenger for latest deal
Disney’s Steamboat Ventures joins consortium investing $7.5m in Think Passenger.
Microsoft re-emerges as venture investor
Software group Microsoft has reemerged as a corporate venturing investor by joining AppNexus’ latest round.
Threatmetrix rejects initial CyberSource overtures
CyberSource’s $2bn acquisition by credit card company Visa scuppers initial plans to join Threatmetrix’s investor list.
GSK spins out assets to form Convergence
UK-listed pharmaceutical company GlaxoSmithKline will own 18% of Convergence after asset spin-off.
Pacific Biosciences lays out flotation details
Pacific Biosciences, a US-based gene sequencing company, plans to raise $200m on Nasdaq.
Watson called in as doctor for Moksha8
Moksha8, a Brazil-based specialty drugs company, raises $61m in its series D round that includes Watson Pharmaceuticals.
Viewdle gazes on larger list of strategic investors
Best Buy Capital and Qualcomm Ventures join BlackBerry Partners Fund in Viewdle’s series B round
IT security going from hot to ‘hotter’
For all the talk about a chronic shortage of exits for venture-backed companies, there is one segment of the venture-technology ecosystem that appears to be posed to go from hot to “hotter”.
Constellation finds stars in CPower deal
Intel and Aster exit portfolio company CPower to Constellation Energy Group.
Creative Artists Agency adds star fund
TPG Capital agrees to form pledge fund for media sector with corporate sports and entertainment marketing group Creative Artists Agency.