Omnivore Capital is raising $50m and India-based conglomerate Godrej Group will commit 10% to the fund and has already made one recruit to a team that will act as its general partner.
Category: Sectors
Strategics scale Green Mountain success
BP and Nuon had backed renewable power group Green Mountain Energy before its planned $350m takeover by NRG Energy.
IDG tunes up for SouFun success
International Data Group floats Chinese portfolio company SouFun and gains first day pop while separately backing TuneUp in the US.
Prime investment in Cint
Sweden’s Cint closes round at $13m from Prime Technology and Creandum.
Kelly joins AdMeld gang
Time vice president Jason Kelly becomes chief media officer at AdMeld.
SandForce blasts its way to $25m
US-based LSI and Taiwan chip maker UMC reinvest in computer processor company SandForce’s series D round.
SG Biofuels gains $9.4m in series A round
Flint Hills Resources and Life Technologies have invested in SG Biofuels’ A round.
CDC sets up China fund
Foshan Nanhai-CDC Technology and New Media Fund to be launched for China technology and media companies.
Urban leaves Holtzbrinck Ventures for start-up
Konstantin Urban, former head of Holtzbrinck Ventures, has co-founded Urban-Brand, the company behind baby care website www.windein.de.
Boehringer makes first venture investment
Boehringer Ingelheim has made its first investment from its corporate venturing fund launched in March in Okairòs, a Switzerland-based drug development company, which has raised €16m ($20.5m) in its series B round. The financing was led by venture capital firm Versant Ventures and joined by the €100m Boehringer Ingelheim Venture Fund. All existing investors from Okairòs’… Continue reading Boehringer makes first venture investment
Honeywell turns to MBA Polymers
MBA Polymers makes initial close of expected $25m round.
O’Reilly finds how to Get Satisfaction
O’Reilly Media joins Get Satisfaction series A round.
Intel strikes four US deals
Intel Capital backs four US-based technology companies.
Sorbent Therapeutics absorbs final funding
Detlef Albrecht promoted to executive president of Sorbent Therapeutics as its finishes its series B round.