Sectors – Page 2117

Taiwan’s Industrial Technology Research Institute seeds fund

ITRI plans to set up a $93.8m venture capital fund seeded from its National Development Fund and overseas corporate and other investors.

Russia’s Skolkovo Project, its equivalent of America’s Silicon Valley, gains $1bn backing from Cisco to find new deals and help entrepreneurs.

Asian strategic investors emerge to help US-based developer of biosensors for computer games and other electronic products NeuroSky.

Zhejiang Tianyue Venture Capital, which is 100% owned by Haiyue, said it would invest RMB27.3m ($4m) for a 4.55% stake in Zn Animation.

Energy efficiency software supplier Recurve gains $8m in second round from home retailer Lowe’s Companies and VCs.

Eight venture investors commit another $20m to Nereus a decade after its first round to take the total raised so far to nearly $150m.

Disney’s corporate venturing division Steamboat Ventures backs $33m series A extension for social gaming company.

US-based legal information website Rocket Lawyer takes off with $7m C round.

CMEA Capital and Kaiser Permanente Ventures join $30m funding for Baxano

Incline therapeutics acquires Ionsys assets to tempt Cadence into minority shareholding and option deal worth up to $290m.

US-based software company Inform Technologies raises $4m.

Investors including MedImmune Ventures, push through merger of biotech portfolio companies to form Corridor Pharmaceuticals.

Jiangsu Huagong Venture Capital Company gains 20% cornerstone investor in its latest fund.

Vanguard Management backs Genesis Venture Fund India I after building close ties to firm.