Corporate-backed Motricity revises Nasdaq listing plans
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SR One welcomes the stars
GlaxoSmithKline’s SR One leads $22m series B round for Constellation Pharmaceuticals
SAP starts its DeviceVM operation
SAP Ventures joins DeviceVM consortium by leading $10m funding round.
Pfizer catches lab rodent deal
Pfizer joins series A round for Ablexis as drugs companies seek mice to test
Managers behind BlackBerry fund discuss merger option
Corporate-backed BlackBerry Partners Fund looks at organisation change as global expansion begins.
European governments ride to VCs’ rescue
Research by European Investment Fund finds governments responsible for nearly a third of venture funding
Swiss group power up GreenTeg’s spin-out
Swisselectric forms club to fund GreenTeg’s spin out.
Novartis muscles in again on NanoPowers round
Novartis Venture Funds leads first round of funding for NanoPowers
Symantec makes smart call with Mocana funding
Symantec leads series C round for Mocana
Four work in tandem in novel approach to start-ups
Case study of Bicycle Therapeutics, which has two venture capital firms and two corporate venturing divisions in its first round of funding.
VCs work with their corporate peers
Healthcare venture capital firms reap rewards when working with corporate venturing peers.
Move to create in-house venture team vindicated
Merck Serono’s decision to set up a Ventures team has led to 400 opportunities in its first nine months and two deals.
Move to create in-house venture team vindicated
A “deluge” of opportunities presented themselves to Merck Serono after the Switzerland-based biotechnology company lifted the lid on its corporate venturing fund last year and provided almost immediate justification for the decision to start a €40m ($49m) in-house venture capital operation. Receiving more than 400 business plans in the first nine months, however, caused some… Continue reading Move to create in-house venture team vindicated
Biotech companies call in the colonel
Profile of Eli Lilly’s corporate venturing divisions reveals their evolution since the 1980s and recent transformation to an independent fund structure able to act globally.