Israel-based news provider Calcalist said the investors “transferred all of their holdings in the company [Advasense] to three employees, for no compensation”.
Tag: Venture Capital
Siluria presides over $13m A round
Presidio Ventures, the corporate venturing unit of Japan-based trading and operating firm Sumitomo, joins first round of US-based gas conversion company Siluria Technologies.
EIF prepares for class expansion
Europe’s largest fund of venture capital funds prepares for asset class expansion.
Burrill goes far to strike Infinity venture
Burrill and Infinity to co-invest as equal partners in US dollar and RMB investments in China.
SolarEdge lights on $25m C round
In October last year, GE Energy Financial Services joined a previous consortium investing $23m in SolarEdge Technologies as its first investment in Israel.
Broadcom finds latest acquisition in Beceem
Broadcom will pay $316m in cash for Beceem Communications, minus unvested employee options that will receive Broadcom stock.
Shamrock tunes into Ingrooves expansion
Universal Music Group (UMG) agreed to take a minority investment in Ingrooves in March 2008 and has now used Shamrock’s investment to expand its partnership with its portfolio company.
Noxxon continues fundraising injections
US-based venture capital firm CD Ventures provides further $2m for Germany-based Noxxon Pharma.
Calpers ties up with KMCP Advisors
US state pension fund severs ties with Pacific Corporate Group.
AdKeeper adds NYT to seed launch
Publisher New York Times Company backs AdKeeper’s launch alongside venture and angel investors.
TauTona Group raises $50m fund
Venture capital firm TauTona Group seeks strategic partnership after closing $50m fund.
Sutrepa sews up PregLem exit
Gedeon Richter will pay up to SFr445m ($462.8m) for PregLem, a biopharmaceutical company focused on the treatment of gynaecological conditions and infertility.
AOL and O’Reilly back Bit.ly
AOL Ventures participated as a new investor alongside corporate venturing peer O’Reilly AlphaTech Ventures in the B round of Bit.ly.
Tax less important in venture investing
European Investment Fund (EIF) finds venture capital driven less by tax than by innovation rate.