REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
The Asian Development Bank (ADB) signed trade financing agreements with two Indonesian banks to help them provide support for local exporters and importers. Bank Mandiri (Persero) Tbk and PT Bank Muamalat Indonesia are the first banks in the country to sign deals within the framework of the ADB Trade Finance Facilitation Program (TFFP). The TFFP […]
Attentio S.A., a Belgium-based provider of social media monitoring services, completed a round of financing from the Brussels Regional Investment Company (SRIB/GIMB), a regional investor that finances the creation, re-organization and expansion of private companies. The company provides its customers with its online Attentio Brand DashboardTM that tracks and analyzes online conversations across social and […]
Azure Power, a New Delhi-based solar Independent Power Producer (IPP), closed ist Series A funding from Helion Venture Partners and Foundation Capital. The funds will be used to expand Azure Power’s operations in India. In connection with the financing, Mr. Sanjeev Aggarwal, Managing Director at Helion Advisors Pvt. Ltd. and Mr. Ashmeet Sidana, General Partner […]
New Eagle, a Ypsilanti, Mich.-based provider of tools, products, services, and solutions for mechatronic controls, has received the first loan from the Eastern Washtenaw Microloan Fund. The company, which is focused on the EV, hybrid power train and alternative energy markets, will use the funds to commercialize its MotoHawk® software. The $225,000 Eastern Washtenaw Microloan […]
The European Investment Bank (EIB) and the UniCredit Group have signed in Milan a €300m finance contract aimed at small and medium-sized enterprises (SMEs). The EIB funds will be channelled to small businesses via UniCredit Leasing, the Group’s dedicated global leasing business line. With a presence in 17 European countries, it operates via a specialised […]
During a visit to Williams Formula One’s Oxfordshire, Business Secretary Lord Mandelson yesterday launched the publication of the “UK Composite Strategy” and announced a new £22m investment to further advance the development of “composite” materials. The strategy sets out how Government will support the composites industry by building on previous measures to support this industry. […]
DesignBay, an online graphic design crowdsourcing company, has raised capital from a syndicate of angel investors. In addtion, the company has acquired and merged with US freelance design website DesignCrowd.com. The acquisition has been funded by a group of investors, backing the business through a significant private investment, equipping the combined entity for even further […]
The European Investment Bank (EIB) has signed three separate loan contracts for a total amount of €110m aimed at boosting the economy of Bosnia and Herzegovina and supporting the country’s economic recovery efforts. The transactions include: – a €50m loan via Intesa Sanpaolo Banka for small and medium sized enterprises (SMEs) and priority projects. The […]
A $40m venture capital fund aimed at investing in West Australian seed/start-up ventures with significant growth potential launches. The new vehicle has been established under the Australian Government’s Innovation Investment Fund, a venture capital program that supports the development of new fund managers in early stage venture capital investing. The fund is made up of […]
Heliatek GmbH, a Dresden, Germany-based developer od organic solar cells, is receiving $27m (€18m) in a second round of financing. The round is led by venture capital firm Wellington Partners with participation from industrial investor Bosch and corporate venture capital investors RWE Innogy Ventures, BASF Venture Capital, the High-Tech-Gründerfonds, eCAPITAL entrepreneurial Partners AG, the Technologiegründerfonds […]
SupportSpace, a provider of on-demand remote tech support solutions, has raised $10m in equity funding. The round was led by Emergence Capital Partners, a venture capital firm focused on cloud-based business and consumer services. Previous investors BRM Group and Gemini Israel, which led the past $14.25m Series A funding, also participated in this round. The […]
SustainX, Inc., a startup developing a new technology for utility-scale energy storage, has received a $5.39m award from the US Department of Energy (DOE). The award will enable SustainX to develop its technology and eventually deploy a full-scale demonstration of its method for storing large amounts of energy using compressed air. The DOE- and SustainX-funded […]
Global private equity firm The Carlyle Group has invested more than $60m in three high growth Chinese companies. The transactions were made through the $1.04bn Carlyle Asia Growth Partners IV (CAGP IV) fund, the fourth vehicle of Carlyle Asia Growth Group, which closed in July. Further details of the transactions were not disclosed. The deals […]
BookRenter.com, Inc., a Campbell, California-based company that operates an online textbook rental site, received $6m in Series A equity financing from Storm Ventures and Adams Capital Management. The funds will be used to further extend the company’s reach and to build out the online platforms that enable existing partners to participate in the rental marketplace. […]
Wade Ceramics, a UK-based producer of porcelain flagons for the spirits industry, is moving from its old factory in Burslem, Stoke-on-Trent, to a £6.7m newly-equipped facility on Etruria Valley business park. The project has been supported by £684,000 grants from regional development agency Advantage West Midlands and a £25,000 relocation grant from the North Staffordshire […]