REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
World’s leading maker of mobile devices Nokia has acquired Dopplr, a mobile service provider for international travellers. London and Helsinki-based Dopplr and its 7 people team, will brings to Nokia’s Services unit its know-how in creating internet-based communities and showing their journeys, experiences and tastes collectively on the web. The acquisition does not change the […]
Livebookings, an European online marketing and reservations service for the restaurant industry, closed a $16m financing round led by pan-European venture capital firm Wellington Partners and backed by existing investors. The investment follows some $12m from Balderton Capital and other investors during the period 2008-2009. The funds will be used to continue the development of […]
A conference about “JEREMIE and JESSICA: Innovative financial instruments in EU Cohesion Policy” will take place in Brussels at the Square Conference Centre on Thursday, 22 October 2009 (starting at 16.30 hrs) and on Friday, 23 October 2009 all day. The conference, which is organised by the Directorate General for Regional Policy of the European […]
EBAN, the European Business Angel Network and SVCA, the Swedish Private Equity &Venture Capital Association, are organising the 8th edition of the EBANWinter University, a one-day working seminar for stakeholders from the early stage industry across Europe. The event, which will take place on the 10th of November in Stockholm, Sweden, will gather business angel […]
Myconostica Ltd., a Manchester, UK-based medical diagnostic company developing and commercialising specific tests for life-threatening fungal infections, raised £1.7m in the first close of its Series D funding round. The proceeds will be used to launch additional molecular diagnostic products and extend the real-time polymerase chain reaction (PCR) platforms Myconostica’s tests are able to operate […]
BNP Paribas granted a $1m equivalent loan to MBK Ventura, an Indonesian Micro Finance Institution (MFI). MBK Ventura was created in 2003 in order to provide working capital to women from very low income households in Indonesia, to help finance their micro enterprises, enabling them to increase their family’s income and living standards. The average […]
CMEA Capital announced that it will invest an additional $100m over the next three years in the alternative energy sector as part of its Commitment to Action for the Clinton Global Initiative (CGI). Following its first commitment to CGI in 2007, CMEA has already invested $100m in green energy companies in less than two years […]
The Clinton Global Initiative (CGI) announced its support for The Center for Financial Services Innovation (CFSI) and CFSI’s commitment to launch a venture capital fund, which will invest in dynamic financial companies with the potential to succeed in the marketplace and deliver transformational change for underbanked consumers. A nonprofit affiliate of ShoreBank Corporation, CFSI works […]
Microlease, the UK-based test and measurement rental company, acquired the European operations of its major US competitor, Telogy Inc. According to the company, the deal is in line with a three-year strategy of organic growth and acquisition and will firmly consolidate the Microlease’s position as the number one test and measurement rental business in Europe. […]
LS9, Inc., the Renewable Petroleum Company, an industrial biotechnology company pursuing the commercial development of renewable fuels and chemicals, completed a $25m round of funding. Participating investors in the round included CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures LLC, Flagship Ventures, Khosla Ventures and Lightspeed Venture Partners. LS9, founded in 2005, […]
Altor BioScience Corporation, a biotechnology company developing targeted immunotherapies for treating cancer, viral infections, and inflammatory diseases, has been awarded a Small Business Innovation Research (SBIR) Phase II Bridge Grant by the National Cancer Institute (NCI). The grant of $3m over three years will further support the efforts that Miramar, Florida-based Altor is making in […]
GradFutures, Ltd., a UK provider of information about graduate schemes and graduate jobs offered by a wide range of graduate recruiters, received an investment from local South East Seed Fund, Cascade Fund and other angel investors. Commenting on the funding, Demetrios Zoppos, CEO of the company, was reported as saying: “GradFutures is at the forefront […]
The European Commission, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Council of Europe Development Bank (CEB), have agreed to launch the Western Balkans Investment Framework, which will provide a joint grant facility and joint loans to finance priority investment projects in the region. The objective of the […]
SACE and Europe Arab Bank (EAB) have signed an agreement to support Italian companies in Middle East and North Africa. The partnership will allow SACE, which is a provider of credit insurance, investment protection and contractual guarantees to cover political and commercial risk, to provide Italian companies with a cost effective and competitive bonding service […]
Bridge Capital Holdings, whose subsidiary is Bridge Bank, National Association, a business bank headquartered in Silicon Valley, announced today that its Technology Banking Division has established a $10m line of credit with Pandora Media, Inc. to provide working capital for continued growth. Commenting on the funding, Joe Kennedy, CEO and President of Pandora, said: “We’re […]