REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
The European Bank for Reconstruction and Development (EBRD) is set to raise its stake in Russia’s Transcapitalbank to up to 28.6% after signing an agreement today to subscribe to a new issue of ordinary shares by the end of 2009 aimed at boosting its Tier-1 capital. The transaction will allow the bank to raise over […]
CDC Entreprises, a subsidiary of Caisse des Depots, a publicly-owned company serving general interest and the economic development of the country, invested in two funds, participating in the first closing of the Ouest Ventures Fund II and in the capital increase of Eurefi SCR. CDC Enterprises committed €5.3m in the FCPR Ouest Ventures II, allowing […]
The California Institute of Quantitative Biosciences (QB3) is collaborating with a newly launched $7.5m fund to provide startup capital for bioscience entrepreneurs stemming from University of California’s research efforts. The Mission Bay Capital Fund will help UC scientists translate their research into products and biomedical therapies. The fund aims to start up 15 companies with […]
DNP Green Technology has completed a $12m equity funding from a syndicate led by Sofinnova Partners and including Mitsui & Co. Venture Partners, Samsung Ventures Investment Corporation, the Cliffton Group and old investor AquaRIMCO. DNP Green is a late stage bio-materials company that will begin selling bio-based succinic acid in 2009 through its Bioamber joint […]
San Francisco, CA-based Netpulse, an interactive media platform for fitness centers and active lifestyle consumers, has secured $3.1m in Series A funding led by Javelin Venture Partners with participation from DFJ Frontier. Netpulse will use the funds to continue the development of its platform, which is specifically designed for integration into both fitness equipment and […]
Internet Search Marketing Ltd (iSM), a firm that specialises in organic search engine optimisation (SEO) and ensures customers appear at the top of internet searches, is expanding. One of the UK Regional Development Agencies, One North East, has offered the company a £160,000 Grant for Business Investment (GBI), which will help create 33 jobs at […]
Catapult BioAccel has announced a $200,000 grant of an Arizona-based Kemeta LLC, an early stage company developing a product for application in consumer health and medical markets. Phoenix-based Catapult BioAccel, a nonprofit organization dedicated to translating life science discoveries into new business opportunities, is funding a portion of the activities that will advance the product […]
Fouriertransform, the venture capital company established by the Swedish State for backing companies in the automotive industry, is investing SEK60m in Powercell Sweden AB, a developer, producer and provider of fuel cells, fuel reformers and auxillary power units. The investment will be made by a directed share issue (money is injected directly into the company […]
Varicent Software Incorporated, a provider of sales performance management (SPM) and incentive compensation management (ICM) solutions has raised $35m in additional funding led by San Francisco and New York-based FTV Capital. RBC Venture Partners and EdgeStone Capital Partners, current investors in Varicent, also participated in the new round of funding. The funds will allow the […]
Syngenta Ventures announced that it has made an equity investment in Durham, NC-based Metabolon, Inc., a U.S. biotechnology company focused on the use of metabolomics in research and diagnostics. The equity investment was made in the Series C financing of Metabolon which raised in total $12.3m from a number of investors, including Syngenta Ventures. Financial […]
EQT Expansion Capital II, a €475m fund providing capital for privately owned mid-market companies, has agreed to invest in Skykon A/S, an international supplier to the wind energy industry based in Arhus, Denmark, with a large three digit million kroner investment. Skykon will use the new funds to invest in production facilities and other development. […]
Samsung Electronics Co., Ltd and Handmark, Inc., announced the launch of a new venture fund to invest in companies and individuals with innovative, market-changing game ideas for next generation Samsung mobile phones. Companies and individuals selected will receive up to $250,000 each to fund the development of winning ideas. The fund will be managed by […]
Monkey Bizness Limited, a UK’s independent operator of family entertainment centres, received a £2m funding from Octopus Investments Ltd. The investment was made through the £30m Octopus Capital for Enterprise Fund. The proceeds will be used to strengthen the business’ balance sheet and to finance additional new sites across the UK. Lewes, East Sussex, UK-based […]
ADA Technologies, Inc., a research, development, and commercialization company that specializes in creating and converting innovative technologies to commercial successes, received a $189,886 grant from the National Institute of Mental Health to develop a home lithiummonitor for use by patients with bipolar disorder. The testing tool would allow reliable monitoring of blood lithium concentrations, enabling […]
ResponseLogix, Inc., a Sunnyvale-CA-based provider of automotive digital response management software, announced the closing of $5.6m in new funding led by Emergence Capital Partners with participation from existing investors GRP Ventures, Shasta Ventures, Belo Corp. and AH Belo Corp. The funds will be used to further cement ResponseLogix’s leadership in the growing market for internet […]