REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Skimbit Ltd, the London-based Skimlinks platform that automates the process of creating affiliate links, completed a £900,000 ($1.5m) Series A funding round. The investment was led by Sussex Place Ventures, with participation from the National Endowment for Science, Technology and the Arts (NESTA), The Accelerator Group and other angel investors. The new funds will enable […]
California Stem Cell, Inc. (CSC), an Irvine, California-based stem cell research and drug discovery company, announced that it has completed a Series B financing round with private investors. The financing will enable the company to support the advancement of its therapeutic products to human clinical trials, as well as the generation and distribution of its […]
LipoFIT Analytic GmbH, a Regensburg, Germany-based developer of diagnostic tools to assess the risk of developing atherosclerosis, raised €4m in growth financing. The round was led by SHS Gesellschaft für Beteiligungsmanagement, a growth investor located in Tübingen, Germany, KfW Bankengruppe (ERP Startfonds), and Bayern Kapital. In exchange for their investment, the new partners will receive […]
The European Investment Bank (EIB) and Crédit Agricole have signed an agreement to open a €300m credit line to support small and medium enterprises (SMEs). The credit line will allow French SMEs operating in the field of agriculture, industry and services, to receive loans in support of their tangible or intangible investments. FinSMEs 21/12/2009
Durata Therapeutics, Inc., a newly formed biopharmaceutical company, announced that it has acquired Vicuron Pharmaceuticals from Pfizer (PFE). Durata was created by a five-member venture capital syndicate to pursue late-stage clinical development of novel antibiotic programs. The acquisition was funded through a stock purchase by New Leaf Venture Partners, LLC, Domain Associates, LLC, Aisling Capital, […]
According to local reports, 5 Minutes, a Shanghai, China-based social network game developer and operator, has raised $3.5m in a Series A venture capital funding. The round of financing was led by an early stage and venture capital firm Draper Fisher Jurvetson. Reports said that the new funds would be used to release new games […]
The Global Energy Efficiency and Renewable Energy Fund (GEEREF), an investment vehicle focused on clean energy in emerging countries and economies in transition, committed €10m to Southern Africa’s Evolution One Fund. Evolution One is a private equity fund dedicated to encouraging accelerated development and use of environmental friendly products, services and processes to reduce costs […]
Microdata Telecom Innovation AB, a Täby, Sweden and India-based provider of radio solutions, is raising SEK10m (approximately €960.000) from venture capital firm InnovationsKapital and existing shareholders. Microdata provides radio solutions to OEMs and Network Operators, in order to improve radio coverage, capacity and quality of mobile communications. The company will use the funds to expand […]
Youku.com, a Chinese video sharing website, announced that it has closed $40m in private equity funding in a first tranche of a growth financing round. The round was led by Chengwei Ventures, with participation from existing investors Brookside (Bain) Capital, Maverick Capital, and Sutter Hill Ventures. Including this first tranche, the company has raised $110m […]
L&Q S.c.p.a., a Castelplanio (AN), Italy-based manufacturer of fitted kitchen furniture, has received a €300.000 investment from CFI, an institutional investor dedicated to working with social and worker cooperatives. The cooperative was founded in March 2009 by 31 employees as a spin out of Linea Quattro S.p.A., which entered into a voluntary arrangement. The employees […]
Komutel Inc., a Canadian manufacturer of integrated telecommunications solutions for business, acquired ConverTec Inc, a Burlington, Ontario-based telecommunication software developer. The transaction will allow Saint Georges de Beauce-based Komutel to expand its global distribution network and client base in Canada, the United States and Europe. According to Richard Poulin, president of Komutel, “This is a […]
Through two loans totalling €45m, the European Investment Bank (EIB) will support the projects developed by small and medium sized companies (SMEs) and local authorities in Serbia. In particular, EIB is providing €25m to Erste Bank a.d. Novi Sad and €20m to Piraeus Bank a.d. Beograd to co-finance small and medium-sized projects promoted mainly by […]
Zipcar, Inc. has announced that it has acquired a minority stake in Catalunya Carsharing S.A., a Spanish limited liability company known as Avancar, a car sharing operator working in Barcelona and its metropolitan area.
Tennenbaum Capital Partners, LLC, a a Santa Monica, California-based private investment firm focused on distressed investing, announced the third and final closing of Tennenbaum DIP Opportunity Fund, LLC, a $454m fund focused on debtor-in-possession (DIP) financing. DIP financing is a special form of financing provided to assist companies under Chapter 11 bankruptcy protection. It is […]
A new $58m venture capital fund of funds focused on the life sciences has been launched by Indiana’s institutional investors. Organized through BioCrossroads, Indiana’s initiative to grow, expand and invest in the life sciences, and managed by the Credit Suisse Customized Fund Investment Group, the new INext Fund includes investments from Lilly, the Indiana State […]