Venture investing in mainland China fell 42% during the fourth quarter as companies raised $854 million, Dow Jones VentureSource reports. Completed deals declined 52% to 39.
3 min read · 25 February 2013
Cisco Systems said it completed its acquisition of privately held Intucell. The network giant paid about $475 million in cash and retention-based incentives for the operations of the Ra'anana, Israel, -based company.
2 min read · 25 February 2013
VIC Technology Venture Development said it formed the VIC Investor Network, a new fund that will place $250,000 into every new portfolio company VIC forms. VIC estimates more than 100 high paying jobs will be created in portfolio companies over the next 3 years.
3 min read · 22 February 2013
Venture capital returns creep ahead in fits and starts. Distributions to LPs, however, have gone through the roof. In the third quarter of 2012, they hit their highest level since 2001, and they look poised to go higher in the fourth quarter and beyond.
2 min read · 22 February 2013
OTI Greentech Group AG said it raised about $4.4 million in a deal led by Wermuth Asset Management’s Green Gateway Fund, also known as the Europe Tatarstan Cleantech Fund. The funding is the first tranche in a commitment that will grow to about $7.7 million. The second tranche is expected later in 2013.
4 min read · 21 February 2013
Big data means big business for venture investors. Venture capital going to startups with big-data-related business plans came close to $1.4 billion last year and accounted for more than 5% of all venture dollars placed with young companies.
2 min read · 21 February 2013
The new Boston startup accelerator Bolt has raised financing from Autodesk, Logitech and Grishin Robotics, according to a press release. Other partners include Mick Mountz, founder of Kiva Systems and Brad Feld of Foundry Group. The accelerator plans to work with startups developing hardware, including robotics and consumer devices.
2 min read · 20 February 2013
Pearson said it launched an incubator program for startups addressing the education market. The Pearson Catalyst program seeks to match startups with Pearson brands to promote pilot programs and provide resources. Startups need to be less than three years old with products ready to launch. The program will incubate 10 teams of founders for at least three months starting in mid April.
3 min read · 20 February 2013
Menlo Ventures is bringing on veteran VC Venky Ganesan as a partner shortly after Managing Director Shervin Pishevar said he would reduce his role at the firm.
2 min read · 20 February 2013
Venture investing across the nation fell in the fourth quarter, but you would never know it by looking at private company valuations in Silicon Valley. They were strong, with up rounds exceeding down rounds by an expanding margin and average deal prices rising, particularly in later rounds. This news comes from the Fenwick & West’s quarterly deal study.
1 min read · 19 February 2013
