1 min read · 04 October 2010
Swedish nanowire LED developer GLO AB has raised SEK 170 million ($25 million) in investment, with new investor Wellington Partners leading the round, and with return investors including VantagePoint Venture Partners of San Bruno, California, Provider Venture Partners (Stockholm), Hafslund Venture, Agder Energi Venture, Teknoinvest (Oslo) , LU Innovation, and LUAB the investment arm of Lund University in Sweden. Fariba Danesh has also been named as GLO AB’s new CEO.
6 min read · 04 October 2010
Edwards Group, the British vacuum technology firm backed by CCMP Capital and Unitas Capital, has said that sales and profits will grow in the second half of 2010, ahead of its planned sale or flotation. Reuters reports that CCMP and Unitas Capital have valued the company at about 1.5 billion pounds ($2.4 billion).
2 min read · 04 October 2010
Aster Capital, a Paris-based cleantech venture capital firm, sold its CPowerportfolio company to Constellation Energy Group Inc. Financial terms were not disclosed. Aster Capital, along with Bessemer Venture Partners and Expansion Capital Partners, led a first round funding of New York-based CPower in September 2007. CPower provides energy management services and solutions
2 min read · 04 October 2010
Privalia Venta Directa secured €70 million ($95 million) from venture capitalists, the Financial Times reported. General Atlantic and Index Ventures, along with existing shareholder Highland Capital, participated in the financing. Privalia is a Barcelona, Spain-based company that runs private online sales clubs in Spain, other parts of Europe and Latin America. http://es.privalia.com/public
1 min read · 04 October 2010
ClairMail Inc. secured $13.8 million in a late-stage round of funding. The San Rafael, Calif.-based mobile banking and payments solutions company said the investment was led by Investor Growth Capital (the venture capital arm of Stockholm-based Investor AB). Existing investors JAFCO Ventures, Northwest Venture Partners and Outlook Ventures participated in the financing. ClairMail plans to use the capital to grow its technology infrastructure and service capabilities.
3 min read · 04 October 2010
Cornerstone OnDemand Inc has filed a registration statement with the SEC for a proposed initial public offering of its common stock. None of the details of the IPO – number of shares or the price range – have been determined, according to the company. Goldman Sachs and Barclays Capital are acting as joint book-running managers. Cornerstone OnDemand is backed by Meritech Capital, Bessemer Venture Partners and Bay Partners.
2 min read · 04 October 2010
3 min read · 30 September 2010
Asia’s private equity industry has an estimated $50 billion in funds but a shortage of fund managers is a cause for concern, according to a poll taken at an Asian investment conference. Half of that $50 billion is targeted for China. Despite this rush of cash into China, however, fund managers claimed that the valuations in the country have not yet gotten out of hand.
2 min read · 30 September 2010
New Jersey biopharmaceutical company Tobira Therapeutics has raised $31 million in Series B financing, the company announced. A new investor, Novo A/S, led the round, with return investors Domain Associates, Frazier Healthcare Ventures, Montreux Equity Partners and Canaan Partners. The funding will be used to develop and bring to the market the company's antiviral compounds for the treatment of HIV.
2 min read · 30 September 2010
