VCJ Staff

Stream5 Raises New VC Funding

Stream5, a Munich-based provider of online video technology, has raised a "seven-figure sum" of new VC funding. KfW and angel Klaud Wecken were joined by return backers DuMont Ventures and Tiburon Partners.

Foursquare Raises $1.35 Million

Solyndra Breaks Gound on Second Plant

HealthHiway Raises $4 Million

HealthHiway, an India-based developer of service infrastructure for the formation of a national health data network, has raised $4 million from Greylock Partners.

Daktari Diagnostics Raises $2.8 Million

Daktari Diagnostics Inc., a Boston-based developer of point-of-care diagnostics for infectious diseases, has raised $2.8 million in Series A funding. Backers include Partners Innovation Fund, Mass Medical Angels, Norwich Ventures, Launchpad Venture Group, Hub Angels Investment Group and Boston Harbor Angels.

LEO Pharma Buying Peplin

LEO Pharma AS has agreed to acquire Peplin Inc. (ASX: PLI) for approximately US$287.5 million in cash. Peplin raised a $24 million PIPE last October from GBS Venture Partners, Asia Union Investments, MPM Capital, New Enterprise Associates and Orbis Funds Management.

Boundless Network Keeps Adding On

Boundless Network Inc., an Austin, Texas-based promotional merchandising company, has acquired Virginia-based distributor PromoCorp. No financial terms were disclosed. Boundless has raised VC funding from firms like Austin Ventures and Silverton Partners.

VCs Sell 7Digital Stake to HMV Group

HMV Group has agreed to acquire a 50% equity stake in 7digital, a UK-based provider of digital media delivery solutions. The deal is valued at £7.7m in cash, and represents a profitable exit for 7digital backers Balderton Capital and Sutton Place Managers.

Fluidigm Raises New Capital

Cisco Commits To South Korean VC Fund

Cisco Systems has committed $32 million to an $80 million VC fund being managed by SkyLake Incuvest & Co., with a focus on South Korea.