1 min read · 24 November 2008
1 min read · 24 November 2008
Venture capitalists disbursed $964 million to 59 companies in Mainland China during the third quarter, according to Dow Jones VentureSource. That brings the yearly total to $3.29 billion, compared to the previous annual record of $2.88 billion set in 2001.
4 min read · 24 November 2008
Yankee Equity Solutions has launched a $50 million private equity fund, with a focus on helping Massachusetts-based medical technology companies increase revenue and expand commercialization efforts
2 min read · 24 November 2008
IMImobile, a Hyderabad, India-based developer of wireless technology platforms and content aggregation services for mobile operators, has acquired dx3, a London-based provider of content delivery services. No financial terms were disclosed. IMImobile has raised $14 million from NewMedia Spark and FirstMark Capital, while dx3 had raised over $24 million in funding from NewMedia Spark in 2000.
3 min read · 21 November 2008
Staccato Communications, a San Diego-based developer of ultrawideband and wireless USB communications components, has agreed to merger with Artimi Ltd., a Santa Clara, Calif.-based fabless semiconductor company developing single-chip solutions for high bandwidth wireless connectivity based on UWB. The deal is structured as a 50/50 stock swap, plus $20 million in a new round of equity funding from existing investors of both companies. Staccato had previously raised around $94 million from firms like Allegis Capital, Bay Partners, Charles River Ventures, Formative Ventures, Interwest Partners and Vision Capital. Artimi had raised over $50 million from Accel Partners, Amadeus Capital Partners, Index Ventures, Khosla Ventures, Oak Investment Partners and Bank of Scotland Growth Equity.
4 min read · 21 November 2008
WebVisible Inc., an Irvine, Calif.-based provider of online advertising search solutions for small businesses, has acquired Adapt Technologies Inc., a Pasadena, Calif.-based provider of applications for automating the management of search engine marketing campaigns. No financial terms were disclosed. WebVisible has raised $17 million in VC funding from Redpoint Ventures and Sutter Hill Ventures. Adapt Technologies had raised around $10 million from firms like Emergence Capital Partners and Mohr Davidow Ventures.
3 min read · 21 November 2008
ThingMagic Inc., a Cambridge , MA.-based developer of RFID readers, sensors, and embedded RFID technologies, has raised an undisclosed amount of strategic funding from In-Q-Tel. The company had recently raised a $9.5 million Series B round from Tudor Ventures, The Exxel Group, Morningside Technology Ventures and .406 Ventures.
3 min read · 21 November 2008
BSquare Corp. (Nasdaq: BSQR) has acquired the assets of TestQuest, a San Mateo, Calif.–based provider of test automation and management solutions for mobile and embedded devices and applications. The deal is valued at $2.2 million in cash. TestQuest had raised over $48 million in VC funding since ijts 1993 inception. Recent backers included Norwest Venture Partners, Needham Asset Management, RRE Ventures, Brightstone Capital and Gabriel Venture Partners.
3 min read · 21 November 2008
Goodmail Systems Inc., a Mountain View, Calif.-based provider of an email certification platform, has raised $20 million in new VC funding. Bessemer Venture Partners led the round, and was joined by return backers SoftBank Capital, DCM and Emergence Capital Partners. The company has now raised over $44 million.
3 min read · 21 November 2008
