Boston Venture Capital Fund Plans to Strength Local Startups

A Boston-based venture capital fund Atlas Venture is planning to stoke the laggard New England technology startup scene.

The firm recently formalized a group called Boston Syndicates, known as BOSS, after starting it earlier this year. BOSS is made up of 23 New England-based entrepreneurs and investors, who can band together to raise money for local technology companies. Once they invest in a Boston-area startup, Atlas will put an additional $250,000 into the company.

“We wanted to give easier access to capital to the tech industry in the Boston-area, which has been lagging behind Silicon Valley,” Jeff Fagnan, a partner at Atlas, said in an interview.

Atlas is pushing the program after New England, which had a plethora of technology startups more than a decade ago, has fallen behind other regions in entrepreneurship. The San Francisco Bay area is the top hub for technology investments and startups formation, while New York City surpassed Boston to take the second spot in 2010, said Anand Sanwal, chief executive officer of CB Insights, a New York-based venture capital research firm.

Source: Bloomberg

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Boston, Boston Venture Capital, Atlas Venture, New England Technology Startup, Technology Startup, Boston Startup, Startup, Boston Syndicates, BOSS, Silicon Valley Jeff Fagnan, San Francisco, New York City, Anand Sanwal, CB Insights, New York, New York Venture Capital.


Venture Capital Trust Fund Grows Initiatives to Fund Agriculture in Ghana

Venture Capital Trust Fund is establishing a Soya Value Chain Project in Ghana with the objective of financing of seed germination and production of soya beans for the poultry industry.

The initiative of the Venture Capital Trust Fund (VCTF) targets nucleus farmers, out-growers and farmer-based organizations to benefit from the project.

The value chain intervention strategies seek to build partnerships with key institutions, especially incubators and centres of innovation, to promote entrepreneurship with the aim of covering research findings into potential business proposals and viable businesses for funding.

“It is expected that this collaboration and the associated research thereof will go towards improving productivity and economic outputs from the Soya industry,” said the Trust Fund’s Chief Executive Officer, Daniel Duku.

Since its inception in 2006, the Trust Fund has disbursed $3.5million in agricultural value chain financing of cereals and grains for the poultry, livestock and brewery industries.

Source: GhanaWeb

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Venture Capital Trust Fund, Soya Value Chain Project, Ghana, Daniel Duku.


Ukraine’s First Trade Association

Private equity and venture capital firms are hoping to draw attention to the industry in Ukraine with the launch of the country’s first trade association for firms in the PE and VC sector.

The Ukrainian Venture Capital and Private Equity Association was formed last week with the aim of shaping “the future direction of the private equity industry by promoting investment opportunities in Ukraine, representing interests of private equity investors to policymakers and improving [the] investment and business climate in Ukraine.”

Founder Jaanika Merilo said that the group has 32 members of which 18 are private equity and venture capital firms and the remainder are firms or institutions associated with private equity. “The message is: Keep investing in Ukraine. It’s the best way to change perception,” said Ms. Merilo.

Members include AVentures, Ukrainian Partners and the Warsaw Stock Exchange.

The conflict in Ukraine has prompted some private equity firms to look at their exposure to Russia. The Blackstone Group scrapped plans to hire Moscow-based Dmitri Kushaev as a senior adviser, while Kurt Bjorklund, co-managing partner of London-based firm Permira, quit the board of the Russian Direct Investment Fund in August.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Ukraine Private Equity, Ukraine Venture Capital, Ukrainian Venture Capital and Private Equity Association, Jaanika Merilo, AVentures, Ukrainian Partners, Warsaw Stock Exchange, Russia, Blackstone Group, Moscow, Dmitri Kushaev, Kurt Bjorklund, London, Permira, Russian Direct Investment Fund.


Argus Cyber Security Scores $4M in Series A Venture Funding

The automotive cyber security company Argus Cyber Security reported that it has raised the amount of $4 million in Series A funding in a round led by Magma Venture Partners and Vertex Venture Capital.

The round included Magma Venture Partners and Vertex Venture Capital, two leading venture capital funds, and a group of prominent investors including Zohar Zisapel, founder of the RAD Group.

As cars become connected to the Internet and to external devices such as smartphones, smart keys, diagnostic tools and other vehicles, the more vulnerable they are to cyber-attacks. These malicious intrusions may compromise a vehicle’s Electronic Control Units (ECUs), allowing manipulation of a car’s engine, brakes, airbags and other safety systems or vehicle components.

Argus provides the automotive industry a unique Intrusion Prevention System (IPS), based on patent-pending Deep Packet Inspection (DPI) algorithms. It prevents a vehicle’s critical components from being hacked in real-time and can be seamlessly integrated into any vehicle production line. The Argus IPS also generates reports and alerts for remote monitoring of a vehicle’s cyber health.

Source: AftermarketNews

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Automotive Cyber Security Company, Argus Cyber Security, Magma Venture Partners, Vertex Venture Capital, Zohar Zisapel, RAD Group, Electronic Control Units, ECUs, Intrusion Prevention System, IPS, Deep Packet Inspection, DPI.


Tallwood Venture Capital Pours into Ikanos Communications

Ikanos Communications, Inc., a broadband communications semiconductor and software supplier, announced it has raised $16.25 million in new round of funding from Tallwood Venture Capital and Alcatel-Lucent.

They will purchase respectively USD 11.25 million and USD 5.0 million in Ikanos shares at a price of USD 0.41 per share. Alcatel-Lucent also agreed to loan the company up to USD 10.0 million and will work with Ikanos on the development of ultra-broadband products. In addition, Tallwood agreed to purchase an additional USD 11.25 million of stock at the same per share price.

In order to offer the company’s other stockholders the same ability as Tallwood to purchase shares, Ikanos will register a rights offering of 144.9 million shares. Tallwood has indicated its intention to purchase, between its initial purchase of USD 11.25 million in the private placement, and the rights offering, an aggregate of USD 22.5 million of stock. Subject to the over-allotment option available to all stockholders, including Tallwood, and to Alcatel-Lucent’s purchase of USD 5.0 million of common stock in the private placement, any stockholder purchasing its pro rata share in the base offering will not be diluted by virtue of Tallwood’s share purchase.

Source: Telecompaper‎

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Ikanos Communications, Inc., Broadband Communications Semiconductor, Software Supplier, Tallwood Venture Capital, Alcatel-Lucent.


Adaptimmune Raises $104M to Develop New Cancer Treatments

A biotechnology company Adaptimmune Ltd. which has offices in Oxford, England, and Philadelphia, has raised the amount of $104 million in its series A venture capital round of funding to develop new cancer treatments.

The series A venture capital financing round was led by New Enterprise Associates of Menlo Park, Calif. Other investors included the University of Oxford, OrbiMed Advisors, Wellington Management Co., Fidelity Biosciences, Foresite Capital Management, Ridgeback Capital Management, Novo A/S, QVT, Rock Springs Capital, venBio Select and Merlin Nexus.

Adaptimmune plans to use the proceeds from the stock sale to advance the development of its experimental products for multiple cancer indications. The company’s initial targets are multiple myeloma, melanoma, sarcoma and ovarian cancer.

Founded in 2008, Adaptimmune is developing T-cell therapy to treat cancer and infectious disease. The approach involves strengthening the ability of the body’s own immune defense-system machinery (T-cells) to target and destroy cancerous or infected cells.

Adaptimmune opened a U.S. office in the University City Science Center in 2011. In June, the company entered into a collaboration and licensing agreement, valued at up to $450 million, with GlaxoSmithKline.

Source: Philadelphia Business Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Biotechnology Company, Adaptimmune Ltd., Oxford, England, Philadelphia, Cancer Treatments, New Enterprise Associates, Menlo Park, California, University of Oxford, OrbiMed Advisors, Wellington Management Co., Fidelity Biosciences, Foresite Capital Management, Ridgeback Capital Management, Novo A/S, QVT, Rock Springs Capital, venBio Select, Merlin Nexus, T-Cell Therapy, US Office, University City Science Center.


Agrisoma Biosciences Secures $8M in Series A Round

Cycle Capital Management, a private equity and venture capital firm specializing in start-ups, early, mid, and late venture stages, has led an $8 million series A funding round for a Canadian agricultural technology company Agrisoma Biosciences Inc.

Cycle Capital Management led the round and was joined by existing investor BDC Venture Capital, Gatineau, Quebec-based Agrisoma said in a statement Sept. 26.

The company’s Resonance Carinata plant is in commercial production in the U.S. and Canada and the funding will help Agrisoma expand to “multiple locations globally,” according to the statement. Carinata, a non-food oilseed, is one of four crops certified as sustainable by the Roundtable on Sustainable Biomaterials.

Source: Bloomberg

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Cycle Capital Management, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Startup, Canada, Canadian Agricultural Technology Company, Agrisoma Biosciences Inc., BDC Venture Capital, Gatineau, Quebec, Resonance Carinata, US.


Comprimato Secures €1M from Venture Capital Backers

Former backers Credo Ventures and Y Soft Venture Capital invested the amount of €1 million in Comprimato, a Brno, Czech Republic-based provider of JPEG2000 GPU-based compression solutions.

The company intends to use the funds to expand both sales as well as the technology.

Founded by Jiri Matela, CEO, as a spin off from Prague-based research institute CESNET, Comprimato provides its compression solution to the digital cinema market and secured numerous clients including Digimetrics or Stanford University. It is also in negotiation with major global players in various fields including military and health applications.

Source: FinSMEs

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Credo Ventures, Y Soft Venture Capital, Comprimato, Brno, Czech Republic, JPEG2000 GPU, Jiri Matela, Prague, CESNET, Digimetrics, Stanford University.


Magma Venture Partners Completes Fundraising for Its Fund IV

An Israeli venture capital firm with $500 million under management Magma Venture Partners, is pleased to announce that has raised the amount of $500 million for its newest fund entitled Magma Venture Capital IV with $150 million in new committed capital.

The fund, which was oversubscribed within weeks of its announcement, comes on the heels of a third fund raised in early 2012, Magma said.

The new fund will continue Magma’s focus of investing in information, communication technology including mobile, cloud, new media, software as a service, e-commerce and cyber security.

The fund will invest with Israeli entrepreneurs in earlier stages of development. It is expected to begin investing in early 2015 in 25 to 30 companies with typical investments of $500,000 to $6 million.

Magma’s past investments include Waze, which was acquired by Google, and Onavo, which was bought by Facebook.

Source: Reuters

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Israel, Israeli Venture Capital, Magma Venture Partners, Magma Venture Capital IV, Waze, Google, Onavo, Facebook.


Atlas Venture Adds Jason Rhodes as Partner

Jason Rhodes has been appointed by Atlas Venture, an early-stage venture capital firm that invests in technology and life sciences startup companies, as life sciences partner, announced the venture capital firm.

Rhodes was most recently the president and chief financial officer at biopharma company Epizyme. Epizyme develops clinical stage solutions for the care and prevention of certain genetically defined cancers, with two programs in the clinical testing phase. Under Rhodes’ leadership, Epizyme grew from a private, non-equity backed research-stage product platform to a publicly-traded company that has been valued at $1 billion (its current market cap is $894.01 million).

Additionally, Rhodes has a fair amount of experience in venture capital; he helped found Fidelity Biosciences, the firm’s investment division focused on biopharmaceutical companies, medical technology, and healthcare IT.

Rhodes is no stranger to the Boston biotech community as well. “I have been in biopharma for my entire career, and I spent the past 16 years within a half a mile of Kendall Square,” he said.

Source: BetaBoston

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Jason Rhodes, Atlas Venture, Technology Startup, Life Sciences Startup, Epizyme, Fidelity Biosciences, Medical Technology, Healthcare IT, Boston, Kendall Square.


Venture Capitalists Back Argus Cyber Security with $4M

Magma Venture Partners and Vertex Venture Capital, two leading venture capital funds, and a group of prominent investors including Mr. Zohar Zisapel, led a $4M in series A funding round for Argus Cyber Security, a pioneer in automotive cyber security, according to the backed company announcement.

As cars become connected to the internet and to external devices such as smartphones, smart keys, diagnostic tools and other vehicles, the more vulnerable they are to cyber-attacks. These malicious intrusions may compromise a vehicle’s Electronic Control Units (ECUs), allowing manipulation of a car’s engine, brakes, airbags and other safety systems or vehicle components.

Argus provides the automotive industry a unique Intrusion Prevention System (IPS), based on patent-pending Deep Packet Inspection (DPI) algorithms. It prevents a vehicle’s critical components from being hacked in real-time and is seamlessly integrated into any vehicle production line. The Argus IPS also generates reports and alerts for remote monitoring of a vehicle’s cyber health.

Mr. Zisapel, Co-Founder of the $1.2B RAD Group, who is considered by many as one of the “Founding Fathers” of Israel’s High-Tech Industry, has co-founded Argus and serves as its Chairman of the Board. Following this round, Mr. Ran Achituv, General Partner, Magma Venture Partners and Mr. Yoram Oron, Founder and General Partner, Vertex Venture Capital, joined the company’s board.

Source: PR Newswire UK

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Magma Venture Partners, Vertex Venture Capital, Mr. Zohar Zisapel, Argus Cyber Security, Intrusion Prevention System, IPS, Deep Packet Inspection, DPI, Israel, Mr. Ran Achituv, Magma Venture Partners, Mr. Yoram Oron, Vertex Venture Capital.


China’s InnoLight Technology Corporation Raises $38M in Series C from Google Capital

Chinese high-speed optical transceiver supplier InnoLight Technology Corporation has raised the amount of $38 million in series C funding round from Google Capital, which was Google’s first investment in China.

The backing marks the first investment foray into China for Google’s venture capital business, and its second in the greater Asian market.

The Suzhou-based company began life as a startup in 2008, according to its website, and has since built up a distribution partner network that extends as far afield as Japan, North America, Europe, Korea, and Russia, with company offices in the United States and Taiwan.

InnoLight chief executive officer Dr Sheng Liu said that the company would use the new capital to ramp up its production capacity in order to tap into the burgeoning cloud storage industry and become a world-class optical component company.

Source: ZDNet

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, China, InnoLight Technology Corporation, Google Capital, Asia, Asian Market, Suzhou, Startup, Japan, North America, Europe, Korea, Russia, United States, Taiwan, Dr Sheng Liu.


Battery Ventures Buys Precision Engineering Company James Heal

Battery Ventures, a venture capital and private equity partnership, has acquired precision engineering company James Heal after 68 years under the same family ownership, terms of the deal were not disclosed.

The Halifax-based firm, which has a £10m turnover and employs 100 people, was sold to Battery Ventures for an undisclosed sum.

The firm, which was founded in 1872 by George James Henry, provides testing solutions to a number of industries including textiles all over the world.

It was bought by engineer Harry Repper in 1946 and his son, David, took over at the helm in 1982.

Amanda McLaren, the company’s manufacturing director, will take over the role of managing director from Mr Repper following the acquisition.

Mr Repper will continue to be involved as a consultant to James Heal on a part-time basis to assist with product development, customer relations and operations, and also to help to ensure a smooth transition period.

Source: Yorkshire Post

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Battery Ventures, James Heal, Halifax, Halifax Venture Capital, George James Henry, Harry Repper, Amanda McLaren.


More Venture Capital Deals Happen in Singapore

About 40 percent of all startup acquisitions has occurred in Singapore, and more venture capital deals happen in the region than in neighboring countries.

Last year, $454 million worth of venture capital deals were done in Singapore, compared with $918 million invested in the rest of Southeast Asia, according to a report from the Singapore Venture Capital and Private Equity Association (SVCA).

That sum funded 73 start-ups here, up from 41 in 2012, said the association, which did the survey with private equity research firm Preqin earlier this year.

Acquisitions hit a high of 13 start-ups sold for a total of over US$300 million last year, said local VC firm Monk’s Hill Ventures. In 2012, only four start-ups were acquired.

This is only the tip of the iceberg as the research combed only publicly available financial data. Other acquisitions where details were not disclosed were not covered.

Source: China Post

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Startup, Singapore, Southeast Asia, Singapore Venture Capital and Private Equity Association, SVCA, Preqin, Monk’s Hill Ventures.


Angel Investors and Venture Capitalists are Pouring into Minnesota’s Life-Science Companies

The amount of $273 million has been invested into Minnesota’s young life-science companies by individual “angel” investors and venture capitalists so far this year in promising medical technology, pharmaceutical, biological and health IT companies.

That’s more than was raised in 2010, 2011 or 2012, according to Minnesota LifeScience Alley, the industry association.

“We’re now experiencing what I think can be characterized as a pretty healthy investment environment,” said Shaye Mandle, CEO of LifeScience Alley. “Our data demonstrates that in a tough, complex market … companies are finding dollars. Minnesota is doing better, while most other states aren’t.”

Mandle and others expect 2014 to top last year’s $326 million in investment, making it the best year since the Great Recession. In 2012, health-sciences investment hit a low of $215 million amid concerns over lengthy federal regulatory approvals of new medical devices and drugs, and a sense that the state had lost the edge that helped mold companies like Medtronic and St. Jude Medical.

Source: Minneapolis Star Tribune

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Minnesota, Minnesota’s Life-Science Companies, Angel Investors, Venture Capitalists, Medical Technology, Pharmaceutical Company, Biological Company, Health IT Company, Minnesota LifeScience Alley, Shaye Mandle, Medtronic, St. Jude Medical.


Former Female Venture Capitalist Launches Online Startup

True & Co., an online emporium of underthings, strode through a San Francisco Victoria’s Secret and stopped behind a mannequin wearing a houndstooth printed g-string, has been launched by Michelle Lam, a former principal at Bain Capital Ventures.

She launched True & Co in 2012 after a frustrating shopping trip. She realised she could use her experience in data analysis and management, and her insights into the problems women encounter while shopping, to launch her own start-up. By crunching data on return rates and customer feedback and using that to redesign and launch products quickly, she says True & Co can make better fitting clothes.

Female start-up founders remain a minority but Lam, who was the first female principal at Bain Capital Ventures, is one of a growing number in Silicon Valley specialising in ecommerce. “We’re at the point in history when we have more experienced women who have exactly the background that VCs trust – and the observations as to how to tackle a space — that are the hallmarks of a good entrepreneur,” says Anna Zornosa, founder of ecommerce clothing company Ruby Ribbon.

Fourteen per cent of venture capital investments this year in the US have gone to companies founded or co-founded by a woman but the figure for ecommerce start-ups is higher and rising quickly, according to PitchBook, a VC and private equity research firm. Among ecommerce companies, nearly 40 per cent of the start-ups winning venture capital backing were founded or co-founded by women, according to PitchBook. That is up from below 20 per cent in 2009.

Source: Gulf News

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, True & Co., Online Emporium, San Francisco, Victoria’s Secret, Michelle Lam, Bain Capital Ventures, Startup, Online Startup, Female Startup, Silicon Valley, Anna Zornosa, Ruby Ribbon, Ecommerce Startup, PitchBook, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company.


eBay’s Pierre Omidyar Sets up $200M Venture Capital

eBay’s founder Pierre Omidyar has joined hands with four governments for the launch of a $200 million venture capital fund to support innovation and entrepreneurship in developing countries.

The Global Innovation Fund, backed by the Omidyar Network, the US government agency USAID, the UK’s Department for International Development, and the governments of Sweden and Australia, aims to support the Millennium Development Goal of ending extreme poverty by 2030. It has $206m in seed capital from its five partners, and is looking to raise further capital from private investors.

“It’s going to include early stage investing, because that’s where you see the innovation,” said Matt Bannick, managing partner of the Omidyar Network. This stage is seen by many investors as too risky to be attractive, he said: “If we can de-risk that innovation and get it to a point where other investors take an interest, that’s the idea.”

The fund will support piloting, testing and scaling of concepts with the potential for huge social impact. Investments will be from $50,000 to $15m in the form of grants, loans and equity investment.

Source: Financial Times

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, eBay, Pierre Omidyar, Global Innovation Fund, Omidyar Network, US, US Government, USAID, UK, Sweden, Australia, Matt Bannick, Omidyar Network.


Singapore’s Ascendas Joins Forces with Venture Capital Firm

Saigon Bund Capital Partners, a venture capital firm, has teamed up with Ascendas, Singapore’s leading business park developer, to build a $130 million (S$164.6 million) park in Ho Chi Minh City.

Yesterday, the two partners received their investment certificate at a ceremony witnessed by Emeritus Senior Minister Goh Chok Tong.

Mr Goh, who is on a four-day visit to Vietnam, told top city officials he met that Singapore’s significant property investment in Ho Chi Minh City signals its confidence in Vietnam’s future.

This latest business park, to be called OneHub Saigon, will be ready in seven years’ time.

Mr William Tay, Ascendas’ South-east Asia chief executive, said it is eyeing high-tech manufacturers and companies in information technology, media and outsourcing to occupy the park.

“Vietnam is moving towards a knowledge-based industry, and we want to capitalise on that growth,” he added, noting that Vietnam is aggressively promoting a “technology corridor” of science and research-based companies, much like Singapore’s corridor comprising the Science Park, National University of Singapore and the Nanyang Technological University.

The new business centre is Ascendas’ second in Vietnam. The first is a 500ha park in northern Binh Duong province, built for manufacturers.

Source: AsiaOne

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Saigon Bund Capital Partners, Ascendas, Singapore, Emeritus, Goh Chok Tong, Vietnam, Mr William Tay, Science Park, National University of Singapore, Nanyang Technological University, Binh Duong.


The Growth of Technology Sector in Wisconsin

Bill Linton, a smart young entrepreneur, in 1984 stood up in front of a group of investors at the first Madison Venture Fair talked about a company that was selling molecular biological products, such as enzymes and nucleic acids, to researchers and laboratories.

That company is now called Promega. Along with 11 other companies, mostly in their early stages, Promega was one of the first presenters in a conference format that has endured in various forms since 1984. Known the past 10 years as the Wisconsin Early Stage Symposium, it was previously the Madison Venture Fair, the Wisconsin Venture Fair, the Wisconsin Venture Conference and the Wisconsin Life Sciences Venture Conference.

By whatever name, the annual match-making event has introduced up-and-coming companies to prospective investors and contributed to Wisconsin’s high-growth economy.

This year’s event, set for Nov. 12-13 in Madison, will again provide platforms for emerging companies to pitch their ideas and business plans. Those 40 or so companies will range from firms that have raised angel or venture capital in the past to first-time presenters with little more than a compelling idea.

Source: Wisconsin State Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bill Linton, Madison Venture Fair, Promega, Wisconsin Early Stage Symposium, Madison Venture Fair, Wisconsin Venture Fair, Wisconsin Venture Conference, Wisconsin Life Sciences Venture Conference.


Venture Capital Accelerator Joins Forces with Zions Bank

Zions Bank has teamed up with a venture capital accelerator, which is planning to expand into Idaho.

The Wayne Brown Institute has helped companies raise more than $8 billion in its 30-year history, according to Zions Bank. It’s seeking mentors, sponsors and companies in need of investors.

The institute wants seasoned business people, serial entrepreneurs, investors and students to help companies in Idaho.

It’s working with Zions Bank’s Business Resource Center at Eighth and Main in Boise.

Source: Idaho Press-Tribune

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Zions Bank, Venture Capital Accelerator, Idaho, Wayne Brown Institute, Business Resource Center.


SBA Strengths Its Impact Investment Fund

Impact Investment Fund, a venture capital program for “impact investments”, has been boosted by its creator Small Business Administration (SBA).

SBA’s Impact Investment Fund was created in 2011 as part of the agency’s already-existing Small Business Investment Companies program. The agency has been allocating $200 million in SBA-guaranteed debt to the Impact Investment Fund, which is then available to SBICs that are licensed as Impact SBICs. These SBICs commit to investing at least 50 percent of their capital in impact investments. Like other SBICs, they can get $2 of SBA-guaranteed debt for every $1 in capital they raise from investors, such as banks, pensions funds or wealthy individuals.

The Impact Investment Fund was created as a five-year pilot. On Thursday, the SBA announced it would continue the fund beyond 2016.

Source: San Antonio Business Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Impact Investment Fund, Impact Investments, Small Business Administration, SBA, Small Business Investment Companies, Banks, Pensions Funds, Wealthy Individuals.


Software Firm Centage Secures $9.5M in Equity Backing

Centage Corporation, a Natick-based provider of budgeting and forecasting software, has been backed by TVC Capital, a boutique San Diego private equity firm, with $9.5 million.

It focuses on small and medium size businesses and seeks to simplify the process. Centage has more than 600 customers in many markets, including insurance, nonprofit organizations and manufacturing.

The money will be used to expand the company’s product portfolio to include cloud-based software. It also will go toward marketing efforts both domestically and internationally.

TVC Capital specializes in investments in software firms. Northgate Capital also participated in the funding round. Northgate is a private equity and venture capital investment firm with $4 billion in assets under management.

Source: U-T San Diego

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Centage Corporation, Natick, Forecasting Software, TVC Capital, San Diego Private Equity, Boutique Private Equity, Northgate Capital, Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry.


Hawaiian Entrepreneurs with More Opportunities of Investment

Hawaii Venture Capital Association discussed about crowdfunding, royalty finance and syndicate funds to invest into entrepreneurs in Hawaii.

Entrepreneurs in Hawaii have more opportunities for investment past the usual friends and families and venture capital sources.

Crowdfunding, royalty finance and syndicate funds were just some of the options discussed at the monthly Hawaii Venture Capital Association’s luncheon on Thursday.

HVCA board member Rob Robinson said most startups operate by bootstrapping, and do not receive money from venture capital or other investments. He said 90 percent of startups receive money from the three Fs – Founders, Friends and Families. For many innovative startups, the route to funding goes from bootstrapping to angel investors, venture capital, followed by non-financial corporations, equity markets and then commercial banks.

Source: Pacific Business News

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Hawaii Venture Capital Association, HVCA, Crowdfunding, Royalty Finance, Syndicate Funds, Hawaii, Rob Robinson, Startup.


Skillz Inc. Banks $3M in Equity Funding and $3M in Venture Debt

Andrew Paradise, the CEO of Skillz Inc., the Angry Birds, Fruit Ninja or Candy Crush creator, announced it has raised $3 million in equity funding and $3 million in venture debt to bring play-for-cash functionality to mobile games.

Skillz’s lead investor is Boston-based Atlas Venture, with other backers including NextView Ventures and individuals angels Mark Jung, the former CEO of digital entertainment website IGN, and Chris Gaffney, the co-founder of Great Hill Partners.

Atlas Venture has also backed Draft Kings, a company that offers daily fantasy sports games played for fun or cash stakes.

Such games are “skills-based” rather than games of chance, explains Atlas Venture Partner Jeff Fagnan, so they’re not considered to fall in the category of online gambling.

The market is embracing these games, both in terms of consumer adoption and as a new model that can help game studios monetize their creative work.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Andrew Paradise, Skillz Inc., Angry Birds, Fruit Ninja, Candy Crush, Boston, Boston Venture Capital, Atlas Venture, NextView Ventures, Mark Jung, IGN, Chris Gaffney, Great Hill Partners, Jeff Fagnan.


Superpedestrian Eyes to Expand Its Hybrid Bicycle System

Spark Capital, General Catalyst and distinguished group of individual investors injected into Superpedestrian Inc. the amount of $4 million to finance the release of its Copenhagen Wheel, a high-tech system that turns standard bicycles into hybrid electric bikes.

Superpedestrian, creators of the Copenhagen Wheel, was honored today when the design world came together to celebrate the laureates of the Red Dot: Design Concept Awards 2014. The Copenhagen Wheel emerged as an award winner from a record 4,791 entries hailing from 63 countries, receiving the “Best of the Best” in the category of mobility. Moreover, of three finalists, the Red Dot jury selected the Copenhagen Wheel as the winner of the Red Dot: Luminary – the highest Red Dot distinction given.

The award comes on the heels of a new round of $4 million in funding from lead investor Spark Capital, General Catalyst and a distinguished group of individuals including Oscar-winning actor Jared Leto and former Akamai CEO Paul Sagan. The funding will fuel production of the Wheel and the expansion of Superpedestrian’s team of robotics engineers, manufacturing specialists, designers and software developers.

Source: VentureFizz

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Spark Capital, General Catalyst, Superpedestrian Inc., Copenhagen Wheel, Hybrid Electric Bikes, Red Dot, Design Concept Awards 2014, Jared Leto, Akamai, Paul Sagan.


Agrisoma Reveals First Closing of Its Series A Financing Round

An agriculture technology company Agrisoma Biosciences Inc. reported the first closing of its Series A financing round.

The funding round was led by Cycle Capital Management and included participation of BDC Venture Capital, one of Agrisoma’s current equity investors.

Steven Fabijanski, President and CEO stated, “We are very proud to include an experienced team like Cycle Capital Management as a new partner in our business. We welcome their expertise and network. We are also very excited to have one of our current equity partners, BDC Venture Capital, continue their support of the company as we focus on expanding our commercialization to new regions of production.”

Source: Canada NewsWire

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Agriculture Technology Company, Agrisoma Biosciences Inc., Cycle Capital Management, BDC Venture Capital, Steven Fabijanski, BDC Venture Capital.


Real Estate Crowdfunding Platform Fundrise Adds $3.6M into Initial Round

Fundrise, the most well-financed of a new crop of startups pooling investors to back real estate projects, has raised an extra amount of $3.6 million to its Series A funding round, reaching a total mark of $38 million.

New investors in the Series A round, which remains open, include Guggenheim Partners, Rockrose President Justin Elghanayan and James Ratner, the chairman and chief executive of Forest City Commercial Group.

Its lead investor is the Chinese social networking company Renren Inc., whose chairman and CEO, Joseph Chen, is on Fundrise’s board.

Fundrise continues to look for high-caliber institutional investors who can help the business, according to co-founder and President Daniel Miller.

“We overcapitalized ourselves, not just for technology, but we need a balance sheet to be credible to real estate companies and investors,” Mr. Miller said. “We want to be around for the long haul.”

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Fundrise, Startup, Real Estate, Real Estate Crowdfunding, Real Estate Crowdfunding Platform, Real Estate Fund, Guggenheim Partners, Justin Elghanayan, James Ratner, Forest City Commercial Group, China, Chinese Social Networking, Renren Inc., Joseph Chen.


Venture Capital Trusts Performance Rises 10% in 2014

The amount of new capital brought in Venture Capital Trusts (VCTs) during 2013-2014 climbed by 10 percent or £40 million, official government statistics reveal.

As part of yearly figures released by the government, which are generated from a number of sources, a total of £440 million of VCT fundraising has been recorded for the period between 6 April 2013 and 5 April 2014.

Since being introduced by a Conservative government in 1995, the VCT scheme has encouraged individuals to invest directly into a range of unquoted smaller, higher-risk trading companies. VCTs are listed on a UK stock exchange and are exempt from corporation tax on any capital gains arising on disposal of investments.

For a company to qualify for VCT investment, it must have less than 250 full-time staff and possess growth assets not exceeding £15 million before, or £16 million immediately after, investment.

Other tax reliefs available include income tax relief at the rate of 30 per cent up to £200,000 annual investment and no income tax payable on dividends.

Source: GrowthBusiness

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Venture Capital Trusts, VCTs, UK Stock Exchange.


Standard Chartered’s Private Equity Buys An Giang

Standard Chartered Private Equity Ltd, the private equity and venture capital arm of Standard Chartered PLC, has acquired stake in An Giang Plant Protection JSC from Vietnam-focused investment company VinaCapital Vietnam Opportunity Fund Ltd.

VinaCapital will sell its 23.6% stake in An Giang, the Vietnam-based pesticides maker, for USD63.1 million in cash.

Andy Ho, Chief Investment Officer at VinaCapital, said the proceeds from the divestment will be used to pursue some potential private equity investment opportunities and to fund its ongoing share buyback programme.

“This significant divestment highlights the quality of VinaCapital’s overall investment portfolio and provides further evidence to support our belief; that VinaCapital’s share price to net asset value discount is too wide,” Ho added.

Source: London South East

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Standard Chartered Private Equity Ltd, Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Standard Chartered PLC, An Giang Plant Protection JSC, Vietnam, VinaCapital Vietnam Opportunity Fund Ltd, Andy Ho.


Sequoia Capital Joins Numerify Partners Series B Round

Sequoia Capital led the $15 million series B financing round for Numerify, a cloud-based analytics company focused on the Business of IT.

Numerify has received a total of more than $23M in financing to date, including a Series A round of $8.25M led by Lightspeed Venture Partners, who also participated in the Series B round. Other investors in Numerify include Amit Singh, president of Google for Work, Deep Nishar, senior vice president of products & user experience at LinkedIn, and Lane Bess, former CEO of Palo Alto Networks. In conjunction with this news, Doug Leone, partner at Sequoia Capital, will join Numerify’s board of directors.

“Most IT executives are ‘flying blind’ when it comes to understanding the financial and operational dimensions of their service delivery, and they don’t usually have the money, time, or talent to invest in the type of analytics solution needed to effectively run IT like a business,” said Doug Leone, partner at Sequoia Capital and board member at ServiceNow. “Numerify’s IT Business Analytics application solves this problem beautifully–with the entire stack in the cloud–making it fast and easy for customers to arrive at precise and actionable insights.” Leone goes on to discuss why he invested in Numerify in this video available on the Numerify website.

Source: CNBC

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Sequoia Capital, Numerif, Cloud Analytics Company, IT Business, Lightspeed Venture Partners, Amit Singh, Google, Deep Nishar, LinkedIn, Lane Bess, Palo Alto Networks, Doug Leone, ServiceNow.


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