Rob Young has joined ORIX Venture Finance as a principal, and head of the firm's new London office. He previously was CFO of venture firm Balderton Capital. PRESS RELEASE ORIX Venture Finance, a leading provider of senior debt capital to later stage venture capital-backed companies, today announced that it has opened its London office. Rob […]
Isconova AB, a Swedish developer of vaccine adjuvants, has raised around $5 million in VC funding from InnovationsKapital. PRESS RELEASE Isconova AB, announced today that it has secured financing of 30 million Swedish kronor from InnovationsKapital, a leading Nordic venture capital firm, and a group of private investors. Isconova is a pioneer in vaccine adjuvant […]
AniBoom, an independent animation network for both the web and television, has raised $10 million in Series B funding. Draper Fisher Jurvetson and DFJ Tamir Fishman Ventures were joined by return backer Evergreen Venture Partners. AniBoom is based in Israel, and also has a San Francisco office. PRESS RELEASE aniBoom, the premier independent animation network, […]
Andrew Terry has joined the Chicago office of Ropes & Gray as a partner in the law firm's private equity group. He previously was with Kirkland & Ellis. Also joining are Justin Choi, counsel coming over from Andrew Corp. and Neill Jakobe, senior associate who previously worked in Morgan Stanley's financial sponsors group. PRESS RELEASE Ropes […]
NEW YORK (Reuters) – Private equity company the Carlyle Group CYL.UL plans to announce it has hired Wachovia Corp (WB.N: Quote, Profile, Research, Stock Buzz) Corporate Treasurer James Burr as a managing director focusing on financial services investments, the Wall Street Journal reported on Friday. Burr spent 16 years at Wachovia in various executive roles […]
(Reuters) – Barclays Plc (BARC.L: Quote, Profile, Research, Stock Buzz) may need to raise a further 9 billion pounds in capital, according to analysts at Citigroup, who also said the British bank could take further significant write-downs as credit market conditions continue to deteriorate. Barclays, Britain's third largest bank, said on Wednesday it raised 4.5 […]
VentureBeat is reporting that Microsoft has agreed to acquire Powerset Inc., a San Francisco-based developer of a natural language search engine. The deal is expected to be formally announced next month, with a sale price in the ballpark of $100 million. Powerset raised $12.5 million in Series A funding in late 2006, at a post-money […]
Joe Levy has joined Canopy Ventures as technologist-in-residence. He previously was CTO of SonicWALL, a network security infrastructure company. PRESS RELEASE Canopy Ventures today named Joe Levy as the firm's Technologist-in-Residence. Levy, a recognized expert and author on network security issues, joins Canopy from SonicWALL, Inc., the leading network security infrastructure company where he […]
Wi-Chi Inc., a Tualatin, Ore.-based mixed-signal fabless semiconductor startup, has raised $7 million in Series A funding, according to a regulatory filing. New Enterprise Associates led the deal, with Forest Baskett and Rohini Chakravarthy taking board seats. www.wi-chi.com
Helix Micro, a Milpitas, Calif.-based battery cell and power management startup, has secured $12.3 million of a $25.75 million Series B round, according to a regulatory filing. Shareholders include Prudent Venture Investment Corp. (Taiwan), Amprex Technologies Ltd. (Hong Kong) and TechGains Funds. www.helixmicro.com