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RichRelevance, a San Francisco-based provider of personalized ecommerce recommendations, has raised $4.2 million in Series B funding. Greylock Partners and Tugboat Ventures were joined by return backers DFJ and Draper Richards. PRESS RELEASE richrelevance�, which powers next generation personalized recommendations for eCommerce businesses, announced today that the company has raised $4.2 million of […]
Squadron Capital of Hong Kong next month plans to begin raising a $400 million fund-of-funds focused on Asian markets like China and India, according to Reuters. It closed a $300 million Asian fund-of-funds just two months ago, but has already committed approximately 70% of it via 14 fund investments.
UK-listed private equity firm 3i has sold its stake in German cleantech company hte AG to European chemical firm BASF. Financial details of the deal have not been disclosed. 3i invested in the Heidelberg-based business in 2003, since when the company has diversified its customer portfolio and tripled its revenues. hte stands for high throughput […]
MeeVee Inc., a Burlingame, Calif.-based provider of online video entertainment search solutions, has put itself up for sale. In a press release, the company that the the “accelerated development of the online entertainment market” has led the company to determine that “combining with an established player will maximize the potential for the community, technology and […]
Bridgelux Inc., a Sunnyvale, Calif.-based provider of LED technology for the solid-stage lighting market, has raised $40 million in Series D funding. The round includes $30 million of equity and a $10 million line of credit. VentureTech Alliance led the deal, and was joined by return backers DCM, El Dorado Ventures, VantagePoint Venture Partners, Chrysalix […]
BEIJING (AP) – Intel Corp.'s venture capital arm said Tuesday that it has set up a new $500 million fund to invest in Chinese technology startups. The new fund, Intel Capital China Technology II, will invest in Chinese companies involved in wireless broadband, technology, media, telecommunications and environmentally friendly technologies, the world's largest computer […]
Jerry Rao and Amit Sharma have joined the Indian affiliate of New Enterprise Associates as venture advisors. Rao previously was chairman and CEO of MphasiS, and previously helped build Citibank's consumer business in India. Sharma currently is with American Tower Corp. as an executive VP and president of Asian operations. PRESS RELEASE Leading venture […]
BPL Global Ltd., a Sewickley, Penn.
Xtera Communications, an Allen, Texas-based provider of optical networking and services, has acquired Meriton Networks Inc., an Ottawa-based metro optical networking company. No financial terms were disclosed. Xtera has raised over $218 million in total VC funding, from firms like The Wellcome Trust, New Enterprise Associates and Arch Venture Partners. Meriton had raised […]