Connie Loizos
Vortex Engineering, an India-based company that produces ATMs for remote relocations, has raised the U.S. equivalent of $6.9 million, from Tata Capital, Aavishkaar and existing investors in the company, including Bamboo Finance and Venture East. PRESS RELEASE: Chennai, Tamil Nadu, India, Thursday, December 15, 2011 — (Business Wire India) Funds managed by Tata Capital, Aavishkaar […]
Publicly traded STMicroelectronics, a Geneva-based global semiconductor company, announced today the launch of ST New Ventures, its corporate venture capital fund. ST New Ventures will be an ST fully owned subsidiary headquartered in Geneva, Switzerland, led by Loic Lietar, Managing Director. PRESS RELEASE: GENEVA, Dec. 15, 2011 /PRNewswire/ — STMicroelectronics (NYSE: STM), a global semiconductor leader […]
After Zynga goes public tomorrow, hundreds of its employees may see their wealth soar into the millions of dollars. The same appears true for possibly thousands of Facebook employees, when it holds its offering next year. But while Silicon Valley appears awash in easy money once again, the reality is that getting rich at a startup has never been […]
Trupanion, a 12-year-old, Vancouver-based company that sells pet insurance, has raised $9 million, from the Highland Consumer Fund and Maveron, the Seattle-based venture capital firm. To date, Trupanion has raised $37.1 million, including from Maveron, the company’s first institutional investor. It entered the U.S. market in 2008, opening its U.S. office in Seattle. PRESS RELEASE: […]
Cambridge, Mass.-based ImmusanT, Inc. announced today it has raised $20 million in Series A financing from Vatera Healthcare Partners to advance the development of its immunotherapeutic vaccine Nexvax2®, companion diagnostic and monitoring tool for celiac disease. Vatera Healthcare Partners is a venture capital firm established by Michael Jaharis, founder of Kos Pharmaceuticals,a specialty pharmaceutical company […]
San Francisco-based Getaround, which has created a peer-to-peer carsharing marketplace that enables car owners to rent their cars, has partnered with the city of Portland, Ore., to launch its service in the city in February of next year. The company also raised a $1.7 million financing of federal funding. PRESS RELEASE: The City of Portland […]
Well, it’s time again for our semi-annual “overrated” list, a completely subjective analysis of things that we (I) could have stood to read a little less about in 2011 — not because the persons or companies included did too much in the way of self-promotion as received an inordinate amount of attention. I’m guessing I’ll […]
FreedomPop, an L.A.-based, still-mostly-stealth start-up company that hopes to provide Americans broadband and voice services for free, has signed a wholesale network agreement with Reston, Va.-based broadband network LightSquared to offer no-cost 4G service, starting next year. FreedomPop was founded by Skype co-founder Niklas Zennstrom and his venture capital firm Atomico. starting next year. PRESS […]
On Monday, more than 500 outlets reported that Facebook is acquiring the location-based startup Gowalla, which will shutter in January. Gowalla’s team will now work on Facebook’s new Timeline feature. The acquisition was unexpected for several reasons, including that Austin-based Gowalla has been eating Foursquare’s dust for some time. There were also niggling questions over […]
The Seattle-based life sciences company AquaLive Technologies announced today that its subsidiary, AquaLiv, has in hand a conditional commitment letter from an undisclosed investment group that intends to provide it with $50 million. The company expects to receive its first payment next year. PRESS RELEASE: AquaLiv Technologies, Inc. /quotes/zigman/6590042 AQLV +390.91% subsidiary, AquaLiv, Inc., announces it […]