Funding
Molecular Templates gets USD 8.5 million in Series C round
Molecular Templates scored USD 8.5 million in its Series C round led by Excel Venture Management. Biopharmaceutical company Molecular Templates Inc closed its Series C financing with USD 8.
Lime Rock closes third fund with USD 750 million
Lime Rock closed its third fund with USD 750 million in capital commitments. Private equity company Lime Rock said it was able to close Lime Rock Resources III with capital commitments amounting to USD 750 million.
Google Ventures leads USD 12 million Series B funding round for Enterproid
Google Ventures led the Series B funding round for software firm Enterproid, of which the round raised USD12 million.
Fenergo secures EUR 4 million in funds from Ulster Bank Diageo Venture Fund
Software company Fenergo raised EUR 4 million from Investec Ventures-backed Ulster Bank Diageo Venture Fund.
Latest News
Monomoy Capital Partners would acquire Escort Inc through the credit assistance of Monroe Capital. A funding worth USD78. 5 million senior secured credit facility was put in place by Monroe Capital to support the acquisition of Escort Inc.
Albion Ventures had decided to invest in Aridhia for its cutting edge informatics platform. One of the largest venture capitalists in the United Kingdom, Albion Ventures, had led a substantial investment in health and biomedical informatics company Aridhia Informatics Ltd.
Twitter Inc would be valued at most USD20 billion post-IPO (initial public offering), said hedge funds Ironfire Capital LLC and Gamco Investors Inc.
The initial public offering of Stock Spirits Group would value the company at GBP 420 million or USD 675 million.
Michael Smith, current Australia and New Zealand Bank CEO, in an interview with Bloomberg's Susan Li said Hong Kong is the stepping stone towards China.
A source said Vodafone Group Plc was not interested in bidding for Telecom Italia's Tim Participacoes SA.
A report released by the National Venture Capital Association showed a record USD4.1 billion was raised by 54 venture capital firms in the past 12 months.
Digital Generation (DG) announced its recent acquisition of Republic Project for USD1.4 million in cash and target-based earn-out payments.
New venture fund Flint Capital announced that it had invested an undisclosed amount in Russian task assignment platform startup Youdo.com.
In an announcement today, former executives of Finam Global launched Flint Capital, a USD30 million fund that is focused on placing investments in Internet and innovative hardware startups.