A large investment in a renewable energy firm helped Los Angeles-area companies record a 33% jump in venture capital funding in the second quarter, bucking the national downward trend, according to a report scheduled for release Saturday. The greater Los Angeles region received $415 million in investment, compared with $313 million in the same period last year, research firm ... [full story]
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Boise probably won’t become the next venture-capital hotbed any time soon because the metro area produces one or two deals a year considered fundable, said Mark Solon of Highway 12 Ventures. Deal volume has not increased much compared to that found in neighboring states, he said. But Solon likes what he sees in the Boise area. The venture capitalist ... [full story]
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Clean technology grew in strength in the United States as increasing amounts of venture capital flowed into the sector in the second quarter of 2008, a new study has shown. There was no slowdown for the surging clean tech sector, which includes such fields as alternative energy, energy efficiency, recycling and water purification and conservation, said the study ... [full story]
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Eleme Medical plans to take its laser and light energy cellulite zapping technology into commercial application after receiving $18 million of investment capital and the backing of a couple big names. Hambrecht & Quist Capital Management has joined forces with L Capital Partners in backing Eleme in its efforts to smooth the thighs and buttocks of the world. The ... [full story]
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Venture Capital (VC) firms invested $158 million over 26 deals in India in the three months to June, marginally lower than the $163 million they invested over 25 deals a year earlier, according to a study by Venture Intelligence in partnership with the U.S.-India Venture Capital Association. The latest figures take venture investments during the six months to June ... [full story]
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Gaia Online, one of the world's fastest-growing online hangouts for teens, says it has attracted $11 million in a new round of venture funding led by Institutional Venture Partners (IVP). "Social networks and virtual worlds are constantly evolving as users become more involved and embedded, and at Gaia Online we are focused on bringing 'Gaians' experiences they will not ... [full story]
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AgilCor, Inc. - In an effort to offset rising fuel prices, IFTA Plus announces a new ‘Refer-a-Friend’ program starting July 1, 2008 allowing any company to get IFTA fuel tax preparation through IFTA Plus’s online software tools. For each referred and paying IFTA Plus customer, your company is credited $25, the cost of preparing a ... [full story]
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Earned Income Tax Credit (EITC) Regional Outreach Coordinators and volunteer tax preparers from throughout West Virginia gathered on Monday, June 23, 2008 at the Clay Center for a day of recognition and thanks. The West Virginia Alliance for Sustainable Families, West Virginia Department of Health and Human Resources, and Internal Revenue Service sponsored the third annual EITC Volunteer Celebration ... [full story]
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An Ann Arbor-based venture capital firm has begun raising money for a $30 million technology growth fund to be based at Oakland University. While two existing VC firms in Oakland County specialize in specific niches, the new fund would be the first general-purpose VC fund in Oakland County. Plymouth Venture Partners expects to complete an initial closing of ... [full story]
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Venture capital firms are finding it increasingly difficult to tap market funds for initial public offers and merger deals, making exit strategies difficult. No venture-backed firm had entered the market with an initial public offer in the second quarter of 2008, according to reports. The start-up community is in a capital-markets crisis, the first time in three years, as ... [full story]
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When looking for a venture capital company it's important that you do your homework first. If you've ventured onto venture capital websites yet you'll have figured out that each venture capital company has a different set of funding requirements for the companies that they consider investing in. For instance, some venture capital companies will only invest in start ups, while ... [full story]
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Investments From Techfund and Credit Agricole Private Equity Validates Miyowa's Leadership in the Mobile Applications Market and Aids in Expansion to the U.S. and Singapore Miyowa, a dynamic global company providing compelling instant messaging and presence enriched Mobile Web 2.0 technologies, today announced completion of a second round of financing of US$8 million bringing the company's total financing to ... [full story]
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Last year, clean technology venture capital poured into California at an unprecedented rate. Nearly 1.8 billion dollars were invested in California companies - that's almost a 50 percent increase over the year before. What opened the floodgates? Multiple factors but perhaps the most significant was the passage of the Global Warming Solutions Act (AB 32). Before AB 32's ... [full story]
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Sasken Communication Technologies Ltd, the Bangalore-based embedded communications solutions provider, said in its annual report for 2007-08 it invested about Rs 5.9 crore in the US-based venture capital firm OmniCapital as equity. In a letter to shareholders, Mr Rajiv Mody, Chairman and Managing Director, Sasken, said the investment provides opportunities for mutually beneficial strategic partnerships with OmniCapital portfolio companies. ... [full story]
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he technology bubble popped years ago, but the downsizing of the venture industry continues. venturewireThere were 844 venture firms investing in U.S. companies last year, 40 fewer than in 2006, according to the latest data from VentureSource, a research unit of VentureWire publisher Dow Jones. That is down 30% from the bubble year of 2000, when there were nearly ... [full story]
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Meritage Pharma Inc. , a newly formed specialty pharmaceutical company, announced on June 16, 2008 that they have secured a $22.5 million financing. The main investors include venture capital companies: Domain Associates , Latterell Venture Partners and The Vertical Group . Meritage is a privately held company operating in the pharmaceutical market. The company develops several prescription products. They ... [full story]
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The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available. --Beeco: RTI International and Intersouth Partners co-led a $5 million Series A funding round into semiconductor company Beeco. The financing will be used to launch the company, expand its management team and continue ... [full story]
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Seattle's Madrona Venture Group is announcing today that it closed its fourth venture fund, raising $250 million to continue investing in early-stage Northwest technology startups. "We're going to stick to what has worked well," said managing director Matt McIlwain. McIlwain noted that among Madrona-backed companies, four were sold and one went public in the past 18 months. ... [full story]
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One of the venture capital funds managed by University of Michigan students is investing $71,000 in a Flint company that has technology creating an adhesive coating for plastic. Beholztech Inc. was founded by Lars Beholz, a Kettering University visiting associate professor. His technology creates a less toxic adhesive coating for polyolefin plastic, a flexible kind of plastic. The company ... [full story]
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Venture capital database VentureDeal is pleased to announce the release of complimentary Venture Capital Funding and M&A Quarterly transaction reports. The reports are exclusively sponsored by GVA Kidder Mathews, the only commercial real estate company with a dedicated life science & cleantech team. Covering the first quarter of 2008, the reports provide a combination of notable transactions, insights into ... [full story]
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Given the economic challenges that both Michigan and the nation are facing, we need to remain both optimistic and realistic about growth. We must continue to believe in the long-term importance and vitality of the region. With the right strategic support from our business community and the political community, we can thrive and succeed. It will take some belt-tightening, ... [full story]
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argets Accelerated Growth in Mobile Location-Based Services deCarta, the leading supplier of software and services for the Location-Based Services (LBS) industry, announced today that it has received a strategic investment of 6-million dollars (USD: 55.00, -1.89, -3.32%) from T-Mobile Venture Fund managed by T-Venture, the venture capital arm of Deutsche Telekom AG. T-Mobile Venture Fund joins deCarta's existing premiere ... [full story]
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The New Mexico Venture Capital Association reported $31.1 million in new investments in 10 local companies during the first quarter of 2008. The latest association survey, released May 28, reported seven early stage "series A" investments from January-March, totaling $8.7 million. It also counted three later-round "series B" deals worth $22.4 million. Lawrence Chavez, NMVCA board member and ... [full story]
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After purchasing Metalmark Capital LLC, Citigroup Inc. plans to shutter an internal U.S. mid-market buyout group that it launched less than a year ago. Citigroup has parted ways with all but one of the eight investment professionals of Citi Venture Capital, with only the team's original head, William Comfort, still in place. His current role is unclear. The ... [full story]
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Shanghai-based venture capital firm Qiming Venture Partners has closed its second fund, Qiming Venture Partners II, on $320m, exceeding its target of $300m. The fund will continue the firm's focus on early stage and select growth and expansion stage investments in the healthcare, technology, media and internet and consumer sectors. Investors in the fund include institutional investors from around the ... [full story]
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Qiming Venture Partners (“Qiming”), a premier venture capital fund investing in China with affiliate offices the United States, today announced the closing of its second fund, Qiming Venture Partners II (“Qiming II”), raising $320M from top global institutions. The fund will continue to focus on investments in the healthcare, technology, media and consumer sectors and will continue to draw on ... [full story]
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Looking past the economic downturn, big companies are charging back into venture capital, seeking new technology and teaming with start-ups and venture firms, according to a Gannett News Service report. In the highest numbers since the dot-com boom era of 2000 and 2001, corporate venture capital funds last year invested in 21 percent of 3,900 start-up deals and poured ... [full story]
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Venture capitalists are pumping money into consumer and business service firms in India and China as those nations play catch-up in the global economy, according to a snapshot of startup activity from Dow Jones VentureSource. "My big theme these days is venture capital in transition," said Jessica Canning, director of global research in San Francisco. She reported on venture ... [full story]
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Sidbi Venture Capital (VC) is planning to launch a new fund targeted at the small and medium enterprises (SME) segment early next year. The new fund will be announced once the SME fund is fully deployed by the year-end, Chief Executive Officer Anil Kapur said on the sidelines of a press conference to announce an investment of Rs 30 ... [full story]
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Belgian chemicals and pharmaceuticals company Solvay SA. said it has joined the Capricorn Cleantech venture capital fund which focuses on start up, early and development stage investments in clean technology-based growth companies across Europe. The fund totals more than 100 million euros and Solvay will act as a strategic partner. Other investors include utility Suez SA (nyse: SZE ... [full story]
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Venture capital investment in China was up to $719m across 39 deals during the first quarter of 2008 from $492m in the first quarter of 2007, with media and advertising companies accounting for the bulk of deal activity and investment, according to the China Quarterly Venture Capital Report released by Dow Jones VentureSource. However, deal count was the lowest the ... [full story]
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A Kentucky venture capital firm recently opened its Michigan office in Ann Arbor, the firm announced late last week. Chrysalis Ventures invests in young growth companies in the Midwest and the South, and has invested in Ann Arbor-based HealthMedia Inc. In February, Chrysalis announced it closed its fourth fund at $163 million, which included the state venture capital ... [full story]
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