Intellectual Ventures raises $12m for its spin-off Kymeta from Bill Gates and other investors including media company Liberty Global.
Intellectual property firm Intellectual Ventures (IV) has announced that it has raised a $12m venture round to launch its spinoff Kymeta which attracted investment from Bill Gates.
Joining Microsoft’s chairman and founder are Liberty Global, an international media company owned by investor John C. Malone, and Lux Capital, a venture firm that invests in early-stage tech companies.
IV, which was founded by former Microsoft executive Nathan Myhrvold, will also remain as an investor in the company.
Kymeta will be developing…
