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Page 460

Motricity buys Adenyo

Motricity will pay an initial $100m in cash and potentially shares with up to a further $50m in performance fees based on targets for the next 12 months for Adenyo.

Feb 3, 2011

NDI starts commercial fund

A quarter of the money for NDI Medical's fund came from the Ohio state and the rest from undisclosed investors.

Feb 3, 2011

Companies back Startup America Partnership

More than a dozen firms and organizations have joined the Startup America Partnership, including Facebook. Hewlett-Packard (HP), IBM and Intel, as well as private equity firm Blackstone Group's charitable foundation and non-profit Network for Teaching Entrepreneurship.

Feb 1, 2011

Five US hospital groups raise fund

Community Health, LifePoint Hospitals, Vanguard Health Systems, Iowa Health System and Trinity Health, which in aggregate have more than 400 hospitals, will provide the $10m to corporate venturing fund, according to news provider The Tennessean.

Jan 29, 2011

Energy Technology Ventures raises $300m

Industrial conglomerate General Electric (GE), energy utility NRG Energy and oil major ConocoPhillips have provided undisclosed-sized tranches of the $300m to launch Energy Technology Ventures.

Jan 28, 2011

Citrix launches seed fund

The multi-million dollar Citrix Startup Accelerator will invest in technologies or business models that can extend the Citrix virtual computing solution portfolio and those where anyone can work and play from anywhere on any device.

Jan 27, 2011

Yet2.com starts venturing fund

The Yet2Ventures fund will provide follow-on investment and liquidity to small companies.

Jan 26, 2011

CoorsTek provides $3m for EmiSense

EmiSense started in November 2009 after the merger of assets by Innovate! Technology and CoorsTek, which has just provided a further $3m.

Jan 26, 2011

Tencent starts $760m fund

The launch of Tencent's RMB5bn ($760m) Industrial Win-Win corporate venturing fund is the second biggest of the past year.

Jan 26, 2011

SAP sets up $350m fund

SAP Ventures Fund I will invest in software and software-enabled service companies globally and builds on the team's work since 1997.

Jan 21, 2011
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