Monthly Archives: May 2003
Business & Media: MANAGEMENT: Cleaning up on bright ideas: Unilevers venture capital arm invests in exploring the commercial potential of new ideas
IT SEEMED like such an excellent idea. Launched by Unilever four years ago, My Home aimed to promote the consumer giant’s Persil and Cif cleaning brands while introducing a bit of professionalisminto the domestic cleaning and laundry market. ‘It started […]
Cordiant stakes its future on a pounds 50m double sell-off
Cordiant, the troubled advertising group, is ready to announce two vital disposals, the pounds 25m sale of its financial PR business Financial Dynamics and a A$63m (pounds 25.4m) deal for itsAustralian business, George Patterson Bates. The two sales are crucial […]
City prepares lifeboat for life insurers
A GROUP of senior insurance industry executives and venture capital firms are drawing up radical plans to bail out dozens of Britain’s beleaguered life insurers. The consortium is understood to be planning to create a vehicle backed by more than […]
Making capital gain still the venture ; Frank Holmes explains what drives the deal
VENTURE capital is a term used to describe money invested on risk basis. According to Frank Holmes of Cardiff-based Gambit Corporate Finance there are few true venture capitalists in the UK. The word venturer, he believes, has disappeared from the […]
600 biotech capitalists in venture to Capital
EDINBURGH is to host one of the world’s biggest life science investment conferences a year from now, it has been announced. More than 600 top venture capitalists are expected to converge on the city next May when BioEquity Europe comes […]
Kodiak Venture Partners’ Dave Furneaux to Discuss Data Networking Market at TiECON 2003; Furneaux to Share Perspective on Areas of Growth and Opportunity
WAKEFIELD,Mass.–(BUSINESS WIRE)–May 23, 2003–Dave Furneaux, Managing General Partner at Kodiak Venture Partners, will participate in a panel of industry veterans, representing viewpoints from theenterprise, service provider, venture capital, and global research communities, who will share their perspectives on areas of […]
Pennsylvania Technology Company Receives $2.50 Million; HyperNex, Inc. Closes Second Funding Round
STATE COLLEGE, Pa.–(BUSINESS WIRE)–May 23, 2003–HyperNex, Inc. today announced the completion of a $2.5 million venture capital funding round, led by Draper Triangle Ventures with new investmentsfrom CID Equity Partners and Draper Fisher Jurvetson. Existing investors, Staley Capital Partners and […]
Former Massachusetts Leader Swift Joins Boston Firm That Invests in Education
May 23–Former acting governor Jane Swift, entering the venture capital world that Mitt Romney left to run for her office, has taken a job at Arcadia Partners, a Boston-based firm that invests infor-profit training and education companies. Swift, 38, began […]
Three Professionals Create $125 Million Investment Fund in Austin, Texas
May 23–A venture capitalist, an entrepreneur and a seasoned investment manager have partnered to launch a $125 million investment fund in Austin. Blue Sage Capital is the first fund created in Austin in at least two years, said Kirk Walden, […]
Building An Ideas Company ; Accelerator Aims To Lure Best Concepts In Biotech Industry
Seattle’s biotechnology industry yesterday received another booster shot. Three of the country’s top-tier venture capital firms joined with Alexandria Real Estate Equities and Leroy Hood’s Institute for Systems Biology to create Accelerator Corp., a Seattle firm that will incubate new […]
Raleigh, N.C.,-Based Network Security Firm Completes Second Financing Round
May 23–RALEIGH, N.C.–Network security company CipherOptics has completed its second round of financing with $9.6 million coming from an existing backer and some new investors. CipherOptics, formed in 2000, will spend the money on sales, marketing and the development of […]
VC investment slumps on SARS fears
Venture capitalists in China are suffering from the spread of SARS in the country, but their enthusiasm will return in the third and fourth quarters with record investment, a major domestic venturecapital (VC) research firm stated yesterday. “Owing to the […]
