Oz raises $34M more for mobile messaging
OZ, a Montreal consumer mobile messaging company, said it has raised USD$34 million in a second round of financing.
Leading the second round is the Caisse de dépôt et placement du Québec, a Canadian institutional fund manager. VantagePoint Venture Partners, a Silicon Valley-based venture capital firm which led OZ’s first $27.3 million round of financing, also participated, along with Fonds de Solidarite (FTQ), a Canadian capital investment fund.
The company’s software, downloaded onto cellphones, enables… Continue Reading
Kleiner hires Asian medical marketing expert, James Li
Big-name Silicon Valley venture capital firm Kleiner Perkins has hired as partner a former marketing director of Merck & Co with expertise in Asia.
The appointment, first reported by VentureWire (sub required) this morning, is significant because the partner, James Li (see bio here), will be spending most of his time in China, another sign that Kleiner is taking the region more seriously. Not long ago, the firm has been skeptical of the worth of investing… Continue Reading