Index Ventures infuses biotech and cleantech with $438.8M
Index Ventures just announced the closure of a $438.8 million fund intended to finance young biotechnology and cleantech portfolio companies. This is the sixth seed and early-stage fund the London-based firm has raised. Perhaps best know for its prescient investments in technologies like Skype, MySQL (sold to Sun Microsystems for $1 billion) and Betfair, Index has been relatively insulated from the economic downturn and is looking to expand its reach in the health care and… Continue Reading
Roundup: MyHeritage raises funding, news feed psychology, Bell drops “basic research,” and more
Here’s the latest action:
Genealogy site MyHeritage raises $15 million — The Israel-based company has grown from 17 million to 25 million registered users over the past year. Investors include Index Ventures and Accel.
High-imaging satellite GeoEye-1 launches — It claims to take the highest-resolution images of any commercially-available satellite — enough to “show home plate on a baseball diamond.” Google has an exclusive contract to this satellite’s images. [Image of GeoEye launch site, using GeoEye.]
The psychology of news… Continue Reading
Roundup: Veoh sues, MySpace’s tiny profit, Nirvanix, Wikipedia’s color-coding, more
Here’s the latest action:
Veoh Networks files preemptive suit against Universal Music Group — Veoh, the San Diego video start-up we’ve written about, said it filed the suit to assert its rights as a copyright-compliant company after UMG threatened it with litigation.
Geni gets cloned by a German Verwandt, but there’s also Israeli MyHeritage — Verwandt, the German copycat of the family tree social network company Geni, told us last month it had raised financing from Neuhaus Partners, and… Continue Reading