Sofinnova Exclusively dedicated to Life Sciences investments, Sofinnova Capital VII is amongst the largest funds in Europe Press release > Sofinnova Partners is an independent venture capital firm based in Paris. Over the past 40 years, the firm has financed and accompanied almost 500 companies. Draper Esprit Latest investment made to spearhead Travelport’s mobile growth strategy Langley, UK: July 7, 2015: Travelport Worldwide Limited (NYSE: TVPT), a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry, has acquired Mobile Travel Technologies Ltd (MTT), a private company based in Dublin, Ireland. MTT provides an industry-leading mobile travel platform and product set that allows airlines, hotels, corporate travel management companies and travel agencies to engage with their customers through sophisticated, tailored mobile services including apps, mobile web and intelligent mobile messaging.
(Founder Stories) Fred Wilson Explains Why He Wouldn’t Invest In Groupon Or Pandora Few VCs have a hotter hand right now than Fred Wilson. His firm, Union Square Ventures, is an investor in Twitter, Zynga, Foursquare, Tumblr, Etsy, Clickable, and more . In this episode of Founder Stories, he talks to host Chris Dixon about Union Square’s investment thesis has changed from going after all web apps to companies that are “building a large networks of engaged users.” (Watch the video above).
Case Studies With more than 240,000 contractors residing outside the United States, Upwork faced the challenge of paying the many thousands living in locations with unreliable banking networks and a lack of wire transfer capabilities. It needed to find a means of providing its contractors with immediate access to cash in hand. The company sought a fast, secure and cost-effective solution that would allow it to make automated global payments. Read More >> Blog - BiotechLikemind BiotechLikemind is an online community for people interested in biotech and life sciences. It's a place where you can meet, and interact with, bio-entrepreneurs and inventors, investors and industry experts. If you have a biotech idea or question, you can post it as a discussion and get feedback from our community. If you have a patented technology, you can use our platform to do market research and technology valuation. If you are looking for a job, you can reach out to industry professionals and become part of discussions to raise your profile. If you are looking to employ, you can find search for people with the skills and attitudes you require.
China Cracks $64 Billion `Underground Bank' Moving Money Abroad China said it cracked the nation’s biggest “underground bank,” which handled 410 billion yuan ($64 billion) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in capital outflows that have hit records this year. More than 370 people have been arrested or face lawsuits or other punishment in the case centered in eastern Zhejiang province, the official People’s Daily reported on Friday, citing police officials. The case brought the total for underground banking and money-laundering activities to 800 billion yuan since April, the newspaper said. The probe began in September last year and the police took almost a year to sort through more than 1.3 million suspicious transactions, the state-run Xinhua News Agency reported separately. The authorities froze more than 3,000 bank accounts, Xinhua said. Global Flows
Startup Incubator TechStars Invades New York City When it comes to seed investing, New York City is becoming a hotbed. And now TechStars, the incubator that began in Boulder. Colorado and has spawned nearly 40 startups, is coming to New York. This will be the fourth (and supposedly last) city TechStars expands to, according to CEO David Cohen (the other two are Boston and Seattle). TechStars is accepting applications for the New York City Class of 2011, which will start in January.
Wealth Managers Exit India as Millionaires Hard to Entice Krishnan Ganesh, who sold his online-tutoring company in Bangalore for $213 million, is the type of client that attracted global wealth managers to India. His refusal to use them helps explain why some are leaving. “Private bankers in India do limited value-addition,” said Ganesh, 52, whose experiences with them fed a conclusion that they pushed commissioned products for their own benefit rather than his. “In India, there’s a lack of alignment between a private banker and an individual’s needs.” Skeptical clients like Ganesh are just one roadblock money managers have confronted in catering to millionaires in India, where rising wealth is estimated to quadruple to 380 trillion rupees ($6.3 trillion) from last year’s levels through 2018. Regulatory crackdowns, lack of convertibility of the rupee and a preference for real estate investing add to the challenge.
David G. Cohen David G. Cohen is the Founder, Managing Partner and CEO of TechStars, a mentorship-driven seed stage investment firm. He has founded four companies, including Pinpoint Technologies (Broomfield, CO, public safety software, acquired by ZOLL Medical Corporation in 1999), iContact.com (Boulder, CO, mobile social networking, defunct), earFeeder.com (Boulder, CO, acquired by SonicSwap) and TechStars. He is also an active angel investor nationally managing about $70M in funding. David blogs at DavidGCohen.com.