Third Rock Ventures raises $516 million fund

Third Rock Ventures raises $516 million fund

SAN FRANCISCO, March 25 (Reuters) – Healthcare-oriented venture firm Third Rock Ventures said it had raised a $516 million fund, its third, even as healthcare investing endures something of a slump. Investors have cooled on the sector due to factors including...

Apple buys ‘indoor GPS’ company WifiSLAM for $20M

Apple Insider 23 March 2013 Apple recently closed a deal worth about $20 million to acquire WifiSLAM, a Silicon Valley firm focused on building technology that affords users positioning data while indoors. The Wall Street Journal was able to confirm the acquisition...
Neo Capital bags Italy luxury brand Valextra

Neo Capital bags Italy luxury brand Valextra

MILAN, March 22 (Reuters) – London-based investment firm NEO Capital has bought a majority stake in Italian luxury handbags maker Valextra in expectation of a possible initial share offering. On Friday Milan-based Valextra, known for its leather handbags in...