Intel and Greycroft Partners have jointly invested USD10 mln in Fortumo, an Estonian mobile payment solutions provider seeking growth investment. The target company was formerly owned in majority by parent company MobiSolutions, which will continue to remain a shareholder. As part of its major operations ramp-up, Fortumo has entered into independent  agreements with China Mobile [...]

Chip-maker Intel’s investments, mergers and acquisitions wing, Intel Capital, has recently led a round of funding for Russian online marketplace Eruditor. The USD 4 mln joint investment by Intel and Runa Capital will be used to increase the company’s team strength and explore additional vertical offerings. The group currently offers services from over 90,000 professionals [...]

Intel Capital, the investment wing of chip-maker Intel, forges ahead in the Russian VC circuit with its latest investment, this time in Russian online shopper’s club and ecommerce portal KupiVIP.ru. The USD 38 mln round was led by Intel Capital, with top investors like EBRD, Accel Partners, Balderton Capital and Action Capital. The target company [...]

Speaktoit, a start-up technology company specializing in developing utilities based on conversational language, has bagged a round of funding from Intel’s investment wing, Intel Capital.

The South African media and online business giant Naspers has announced the purchase of a majority stake,  around 80 percent, in Netretail Holding for nearly EUR 230 million. Netretail Holding (www.nrholding.com ) Netretail, founded in 2000 by Ondřej Fryc, Peter Burcal and Jan Mensik, the Czech internet retailer company has become  a market leader in the CEE in [...]

AlterGeo, in its latest round of funding, raised what is to be believed to be between USD 5 and 10 million through Intel Capital and Almaz Capital, in exchange for a 25% share in the company. In a previous round of funding, AlterGeo was able to raise USD 1 million through Kite Ventures and AddVenture. [...]

Sapato.ru the Russian online shoe retailer, comparable to Zappos, has raised USD 12 million in a new funding round. A majority of the USD 12 million came directly from Intel Capital. Previous investors such as Kinnevik, Direct Group and eVenture Capital accounted for the remaining balance. In a previous round of funding, Sapato was able [...]

AlterGeo, in its latest round of funding, raised what is to be believedt o be between USD 5 and 10 million through Intel Capital and Almaz Capital, in exchange for a 25% share in the company. In a previous round of funding, AlterGeo was able to raise USD 1 million through Kite Ventures and AddVenture. [...]

Russia’s Rock-Flow Dynamics (RFD) has its foot in the U.S. door after securing USD 2 million in funding from California-based Intel Capital. RFD will use the funds to expand sales and marketing around the world as well as establish a new U.S.-based office in Houston, TX. So far in 2010, Intel Capital has invested more than USD [...]

Despite persistent rumors of a possible IPO from AVG Technologies, CEO and President J.R. Smith continues to insist that no such plans are in the works. His latest rebuttal comes after a recent report by the Reuters news service that shareholders were considering an IPO that could be potentially worth €300 million to €800 million. [...]

MCI Management has teamed up with Intel Capital and NetCentrum’s Ondra Tomek in an investment deal worth €11 million. The trio have pumped the funding into Netretail, a holding company operating Czech online shopping portal, mall.cz. Intel Capital and MCI Management contributed €5 million each while Tomek contributed €1 million. For Intel Capital, the investment [...]

LogMeIn, a Company that develops software for controlling computers via remote connections, has announced updated plans for their pending IPO. The Woburn, MA Company began the IPO process in January 2008, but has opted to hold off on its IPO plans until the economy showed signs of recovery. The update plans included filing new registration [...]

The global investment organization from Intel Corporation, Intel Capital, has invested into three different UAE companies. The technology firms are Conservus International FZ-LLC, Pulse Technologies FZ-LLC and Vertex Animation Studios FZ-LLC. Funding from the USD 50 million Intel Capital Middle East and Turkey Fund will help grow and develop the companies by extending product offerings [...]