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Notable Venture Capital-Backed Deals - 5 – 8 November 2012

by Kevin Smith

  • 08 Nov 2012
  • PE

In the venture capital sector this week, Andreessen Horowitz-backed Fab.com acquired India-based True Sparrow Systems for an undisclosed sum. Fab.com has raised $171mn since 2010, and is valued at over $600mn.

US-based ServiceMax secured $27mn series D investment led by Crosslink Capital. The investment round also included return backers Emergence Capital Partners, Mayfield Fund, and Trinity Ventures. ServiceMax was founded in 1999 and has raised $51mn in venture capital funding since 2010.

SnapVolumes raised $2.3mn angel funding from TiE Angels and other individual investors. SnapVolumes focuses on application lifecycle management in virtual, cloud and physical environments, and is based in California. Elsewhere, Canada-based NodeFly raised $800,000 in seed financing from Shasta Ventures and other unspecified investors.

Ziarco, a newly created clinical stage biotechnology company based in the UK, has secured a £3.75mn series A investment, co-led by Biotechnology Value Fund and BVF Partners. Pfizer Venture Investments also participated. The £3.75mn is the first tranche of a £16.8mn total offering amount.

Based in Singapore, LoveByte recently raised an undisclosed amount of seed financing from Crystal Horse Investments and Ruvento Ventures. LoveByte is a mobile app that provides a private space for two to communicate.

So far this year there has been $42bn in venture capital raised by businesses globally, spanning 4,987 deals. North America has seen the most venture capital deal activity, representing 70% of total deals completed this year. Europe, Asia, and Rest of World (comprising Africa, Australasia, Central and South America) saw 18%, 10%, and 2% of deal activity respectively.

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