In the venture capital space this week, Facebook snapped up Israel-based Face.com, which specialises in face recognition technology, for an undisclosed sum. This is the fifth add-on deal Facebook has made this year, which includes the $1bn acquisition of Instagram in April 2012. Face.com was previously backed by Rhodium and Yandex.
Elsewhere, UK-based Oxford Immunotec, a medical diagnostics company developing tests for infectious and immunological diseases, raised $28mn in new equity financing this week. Invesco Perpetual and Imperial Innovations both co-led the financing round along with returning backers Clarus Ventures, DFJ Esprit, Dow Chemical Company, Kaiser Permanente Ventures, National Technology Enterprises Company, New Leaf Venture Partners, SPARK Ventures, University of Oxford Staff Pension Scheme, and Wellington Partners. Oxford Immunotec has raised a total of $110mn since it was established in 2002.
In the US this week there has been several notable seed capital deals completed across the internet and healthcare sector. New York and San Francisco based VHX, raised $1.25mn in seed capital led by Lerer Ventures and included Bedrocket Media Ventures. VHX is an online platform that lets video-makers sell their videos online, from their own websites, direct-to-fans.
Iconfinder, the search engine that operates as a provider of high quality icons for webdesigners and developers, successfully raised $1.5mn in seed financing from Denmark-based venture capital firm, Vaekstfonden.
After previously raising $250,000 in May 2011, eMerge Health Solutions has just completed another round of funding. Returning investor CincyTech added a further $850,000 in seed capital to the company along with other individual investors.