150 Views

Samsung Electronics to buy VC-backed SmartThings

Samsung Electronics has agreed to acquire SmartThings. No financial terms were disclosed. Headquartered in Washington, D.C., SmartThings is a provider of a platform that connects the internet to everyday items. SmartThings’ backers include Greylock Partners, Highland Capital Partners, First Round Capital, SV Angel, Lerer Ventures, A-Grade and CrunchFund.

8445312427_373ca7c84a

Samsung Unveils $100M Seed Fund, Vows To Expand Venture Investing

Samsung Electronics unveiled a $100 million seed fund to support innovation in components and subsystems related to its broad product line of televisions, cell phones, computers and other digital devices. The Korean manufacturer also said it plans to increase its corporate venture investing this year

Samsung and Handmark Form Mobile VC Fund

Samsung Electronics and VC-backed mobile app company Handmark are partnering to form a global venture capital fund that would invest in “market-changing game ideas for next generation Samsung mobile phones.” Each investment would be $250,000. Handmark backers include Apax Partners, Argnor Wireless Ventures,Borealis Ventures, Motorola Ventures and Village Ventures.

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget