Chinese online retailer Jumei seeks to raise $400 mln for IPO

According to an SEC filing, Jumei International Holding Limited has filed for a $400 million IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be determined. Goldman Sachs (Asia), Credit Suisse and J.P. Morgan will serve as lead underwriters. Based in Beijing, Jumei, which is backed by Sequoia Capital and Ventech, is an online retailer.

Oktogo Acquires Russian Travel Portal Travel.ru

Oktogo, the company operating Russia’s major hotel e-commerce business, Oktogo.ru, has acquired Travel.ru, a Russian online travel portal. Oktogo.ru backers include VTB Capital, Mangrove Capital Partners, Ventech and ABRT.

Crocus Technology Secures $45m Series D

Crocus Technology, a developer of magnetically enhanced semiconductor technologies for mobile security, embedded microcontrollers, harsh environment electronics and magnetic sensors, has raised 34 million euros ($45 million) in additional capital. A new private investor, Industrial Investors, joined the round led by Idinvest Partners. Major investors Sofinnova Ventures, Innovation Capital, Nanodimension and Ventech also participated.

Boehringer Ingelheim Acquires Rights to Funxional Programme

Pharmaceutical company Boehringer Ingelheim is to acquire the global rights to Funxional Therapeutics‘ FX125L compound and somatotaxin programme. Funxional Therapeutics was founded by David Grainger with initial investment from Index Ventures and Novo A/S in 2006 and Ventech leading a Series B financing. PRESS RELEASE Today, Boehringer Ingelheim, one of the world’s leading pharmaceutical companies, […]

Top 10 European Venture Investors in Asia by Deal Value, YTD

European venture firms are realizing the importance of a global footprint and Asia is the sought-after location of the moment for these LPs. In this slideshow, peHUB takes a look at the top ten European venture investors in Asia by deal value so far this year.

China is the Asian country of choice in 2011 for European venture firms with eight companies attracting European venture commitments in this top ten.

Private equity and venture capital firms invested $22.8 billion in Chinese companies by the end of the third quarter, according to a joint study by Deutsche Börse and CMS Hasche Sigle presented as part of the German Equity Forum in Frankfurt on Nov. 22. That figure compares with $15.8 billion for the whole of 2010.

Russian Game Developer Scores $5M, Comes to U.S.

After recently closing a $5 million financing round, Russian game publisher Pixonic has opened offices in San Francisco. The company, formed in 2009, is backed by venture investors including Ventech, Kite Ventures and TA Venture.

Graftys Raises $5.3 Million Venture Round

Graftys, a medical device start-up based in Aix-en-Provence, France, has raised 4 million euros ($5.3 million) in a third round of financing. The company, which is focused on bone biologics, is backed by Ventech, Octalfa, Oreo Finances and Viveris Management.

Ventech Backs Covagen

Covagen AG, a Zurich-based developer of a novel class of protein therapeutics, has secured an undisclosed amount of seed funding from Ventech.

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