Siemens VC arm, Siemens Acceleration in Communications, which has invested in a bunch of mobile content companies, is going to shut down and it selling off stakes in its portfolio companies, reports PE Week.
The global group began life as Siemens Mobile Acceleration, and was focused on early-stage opportunities in the mobile sector. This past March, however, the group was renamed with an expanded mandate to invest $100 million over the next five years in a wide range of communications companies.
The VC arm had invested in some companies we cover here and on our sister site MocoNews.net regularly, like GlooLabs, Ki-Bi Technologies, Mobile2win, Oplayo, PhoneBites, PurpleAce, Realeyes 3D, Rock Mobile, Xingtone, V-Enable and others…wonder whether they will sell stake to one firm, or sell it by the company. PE Week Wire says in a follow-up story that buyers might be individual companies…
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post