Electric motorcycle maker Brammo, which just raised $13 million, is taking a page from the Tesla Motors handbook and applying it to the powersports sector, hoping that a similarly successful IPO will be in the cards one day. “Our goal is to have a greater than a billion dollar IPO,” said Chief Executive Craig Bramscher. It’s a level of ambition that’s not often heard in today’s clean-tech world.
Betting that carriers need help parsing spectrum to the growing league of mobile subscribers, Samsung’s venture group has made a strategic investment in Stoke. In exchange for some equity, the mobile gateway company will receive $5 million from the electronic giant’s venture arm, bumping total outside investment to $97 million.
Also in today’s VentureWire, Agilone, with funding from Sequoia Capital, is expanding its predictive marketing application to a broader set of uses. It’s exploring areas adjacent to marketing, such as merchandising, pricing, supply-chain optimization and sales effectiveness…AstraZeneca, which has been looking to add to its neuroscience pipeline as it tries to counter the loss of market exclusivity for the blockbuster antipsychotic medicine Seroquel IR, said it has acquired a portfolio of neuroscience assets from venture-backed Link Medicine for an undisclosed amount…and in a nod to the rapidly expanding use of electronic signatures, which can speed transaction times, improve security and cut costs, DocuSign raised $47.5 million in Series D funding led by Kleiner Perkins Caufield & Byers with participation from three other new investors.
(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving start-ups and their venture backers. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)
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