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Published 16 July 2012 06:02, Updated 18 July 2012 05:46
TELSTRA APPLICATIONS AND VENTURES GROUP
Took an undisclosed stake in online restaurant booking platform Dimmi and led a $35 million investment in California-based video streaming service Ooyala. It’s third investment, reportedly less than $5 million, was in Sydney-based call centre cloud technology provider IPscape.
APN NEWS & MEDIA
Took an 86 per cent stake in online retailer brandsExclusive for $36 million. Co-founded group buying website GrabOne with entrepreneur Shane Bradley and took full ownership in May 2012. Invested in niche group buying player MyTeamDeals.
OPTUS INNOV8 SEED PROGRAM
Plans to make six to eight seed investments of up to $250,000 each over the next 12 months. The money comes from parent company SingTel’s $200 million corporate venture capital fund.
The property company has a $100 million cleantech investment fund. However, Lend Lease Ventures chief executive Anthony Pascoe says the group is focused on managing the six existing portfolio companies and is not after new investments.