Existing investors, Google Ventures, Project A Ventures, Greycroft, The Chernin Group, and Allen & Co, also participated.
Affiliates of Exxon Mobil Corp and Saudi Basic Industries Corp (SABIC) are to undertake a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work.
Nest, for instance, was one of many companies that Google has backed via its Google Ventures project, an initiative launched in 2009 with the intent of providing "seed, venture, and growth-stage funding to the best companies".
In a statement, Horizons Ventures project director Frances Kang said "MioTech's ability to capture, aggregate and dissect the data helps asset managers and financial advisors to have deeper insights in serving their clients.
The company has also raised a $2.3 million round of funding from an impressive list of investors: Polaris Ventures, Greylock Partners, Lerer Ventures, SV Angel, Atlas Ventures, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan.
Last month Spindle, which boosts a team filled with ex-Microsoft engineers, announced that it had raised a $2.3 million round of funding from investors including Polaris Ventures, Greylock Partners, Lerer Ventures, SV Angel, Atlas Ventures, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan.
Based on a pilot study and the current Chinese regulations, the paper identifies the possible types of collaboration for foreign contractors in China, namely mergers and acquisitions, joint ventures, project-based collaboration, and strategic alliances.
The pilot study reveals that foreign contractors tend to collaborate with their Chinese partners in the form of strategic alliances but that Chinese design institutes and construction enterprises would be willing to collaborate with foreign contractors on the basis of international joint ventures, project-based collaboration, or strategic alliances.
They called the new venture Project Electron".
It soon grew to own stakes in just about every joint venture project involving foreign investors.
Woodside is the majority stakeholder in the Browse joint venture project, but Shell Australia and BP control 27%and17.3%3% respectively.
