Company Investment Property
Collective Intellect Raises $6.6 Million Second Round For Social Media Monitoring
Collective Intellect, a provider of social media monitoring services for businesses, has raised a $6.6 million second round led by Grotech Capital, with participation from past backers Appian Ventures and Croghan Investments and new investor Crawley Hatfield Capital. The company first raised $2.6 million in 2006, for a total raise of $9.2 million. There are a lot of companies offering some variation of this service: tracking blogs and social nets for business intelligence purposes. Boulder-based Collective Intellect has specifically targeted the financial services industry, promising to help make better investment decisions by harvesting news before it's publicly known. In this respect, it sounds similar to NYC-based Monitor110, and other companies promising to harvest internet content into actionable investing data.
Fairfax seeking more investments in Canada, chairman tells annual meeting
TORONTO - Fairfax Financial Holdings Ltd. (TSX:FFH) is scoping out more domestic investment opportunities in Canada, chairman Prem Watsa told the insurance holding company's annual meeting Wednesday. After recently putting money into CanWest Global Communications Corp. (TSX:CGS), Torstar Corp. (TSX:TS.B) and AbitibiBowater Inc. (TSX:ABH), Fairfax is in "excellent shape" financially, even though its underlying insurance businesses have started to shrink, Watsa said. Fairfax racked up $1 billion in earnings in fiscal 2007, and has about $1 billion in cash, giving "us lots of flexibility" when it comes to seeking out further investment opportunities, he said. Watsa declined to name any investment targets, saying only "we're biding our time," adding there would be "no hostile takeovers." Despite all the debt-market turmoil and a coming recession in the United States, over 10 years "we will do well," he assured shareholders.
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