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Varentec, the emerging green technology company, closed a $7.7 million Series A funding late last year, according to a statement released by it and lead investor Khosla Ventures Wednesday. Additionally, the company announced, Dr. Deepak Divan will lead the company as President and CTO. Varentec makes electric grid and power electronics products. Read more » |
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Usergrid, the mobile app building cloud service, has been acquired by California-based Apigee, the provider of API management products. Usergrid founder and CEO Ed Anuff has joined Apigee's leadership team, where he will continue to guide the development of Usergrid software. Specifics of the deal were not publicized. Read more » |
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ShopKeep, the iPad platform developer for retailers, has landed a Series A financing led by Tribeca Venture Partners and TTV Capital. Contour Venture Partners also participated in the funding. Read more » |
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Switzerland’s Capital Dynamics has acquired a 64-megawatt portfolio of UK landfill gas assets across England, Scotland and Wales, it announced Wednesday. The asset manager did not release terms of the deal. Read more » |
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Ignition Partners led a $20 million Series C round for cloud identity technology company Symplified. As a result, Cameron Myhrvold of Ignition Partners has joined its board of directors. Existing investors Allegis Capital, Granite Ventures and Quest Software also participated in the financing, which brings the company’s total funding to $38.8 million. Read more » |
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Cambridge, Mass.-based RaNA Therapeutics Inc. has raised $20.7 million in a round of financing co-led by Atlas Venture, SR One and Monsanto, with participation of Partners Innovation Fund. The money will be used for continued development of RaNA’s technology platform to “enable selective activation of target genes and expression of therapeutic factors by targeting a type of regulatory RNA called long non-coding RNA,” the company says. Read more » |
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Motorola, through its investment arm Motorola Solutions Venture Capital, has invested in mobile marketing company Retailigence. Terms of the deal were not released. The funding will be used for development and expansion of the Illinois-based company’s hyperlocal marketing platform. Read more » |
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Solyndra Gets No Love From Would-Be Buyers
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(Reuters) - Solyndra LLC failed to attract any bids on Tuesday from buyers who could have restarted production, brought back some laid off staff and kept the bankrupt solar panel maker operating, according to a company adviser.
Solyndra, which owes more than $500 million to the U.S. government, has said a turnkey buyer is the best hope for getting the most money for the government and other creditors. However, no turnkey bids were submitted by a Tuesday deadline, said company adviser Eric Carlson of Imperial Capital LLC. Court documents suggest t... |
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Carticept Medical Inc., a developer of treatments for cartilage injuries and osteoarthritis, has raised $10 million in financing led by existing investors Domain Associates, New Enterprise Associates and SonoSite Inc. The money is aimed at commercial launch of the company’s computer-controlled drug delivery system. In total, Carticept has raised $53 million from investors. Read more » |
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Boulder, Colo.-based EVOL Foods, which makes natural and organic frozen meals and snacks, has sealed a minority growth capital investment from private equity firm Alliance Consumer Growth. The financing will be used to expand EVOL’s distribution, and expand its products. Read more » |
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Stockholm-based social gifting service Wrapp has sealed $5 million from venture firm Greylock Partners. The financing is an addition to Wrapp’s Series A funding. Wrapp received $5.5 million in November from Atomico and the Nordic venture firm Creandum. Greylock’s Reid Hoffman will join Atomico’s Niklas Zennström, and Johan Brenner of Creandum on Wrapp’s board. Read more » |
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Menlo Ventures led a $21 million Series C round for Mountain View, Calif.-based storage company Nexenta Systems. Sierra Ventures and Razor’s Edge Ventures also participated, joining existing shareholders Javelin Venture Partners and TransLink Capital. The Series C round will be used for growth. Read more » |
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Tidemark, a maker of enterprise performance management software, has raised $24 million in new financing. Redpoint Ventures led the round along with existing investors Greylock Partners, Andreessen Horowitz and Dave Duffield, co-founder and co-CEO of Workday. The Redwood City, Calif.-based company has raised a total of more than $35 million. Read more » |
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MidOcean Partners has led a recapitalization of Jones & Frank, a provider of equipment distribution, repair, maintenance and installation services for the fueling infrastructure industry. BB&T; Capital Partners and management remain minority investors in the business. Jones & Frank is based in Raleigh, North Carolina. Read more » |
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Quantum Capital Fund said it has launched a $200 million U.S. fund and opened an office Santa Clara, Calif. The South Africa venture capital firm was founded in 2004 by Julian Pencilliah. Its U.S. operations are being led by Arnold Magcale, formerly with Motorola and Danger. The firm also said it made its first U.S. investment: a $30 million investment in The Jetstream, which the firm describes as a social media network. PRESS RELEASE Quantum Capital Fund Launches $200M Fund in the U.S. South African firm invests $30 million in first U.S. technology venture Opens office in Santa Clara, taps Silicon Valley tech pioneer to lead U.S. operation |
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Social gaming company Digital Chocolate Inc. has closed on a $5 million venture loan from NXT Capital's Venture Finance Group. The company, based in San Mateo, Calif., is backed by investors including Sutter Hill Ventures, Intel Capital, Bridgescale, DN Capital, Outlook Ventures and Greenspring Associates. Read more » |
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Ivycorp has secured an initial $1M in Series A investment capital from a combination of investors led by the Women’s Venture Capital Fund. Ivycorp is a next-generation enterprise messaging network for businesses and organizations. PRESS RELEASE Ivycorp, creators of Ivytalk(R), a next-generation enterprise messaging network for businesses and organizations, is pleased to announce that it has received an initial $1M in Series A investment capital from a combination of investors led by the Women’s Venture Capital Fund. “Ivycorp is a great example of the large and growing pipeline of women entrepreneurs building capital-efficient but scalable businesses,” said Helen MacKenzie, Managing Director a |
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Code 42 Software, developers of onsite, offsite and online backup solutions for consumers and businesses has secured $52.5 million in venture funding. Led by Accel Partners with participation from Split Rock Partners, the funding will be used to accelerate product development. PRESS RELEASE Code 42 Software Inc., developers of award-winning onsite, offsite and online backup solutions for consumers, businesses and the enterprise, today announced the company has secured $52.5 million in venture funding. Led by Accel Partners with participation from Split Rock Partners, the funding will be used to accelerate product development and increase Code 42’s global market share via expanded sales and marketing effo |
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Anti-virus software maker AVG Technologies said that it would sell 8 million shares at $16 to $18 apiece in its initial public offering, Reuters reported Tuesday. The company filed last week for an IPO. AVG Technologies is backed by investors including Intel Capital, Grisoft Holdings and TA Associates. Read more » |
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Maranon Capital has promoted Laura Albrecht to principal and the addition of Mary Duvall as an accounting analyst. Albrecht joined Maranon Capital’s investment team in May 2010. Duvall joined Maranon in June 2011 and assists with financial reporting and analysis as well as loan operations. PRESS RELEASE Maranon Capital, L.P. announced today the promotion of Laura Albrecht to Principal and the addition of Mary Duvall as an Accounting Analyst. Laura joined Maranon Capital’s investment team in May 2010. Since then, she has been responsible for evaluating new business opportunities, transaction execution, and portfolio management. Laura is a graduate of the J.L. Kellogg Graduate School of Management, Northwestern University |
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Olympus Capital has invested 5 billion rupees (about $98.7 million) for a “significant minority stake” in Indian healthcare firm, DM Healthcare Pvt Ltd., Reuters reported. DM Healthcare operates medical centers, hospitals and pharmacies in the Middle East as well as secondary and tertiary care hospitals in India, Reuters wrote. Veda Corporate Advisors was the advisor to DM Healthcare on the transaction. Read more » |
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Hercules Technology Growth Capital released its year-end results with details on its venture debt business. The company said commitments in 2011 were about $630 million, up 20% from last year. Hercules also said in a press release that it entered into an agreement to buy about $9.6 million of Facebook (307,500 shares) on the secondary market on December 13, 2011 and December 20, 2011 for an average price of $31.08 per share. PRESS RELEASE Hercules Technology Growth Capital Announces Record Year of Over $630.0 Million of Commitments in 2011: Provides Portfolio Update for Fourth Quarter 2011
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BB&T Corp and the TD Bank unit of Canada’s Toronto-Dominion Bank have submitted preliminary bids to buy BankUnited Inc, the Wall Street Journal reported, writes Reuters. PNC Financial Services Group Inc, considered a potential bidder for the Florida bank, did not submit an offer, the report said. The private equity owners of BankUnited include Wilbur Ross’s WL Ross & Co, Blackstone Group and Carlyle Group. Reuters - BB&T Corp and the TD Bank unit of Canada’s Toronto-Dominion Bank have submitted preliminary bids to buy BankUnited Inc, the Wall Street Journal reported, citing people familiar with the matter. PNC Financial Se |
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Private equity firm Cinven is to buy patent business CPA from Intermediate Capital Group (ICG) for 950 million pounds ($1.46 billion), writes Reuters. Cinven had been up against rival private equity house BC Partners in the final stage of the auction process, sources had previously said. Reuters - Private equity firm Cinven has agreed a deal to buy patent business CPA from Intermediate Capital Group (ICG) for 950 million pounds ($1.46 billion), a source familiar with the situation said. Cinven had been up against rival private equity house BC Partners in the final stage of the auction process, sources had previously said. Just two years ago, ICG invested in Jersey-based CPA, which |
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For VCs on Boards, Two is the Magic Number
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They say too many cooks spoil the broth. Apparently, the same can be said of venture capitalists sitting on startup boards. Having more than two VCs on a company board is negatively correlated with successful outcomes, according to analysis from Correlation Ventures, a VC firm that makes investment decisions based on a proprietary data-crunching process. That was one of the findings that David Coats, Correlation managing director, shared yesterday in an ... |
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Trigger, which offers a mobile development framework specifically targeted at web developers rather than existing mobile teams, has raised $1 million in seed round of funding. Funds have been raised through AngelList. Investors include Paul Graham, SV Angel, 500 Startups, Russ Siegelman, Steven Walske, RightVentures, Venture51 and John Taysom. PRESS RELEASE New service, Trigger, today announced the launch of its cross-platform mobile development framework targeted at web developers who want to be able to create native mobile apps. With Trigger, developers only need to write apps once in HTML5, and use the service’s simple JavaScript API to access nat |
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Sun Capital Partners is selling Del Monte Canada to ConAgra Foods. An affiliate of EG Capital Group, a New York-based consumer-focused private equity firm, will also sell its minority stake in Del Monte Canada as part of the transaction. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital,”) a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that its affiliated portfolio company Del Monte Canada, the market leader in packaged fruit and tomatoes in Canada, has agreed to be purchased by ConAgra Foods (NYSE: CAG,) one of North America’s leading food companies. An affiliate of EG Capital Group, LLC, a New York-based consumer-focused private |
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On The Spot Systems(R), a real-time mobile survey provider, has closed a round of seed investment funding for $750,000 shared by Kepha Partners, a Waltham venture capital firm, Angel Street Capital of Providence, and Mike Sheehan, a strategic investor. The funding will enable the company to expand its market presence in food service and address emerging opportunities for mobile data collection in industries ranging from retail to healthcare and service organizations. PRESS RELEASE On The Spot Systems(R), a real-time mobile survey provider, today announced that it has closed a round of seed investment funding for $750,000 shared by Kepha Partners, a Waltham venture capital firm, Angel Street Capital of Pro |
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General Atlantic has appointed Martin Escobari as a managing director and head of its Sao Paulo, Brazil office and Latin American investing program. Escobari will lead GA’s investment activity in Latin America where it has to date invested more than $1 billion in Latin American growth companies. PRESS RELEASE General Atlantic LLC (”GA”), a leading global growth equity firm, today announced that Martin Escobari has joined the firm as a managing director and head of its Sao Paulo, Brazil office and Latin American investing program. Mr. Escobari will lead GA’s investment activity in Latin America as part of the firm’s continued strategy to invest in growth companies in this high growth region. To date, GA has inv |
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Mid-market investor Audax Group has sold Nivel Holdings to Kelso & Company. Headquartered in Jacksonville, Florida, Nivel is a distributor of golf car aftermarket parts and accessories. PRESS RELEASE Audax Group announced it has completed the sale of Nivel Holdings, LLC (”Nivel”) to Kelso & Company. Headquartered in Jacksonville, Florida, Nivel is a leading value-added distributor of golf car aftermarket parts and accessories. Nivel supplies dealers worldwide with over 9,000 SKUs across 11 product categories, with 98% of orders shipped for same day delivery. Audax acquired Nivel in October 2007 and subsequently sourced and integrated nine add-on acquisitions, building the company int |
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Privately-held AlienVault, creator of OSSIM, a standard open source SIEM (Security Information and Event Management) solution, has appointed Barmak Meftah as president and chief executive officer and Roger Thornton as chief technology officer. Meftah previously served as chief products officer at Fortify Software. Thornton incubated and founded Fortify at Kleiner, Perkins, Caufield & Byers, serving as its chief technology officer and member of the board of directors. PRESS RELEASE AlienVault, creator of OSSIM, the de-facto standard open source SIEM (Security Information and Event Management) solution, announced today the appointments of Barmak Meftah as president and chief executive |
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3VR, a video intelligence company, has added chief marketing officer Joe Boissy to the company’s leadership team. Boissy joins 3VR from IBM. Based in San Francisco, CA, 3VR is privately held with funding from DAG Ventures, Focus Ventures, In-Q-Tel, Kleiner Perkins Caufield & Byers, Menlo Ventures and VantagePoint Ventures. PRESS RELEASE 3VR, the video intelligence company, today announced the addition of Chief Marketing Officer Joe Boissy to the company’s leadership team. Boissy joins 3VR from IBM where he was director of go-to-market strategy and industry marketing for WebSphere enterprise software. Boissy, with m |
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Early stage venture capital firm Shasta Ventures has hired Jim Barnett as partner and promoted Sean Flynn to partner. The executive moves boost the growth of Shasta Ventures which, in September 2011, closed its most recent fund, Shasta III on $265 million. PRESS RELEASE Early-stage venture capital firm Shasta Ventures today announced the hiring of Jim Barnett as Partner and promotion of Sean Flynn to Partner. The firm continues to add and promote top Silicon Valley talent to its expanding leadership team. These executive moves bolster the growth of Shasta Ventures which, in September 2011, successfully completed the raise of $265 million for its most recent fund, Shasta III. Jim Barnett joined Shasta Ventures in November 2011. Ji |
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Greenbriar Equity Group has acquired PetroChoice, a distributor of petroleum lubricant solutions. Greenbriar acquired the company from KRG Capital Partners. Terms of the transaction were not disclosed. PRESS RELEASE Greenbriar Equity Group LLC today announced the acquisition of PetroChoice, a leading, value-added distributor of petroleum lubricant solutions. Greenbriar acquired the Company from KRG Capital Partners. Terms of the transaction were not disclosed. Headquartered in Riddlesburg, Pennsylvania, PetroChoice is the largest distributor of consumable commercial, industrial, and passenger vehicle lubricants in the Mid-Atlantic and Upper Midwest regions of the United States. It serves a diverse |
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PivotLink, a provider of retail performance management solutions has closed an additional $13 million in financing. The funding was led by existing investors Trident Capital, Emergence Capital Partners and Starvest Partners, firms that were early investors in Qualys, SuccessFactors and NetSuite. PRESS RELEASE PivotLink, the leading provider of retail performance management solutions delivered via Software as a Service (SaaS), today announced it recently closed an additional $13 million in financing. The funding accelerates PivotLink’s strategy to expand its market-leading SaaS analytics offering with a suite of on-demand retail perf |
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peHUB First Read
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Everyone Makes Mistakes: Here are six you can try to avoid if you are an entrepreneur seeking venture capital
Gold Rush: RaNA comes out of stealth mode and secures funding for its "junk DNA" Yang is Out of Yahoo! and investors are glad... very, very glad From Geek to Chic: Four start-ups to watch Time to Accelerate: Triangle Startup Factory relaunches and promises $50k to each founding team The IPO Market is dying... save the IPO market Chinese Dream: KBC to sell China fund stake to Value Partners Bidding Wars: BankUnited gathers the bids in from BB&T; and TD Bank Patents Attract UK firm Cinven with CPA deal Venture Capital Big Data Obssession continues with Code 42 funding Read more » |
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L.A.-based Gehry Technologies, which sells design and project management technology and consulting services, has hired three people into its management ranks: Deep Bhattacharya is now the company’s executive vice president of business development and strategy; Matt Reid is senior vice president of marketing; and Jim Cheung is Gehry’s vice president of research and development. Prior to joining GT, Bhattacharya was VP of Business Development & Technology at Oldcastle BuildingEnvelope. Reid last served as VP of Sales and Marketing at Eucalyptus Systems. Prior to joining Gehry, Cheung was a director of service engineering for Yahoo. PRESS RELEASE: Gehry Technologies (GT), a leader in design and project management tec |
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Abu Dhabi private equity firm Gulf Capital has attracted nearly a dozen initial bids for its Gulf Marine Services unit (GMS), two sources told Reuters earlier today, with a sale seen generating around $500 million. Gulf Capital, which has around $1 billion of assets under management, is planning to exit two investments in 2012, including GMS, a regional support barge company, its chief executive told Reuters last year. REUTERS: Abu Dhabi private equity firm Gulf Capital has attracted nearly a dozen initial bids for its Gulf Marine Services unit (GMS), two sources said, with a sale seen generating around $500 million. Gulf Capital, which has around $1 billion of assets under management, is planning to exit two inves |
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Publicly traded Mentor Capital, a San Diego-based firm that acquires and invests in “leading-edge” cancer companies, has agreed to pay $5 million for a 50 percent ownership stake in Houston-based Brighter Day Health, pending shareholder approval. Brighter Day provides face-to-face doctor interaction through secure computer video set-ups for health care delivery at nursing homes and other treatment facilities. PRESS RELEASE: Mentor Capital, Inc. (OTC Markets: MNTR) announced that it has executed a long-term funding agreement to receive a current 50% ownership in Brighter Day Health, LLC, pending their expected shareholder approval. Brighter Day provides face-to-face doctor interaction through se |
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FedBid, operator of the online marketplace for business-to-government e-commerce, has received an undisclosed amount of initial funding from Revolution Growth Fund. Fedbid is based in Vienna, Va. Revolution Growth Fund, a $450 million vehicle formed formed late last year by Washington entrepreneurs Steve Case, Ted Leonsis, and Donn Davis. PRESS RELEASE: Today, FedBid, Inc., which operates the FedBid online marketplace at www.FedBid.com, announced that it has received the first investment made by the Revolution Growth fund, which was launched in December 2011 by Steve Case, Ted Leonsis and Donn Davis. Revolution Growth is now the largest in |
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WhipTail, a Whippany, N.J.-based flash based storage company, has raised a Series B round of funding led by RRE Ventures. Ignition Partners and Spring Mountain Capital also participated in the round, the amount of which was not disclosed. PRESS RELEASE: Today WhipTail, maker of the world’s first and most widely deployed all-flash enterprise class storage array, announced it has secured a Series B round of funding to continue to fuel its accelerated growth in the global IT marketplace. New York-based venture capital firm RRE Ventures led the round, with Ignition Partners and Spring Mountain Capital also participating. “We have been quietly executing for some time, addressing the |
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peHUB Second Opinion 1.17
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Yahoo founder Jerry Yang has abruptly resigned from the company's board.
And four more Yahoo directors will soon follow suit, says AllThingsD. Will Scott Forstall succeed Tim Cook at Apple? Fortune's Adam Lashinsky thinks so. Mitt Romney says his effective tax rate is "probably" 15 percent. How Facebook helped a daughter find her homeless father. Your headphones may kill you -- really. Turning rats into cyborgs! Google contractors get sacked after vandalizing OpenStreetMap. Read more » |
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Jerry Yang has resigned from Yahoo!’s board of directors, the company announced. He co-founded the company in 1995 with David Filo and had explored attempts to take the company private recently. Read more » |
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Cendana Capital has kicked off its efforts to raise a $100 million fund, according to a filing with the Securities and Exchange Commission. The filing lists Michael Kim, a former partner at Rustic Canyon Partners, as director of the fund. Kim has described his San Francisco-based firm as a fund of fund that invests in seed-stage, or micro-cap, funds. Here is a link to the SEC filing. Read more » |
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Sears Shares Spike on Take-Private Talk
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(Reuters) - The shares and options of Sears Holdings Corp rose on Tuesday on speculation the operator of Sears department stores and the Kmart discount chain could go private.
“There is a rumor that Bruce Berkowitz of Fairholme and Eddie Lampert could take Sears private,” Jon Najarian, a co-founder of online stock, options and futures brokerage TradeMonster.com in Chicago said. That rumor followed some unusual buying in Sears call options during the first 25 minutes of trading, he said. Buying of Sears stock and options moved up a... |
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Sun Capital Eyes 40x Return On Carve-Out
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Sun Capital Partners has agreed to sell Del Monte Canada, a collection of Canadian food businesses it bought from Kraft Foods Inc. back in 2006, to ConAgra Foods, generating one of the firm’s best returns ever.
Read more » |
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Slideshow: Cloud Cos–the Undergrad Class
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Everyone knows cloud tech, storage, this & that, has come to the forefront of the consumer economy and many VCs’ attention. Before his passing, Steve Jobs planned Apple’s iCloud strategy and every streaming entertainment company is trying to host as much as they possibly can remotely—to say nothing of the enterprise possibilities for the space, finally offering some real monetization capabilities for the VCs who have spent years plowing cash into the business concept. We’ve all seen the Box.net and Dropbox mega-valuations, but there are still s... Read more » |
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Correlation Ventures said it closed an initial $165 million venture capital fund that will leverage its predictive analytics to offer entrepreneurs and lead investors co-investment decisions within two weeks. The fund was oversubscribed and ended up 10% above its target of $150 million. Limited partners include leading endowments, foundations, pensions, family offices, high-net-worth individuals and more than 30 venture capital peers who invested personally, the firm said. Correlation Ventures has offices in San Diego and Palo Alto, California, and expects to make approximately one new investment each month. PRESS RELEASE Correlation Ventures Raises $165 Million in Oversubscribed Initial Fund |
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Recon Instruments said it raised $10 million from Vanedege Capital and Kopin Inc. The company recently launched an Android-powered MOD Live near-eye device that provides skiers and riders with a variety of data, including speed, navigation, jump analytics, buddy tracking and text messages. PRESS RELEASE Recon Instruments Raises $10 Million Series A Financing Recon Instruments sophomore release, MOD Live named CES 2012 Innovation Award Honoree VANCOUVER, British Columbia – January 17, 2011 – Recon Instruments, award winning innovator of Micro Optics Display (MOD) technology for outdoor sport enthusiasts, announced it has secured a$10 million Series A investment from a group led by the |
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KKR Raises $104 Million for Lending Initiative
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Kohlberg Kravis Roberts & Co. has raised its first $100 million or so to support its new lending strategy.
After Buyouts reported last week that the firm was redoubling its efforts in the upper-mid-market senior lending business (subscribers click here; see the Reuters version of the story here), following the close in October of a $1 billion mezzanine fund, the firm disclosed in SEC reports on Friday that it had closed on $102 million for a fund called KKR Lending Partners LP and separately had closed on $2 m... |
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Flagship Ventures, along with undisclosed investors, have poured $70 million into alternative fuel developer Joule. The company was formed in 2007 and is based in Bedford, Mass. The latest round brings Joule’s backing to more than $110 million. The latest round will be used to build out the company’s facility in Hobbs, New Mexico. Read more » |
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Gideon Yu: Back in the VC Business? CORRECTED
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It’s been a pretty exciting last 12 months for Gideon Yu. And the last 12 months are coming full circle for him too—soon, he’ll be he may be getting back into investing. Yu’s new gig will be at his own fund Yu is considering becoming an advisor to a new early-stage venture fund, tentatively slated to be named Formation 8.
Last April, Yu split from Khosla Ventures, after about... |
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New York based buyout shop Baker Capital has exited its investment in ADAPTIX Inc., selling the company to a subsidiary of Acacia Research Corp. for $160 million in cash. Carrollton, Texas-based ADAPTIX is a developer of mobile wireless systems. Evercore Partners served as financial advisors to ADAPTIX. Baker Capital first invested in ADAPTIX in 2004.
Read more » |
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Claire Kendrick has joined private equity firm Z Capital Partners as a managing director and head of economic research. Kendrick is responsible for transactions in the transportation, metal and mining, and paper and forestry industries, the firm said in a written release. Previously, she was a principal at Hirtle, Callaghan & Co. where she was director of private equity investment and portfolio manager Read more » |
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San Francisco-based Bionic Panda Games, a mobile games startup focused on casual social games for the Android platform, has raised an undisclosed amount of seed funding from a wide syndicate of investors. Participants in the financing include SoftTech VC, Norwest Venture Partners, Google Ventures, 500 Startups, and angels Craig Sherman and Kal Vepuri. Charles Hudson, who cofounded Bionic Panda Games, is also a venture partner with SoftTech VC. PRESS RELEASE: Bionic Panda Games, a mobile games company focused on casual social games for the Android platform, is announcing today that it has raised seed financing fro |
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Wellcome Trust Ups Venture Commitment
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Global biomedical charitable research foundation Wellcome Trust has increased its commitment to venture capital to 19 percent of its 13.6 billion pounds ($21.02 billion) investment portfolio in the last 12 months. Venture and growth funds are included in this figure as well as direct venture investments.
Wellcome’s private equity exposure, valued at $4 billion, has more than doubled over the past five years and now makes up 19% of the group’s total portfolio. This increase in exposure has largely been driven by strong performance in the underlyi... |
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Bessemer Venture Partners led a $21 million Series B round for Boulder, Colo.-based SendGrid, which makes a cloud-based platform for email deliverability. Existing investors Foundry Group, Highway 12 Ventures, SoftTechVC, 500 Startups and Bullet Time Ventures also participated. The money will help bolster the company’s staff and continue development efforts. Read more » |
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Atlanta-based Sharecare, developer of an interactive health and wellness social platform, has raised $14 million in a round led by Galen Partners along with TomorrowVentures. The company also announced that it has acquired physician practice reference company The Little Blue Book from Galen Partners and other investors in exchange for Sharecare common stock. Sharecare was formed in 2010. Read more » |
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Milestone Venture Partners and Osage Venture Partners have backed Identropy, a maker of identity and access management software, to the tune of $4 million. The Series A round will support growth of the company’s cloud-based technology, and will be used to expand sales and marketing efforts. The start-up is based in Moonachie, New Jersey. Read more » |
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Change Healthcare Corp. announced a second closing of its Series C round, which totaled $9.3 million. The company is backed by BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co. Global Investment Inc., West Health Investment Fund and Solidus Co. The company closed an initial Series C tranche in September. BlueCross BlueShield Venture Partners is a corporate venture fund sponsored by the Blue Cross and Blue Shield Association Read more » |
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The National Multi-Commodity Exchange of India is in talks with private equity firms to raises 300-350 million rupees to comply with minimum capital rules, Reuters reported Tuesday. The exchange is India’s fourth largest, and currently has equity capital and reserves of 650-700 million rupees. Names of potential private equity backers were not released.
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Greenbriar Equity Group has acquired PetroChoice, a distributor of petroleum vehicle lubricant products, from KRG Capital Partners. Terms of the transaction were not disclosed. PetroChoice is based in Riddlesburg, Penn. Read more » |