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Checkpoint Surgical has raised $3 million. This includes a $1.7 million series B investment round led by NDI Healthcare Fund. The neurodevice firm also secured non-dilutive funding of over $1.3 million, including a $1.065 million Innovation Ohio loan and a $245,000 federal grant. Read more » |
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Fluoro-Seal Holdings LLC, the provider of adhesion and surface enhancement products, has been acquired by Arsenal Capital Partners, the New York private equity firm. Specifics on the deal were not publicized.
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CollabNet, the California-based enterprise cloud developer is adding Promod Haque, a managing partner with Norwest Venture Partners, to its board of directors. Additionally, the company brought on Tony Farinaro as senior vice president, worldwide services and Laurence Sweeney as vice president, enterprise transformation.
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Semiconductor MagnaChip, based in Korea, will acquire Dawin Electronics, another semiconductor company that Insulated Gate Bipolar Transistor (IGBT), Fast Recovery Diode (FRD) and MOSFET modules. Dawin is headquartered in South Korea, with offices in China and Europe. Specifics on the deal were not publicized. Read more » |
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IA Ventures and Softbank led a $1.7 million investment in Visual Revenue, the predictive analytics firm for online publishing, and were joined by the company’s existing investors. Visual Revenue concurrently announced new job opportunities in engineering at the firm. Read more » |
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peHUB First Read
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 Please teach this man about football Also, please teach this man about football. What Could Have Been for Ron Jeremy: Alternate careers for porn stars Related: Party at the UN! In What was clearly an attempt to woo a man roughly Ashton Kutcher’s age again, Demi Moore reportedly hurts herself on whippets. Read more » |
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ZeaChem Inc. said it was selected for a $232.5 million loan guarantee from the U.S. Department of Agriculture’s 9003 Biorefinery Assistance Program. The conditional decision will allow the financing and construction of ZeaChem’s first commercial-scale cellulosic biorefinery. The company is backed by Mohr Davidow Ventures, Globespan Capital Partners, Firelake Capital, Birchmere Ventures, PrairieGold Venture Partners and Spring Ventures. PRESS RELEASE ZeaChem Selected for $232.5 Million USDA Loan Guarantee Award to Support Construction of ZeaChem’s First Commercial-Scale Cellulosic Biorefinery Lakewood, Colo. – Jan. 26, 2012 – ZeaChem Inc., a dev |
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Five9, a Pleasanton, Calif-based, venture-backed company that makes call center software, has hired Barry Zwarenstein as CFO. Most recently, Zwarenstein served as CFO for SMART Modular Technologies, through the $635 million purchase by Silver Lake Partners. He has also served as CFO with VeriFone Holdings Inc., Iomega Corporation, Mellanox Technologies Ltd., Acuson, and Logitech S.A. PRESS RELEASE: Company Continues Rapid Revenue Growth And Expansion Five9 Inc., the global leader in cloud-based call center software, announced today that technology industry veteran Barry Zwarenstein has joined the company as Chief Financial Officer. Barry brings over 35 years of experience and extensive relationships in the financia |
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House Party, a New York-based social media company, has raised a $5.3 million Series C round of funding led by Acadia Woods Partners, a New York-based venture firm. No other funders were announced as part of the round. House Party was founded in 2005 has previously raised roughly $4.6 million, including from a long list of individual investors that includes Josh Weinreich, Robert Kavner, and Gene DeRose. PRESS RELEASE: House Party, Inc., a leading social media company that combines digital media and word-of-mouth marketing with brand-inspired, in-home events, today announced it has raised $5.3 Million in Series C funding. The latest round of funding was led by New Y |
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Sleep Innovations, a West Long Branch, New Jersey-based maker of polyurethane foam products, has retained the New York investment bank Sawaya Segalas & Co. to explore opportunities that may include the sale of the business. Sleep Innovations was founded in 1996 and has a number of investors over the years, including the private equity firm Catterton Partners. PRESS RELEASE: WEST LONG BRANCH, N.J. - (BUSINESS WIRE) - Sleep Innovations, Inc., a recognized leader in developing, manufacturing and marketing innovative polyurethane foam products proven to deliver enhanced comfort, relaxation and rejuvenation, announced today that it has retained New York-based Sawaya Segalas & Co., LLC, a leading consume |
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San Francisco-based Industrial Growth Partners has sold O’Brien Corporation to publicly traded AMETEK for approximately $175 million. O’Brien designs fluid and gas handling equipment; IGP, founded in 1997, is a San Francisco-based private equity investment firm that invests exclusively in middle-market companies in the manufacturing sector. PRESS RELEASE: San Francisco, CA – Industrial Growth Partners is pleased to announce the completion of the sale of O’Brien Corporation to AMETEK, Inc. (NYSE: AME) for approximately $175 million in a transaction that closed on January 13, 2012. O’Brien, headquartered in St. Louis, Missouri, is a leading designer and manufacturer of fluid and gas |
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HydroNovation, a San Francisco-based water treatment company, has raised an undisclosed amount of Series B venture funding from 3M New Ventures, the corporate venture arm of Maplewood, Minn.-based 3M. According to an SEC filing, HydroNovation has raised almost $3.1 million in its latest securities offering. PRESS RELEASE: 3M New Ventures, the corporate venture organization of 3M, today announced an investment in HydroNovation Inc. of California, a developer of next- generation water conditioning systems for residential and food service industry applications. The Series B round financing included a second investment by Clean Pacific Ventures. Terms of the transac |
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Jory Crowell and Dan Gustafson have joined Brookwood Financial Partners in the firm's acquisition department. Monique Hilton has also joined Brookwood's accounting department. Read more » |
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Social Media Makes Kids Feel “Less Normal,” Says New Stanford Study
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 To learn more about his findings, I talked with Nass this morning. Our conversation has been edited for length. You just released a study ... |
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peHUB Second Opinion 1.26
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 In Defense: Private equity finds a haven at Wharton. And, how to think about private equity from The American. Discount: Starting in June, Apple employees get $500 off new Macs and $250 off iPads. What About the Bonuses: Credit Suisse banker pay for 2011 to drops 30%. A Symbol of Injustice or part of the 1%? Warren Buffett's secretary likely makes between $200K to $500K a year. SOPA Aftermath: Jason Calacanis thinks we need to empower Hollywood, not kill it. Ivy Gate: Is Yale a "clandestine network of Freemasons"? Connected to the mob? One T.A. thought so. Warning: Symantec tells customers to stop using its pcAnywhere software because hackers have stolen its old source code. Sitting All Day Can Kill You: How to counteract the effects of an office job. Sale: WaveDivision hires RBC and Waller Capital for a sale that could fetch $1 bln. Read more » |
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Welcome To The “Schizo” Fundraising Environment
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 Brian Adams of Alcatel-Lucent, for one, estimated that a good 20 percent of his existing GPs will be returning to the market. Many fund managers have been waiting for a better economic environment, he said. An attorney who works in fund formation for a major law firm told me at lunch that pretty much a... |
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Highland Capital Partners opened the doors to its summer startup program. The 10-week program offers university-affiliated startups office space and $15,000 in funding. Highland does not take an equity stake. Here is the program’s Web site. WEB POST Summer@HIGHLAND $15K + Cambridge/Menlo Park + Awesome Mentors + No Strings attached Summer@HIGHLAND is a 5-year old entrepreneurship program designed to provide university-affiliated startups with the environment and resources for taking their initiative/company to the next level. The program is “founder friendly”: Highland receives no equity stake in exchange for a team’s participation, and teams are under no obligation to Highland |
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Michael Moran, a managing partner at Brockway Moran, intends to transition out of future funds, according to a statement Thursday. Moran intends to remain active in funds currently under the firm's management. The PE firm did not give any reason for the changes and calls were not immediately returned.
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Cozi said it closed a $3 million round of funding as an extension to its Series C financing. The new money brings the total raised by the Seattle online calendar company to $25 million. No investors were disclosed. The company confirmed the financing and the deal is noted in a filing with the Securities and Exchange Commission. Here is a statement from the Cozi CEO Robbie Cape: “Cozi’s fanatical focus on families has brought us tremendous growth over the past year, particularly in the mobile arena, and it shows no signs of stopping. This additional capital from a longstanding partner enables us to continue innovating around Cozi Gold, our premium offering, to give families even more control over their busy schedule |
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Clavier’s SoftTech VC Unveils A $55M Third Fund And With It A Push For Bigger Company Stakes
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 Clavier, the firm’s founder and managing partner, said the fund was oversubscribed and has invested in 23 companies so far with money from its first and second closings. It is a substantial boost in size from SoftTech VC’s $15 million second fund raised in 2007. The goal is to take larger stakes in ... |
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Scorecard: San Francisco Builds A Winning PE Portfolio
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 The diversified, 249-fund portfolio, dating back to 1987, has achieved an overall investment multiple of 1.65x as of June 30 for the roughly $15 billion pension fund. For 158 pre-2006-vintage funds, presumably past the j-curve effect, the median net IRR is 12.4 percent. For compa... |
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IGLOO Software said Thursday that it has raised $5 million in series B financing with RBC Venture Partners leading the round. Ontario Emerging Technologies Fund also participated. IGLOO provides social business software in the cloud. Read more » |
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Jeff Sangalis has joined ORIX Corporate Capital as an MD of mezzanine and private equity co-investments. Sangalis was the founder and managing partner of Capital Point Partners. Read more » |
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HelloWallet, a provider of personalized financial guidance, has secured $12 million in Series B funding. Chicago-based Morningstar invested $6.75 million and DC-based TD Fund invested $4 million. Existing investors and new investors also participated in the round. PRESS RELEASE HelloWallet, a provider of personalized financial guidance, today announced it has secured $12 million in Series B funding. Chicago-based Morningstar, Inc. invested $6.75 million and DC-based TD Fund (TDF) invested $4 million. Existing investors and new investors also participated in the round. “HelloWallet’s financial guidance is based on a real understanding of what motivates people’s financial decisions, through its |
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J.F. Lehman & Co. said Thursday that David Gorton has joined as a VP. Also, Michael Friedman and William Hanenberg were promoted to senior associate at J.F. Lehman, while David Thomas, James Michaud and David Silberstein were named associates. Gorton joined J.F. Lehman this month from Tailwind Capital.
Read more » |
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Domtar Corporation is to acquire Attends Healthcare Limited, manufacturer and supplier of adult incontinence care products in Europe, from Rutland Partners for €180 million ($236.9 million). The closing of the transaction is expected during the first quarter of 2012, subject to customary closing conditions. PRESS RELEASE Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the signing of a definitive agreement for the acquisition of privately-held Attends Healthcare Limited (”Attends Europe”), manufacturer and supplier of adult incontinence care products in Europe, from Rutland Partners for €180 million. The closing of the transaction is expected during the first quarter of 2012, subje |
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Energtek, a provider of hi-tech natural gas solutions and Adsorbed Natural Gas technology, has raised $2.7M from a strategic partner and additional investors to fund the company’s activities and natural gas transportation projects in the Balkans and Israel. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. PRESS RELEASE Energtek Inc. (EGTK.PK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that the company and its subsidiaries have raised $2.7MM from a strategic partner and additional investors to fund the company’s activities and natural gas transportation projects in the Balkans and Israel. |
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TMI Acquisition has acquired East Coast Temporary Tattoos’ temporary tattoo business. East Coast Temporary Tattoos is located in Brewster, NY. The business will operate under TM International’s brand, Tattoo Manufacturing. The terms of the transaction were not disclosed. PRESS RELEASE Stephen Tooker, President and CEO of TMI Acquisition LLC, operating as TM International, announced January 26, 2012 that an agreement with East Coast Temporary Tattoos to acquire their temporary tattoo business has been completed. East Coast Temporary Tattoos is located in Brewster, NY and markets its products at temporarytattoos.com. The business will be operated under TM International’s brand, Tattoo Manufacturing. The terms of th |
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Healthcare tech company drchrono has closed a $2.8 million round of funding led by Yuri Milner and including new investors. The company also announced it now has more than 15,000 registered providers, and more than 400,000 patients using the drchrono platform. PRESS RELEASE drchrono, the company that is transforming the focus of healthcare from the enterprise to the provider, today announced it has closed a $2.8 million round of funding led by Yuri Milner and featuring new investors that share a legacy of innovation and business transformation. “With just an app on the iPad, we can instantly deliver new technology to our doctors that streamlines their workflow and slashes bureaucratic costs” |
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RealNetworks has signed an agreement to sell a significant number of its patents and its next generation video codec software to Intel Corporation for $120 million. Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products. PRESS RELEASE RealNetworks, Inc. (Nasdaq: RNWK) today announced that it has signed an agreement to sell a significant number of its patents and its next generation video codec software to Intel Corporation for a purchase price of $120 million. Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products. “Selling these patents to Intel unlocks some of the substa |
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Healthcare technology company MC10 has closed on a $2 million investment from Aberdare Ventures and added managing partner, Paul Klingenstein, to its board of directors. MC10 is headquartered in Cambridge, MA. PRESS RELEASE MC10 Inc. today announced it has closed on a $2 million investment from Aberdare Ventures and added managing partner, Paul Klingenstein, to its board of directors. Based in San Francisco, Aberdare Ventures invests in companies that are transforming healthcare, and its investment in MC10 underscores the company’s unique opportunity to reshape electronics in the healthcare industry. MC10 takes high-performance electronics ‘out-of-the-box’ and into new products that blur the lines |
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Summit, New Jersey-headquartered Celgene Corporation is to acquire Avila Therapeutics, a privately held biotechnology company. Avila is backed by Abingworth, Advent Venture Partners, Atlas Venture, Novartis Option Fund, and Polaris Venture Partners. PRESS RELEASE Celgene Corporation (NASDAQ: CELG) and Avila Therapeutics, Inc., a privately held biotechnology company developing targeted covalent drugs that treat diseases through protein silencing, today announced a definitive merger agreement under which Celgene Corporation will acquire Avila Therapeutics, Inc. The acquisition positions Celgene to expand its leading role in the futur |
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MTPV, a clean energy semiconductor chip company, has raised an additional $3.25 million in the final closing of its series B financing. The funding, provided by Northwater Capital Management and a follow-on investment from Applied Ventures, the venture capital arm of Applied Materials, completes the round that started with a $6.75M closing in August last year. PRESS RELEASE MTPV, a clean energy semiconductor chip company, announced today that it raised an additional $3.25 million in the final closing of its series B financing. The funding, provided by Northwater Capital Management, Inc. and a follow-on investment from Applied Ventures, LLC, the venture capital arm of Applied Materials, In |
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SAP’s wholly-owned subsidiary, Saturn Expansion Corporation, has extended its tender offer for all outstanding shares of common stock of SuccessFactors for $40.00 per share, without interest and less any applicable withholding taxes. SAP and SuccessFactors first announced this transaction on December 3, 2011. PRESS RELEASE SAP AG (NYSE: SAP) announced today that its indirectly wholly-owned subsidiary, Saturn Expansion Corporation, has extended the expiration of its cash tender offer for all outstanding shares of common stock of SuccessFactors, Inc. (NYSE: SFSF) for $40.00 per share, without interest and less any applicable withholding taxes, to 5:00 p.m., New York City time on February 1, 2012. The |
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AMETEK has acquired O’Brien Corporation, a manufacturer of fluid and gas handling solutions, sample conditioning equipment and process analyzers from Industrial Growth Partners for approximately $175 million. Based in St. Louis, MO, O’Brien Corporation has annual sales of approximately $80 million. PRESS RELEASE AMETEK, Inc. (NYSE: AME) today announced that it has acquired O’Brien Corporation, a leading manufacturer of fluid and gas handling solutions, sample conditioning equipment and process analyzers from Industrial Growth Partners for approximately $175 million. Based in St. Louis, MO, O’Brien Corporation has annual sales of approximately $80 million. O’BrienR |
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955 Dreams, a next generation mobile publishing company has closed a $3.25M seed round. Investors in this round include 500 Startups, m8 Capital, Kapor Capital, Felicis Ventures and CrunchFund. The round is being led by 500 Startups and m8 Capital. 500 Startups is a Mountain View-based seed fund and startup accelerator program. m8 Capital is a London-based venture capital firm that invests in mobile technology. PRESS RELEASE 955 Dreams Inc., a next generation mobile publishing company announces the closing of a $3.25M seed round. Participating in this round are leading technology investors, including 500 Startups, m8 Capital, Kapor Capital, Felicis Venture |
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Communications and media holding company Kaleidoscope Venture Capital has created and is developing KaleidoscopeIPTV.com to index and make available free entertainment content online. Kaleidoscope expects to formally launch the site during the current quarter. PRESS RELEASE Kaleidoscope Venture Capital Inc. (”Kaleidoscope” or the “Company”) (PINKSHEETS: KLDO), today announces that it has created, and is currently developing, KaleidoscopeIPTV.com to index and make available free entertainment content online. Internet Protocol television is growing quickly along with the trend of consumers streaming movies to their laptops and mobile devices. Kaleidoscope commenced this project in order to provide th |
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CORE BioFuel, a Canadian company focused on energy security for the North American and European markets, has signed an agreement with Toronto-based Osprey Capital Partners. The independent investment banking and financial advisory firm will secure equity investment to fund the completion of construction engineering for CORE’s first wood-to-Green Gasoline plant to be built in Canada. PRESS RELEASE CORE BioFuel Inc., a Canadian company focused on energy security for the North American and European markets, announced today that it has signed an exclusive agreement with Osprey Capital Partners Inc., based in Toronto, Canada. Osprey Capital will secure equity investment capital to fund the completion of construction engin |
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Baird, an employee-owned, international investment banking, private equity, wealth and asset management firm, is set to appoint Paul Bail as a managing director to its investment banking team in London. Bail will officially join Baird on Feb. 1. PRESS RELEASE Baird, an employee-owned, international investment banking, private equity, wealth and asset management firm, is set to appoint Paul Bail as a Managing Director to its Investment Banking team in London, further expanding the firm’s debt advisory offering and underscoring the firm’s continued growth and success despite the challenging climate for investment banks. Bail will officially join Baird on Feb. 1. Leveraging his deep relationships and more than 20 years of industry exper |
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Russian Venture Company Plans U.S. Fund
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 That was a takeaway from an interview yesterday with Axel Tillmann, CEO of RVC–USA, the U.S. arm of the Russian Venture Company, a government-sponsored $2 billion fund-of-funds focused on venture capital. The group announced this week that it has opened its U.S. headquarters in Boston, with an additional office in Silic... |
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T-Venture, the venture capital subsidiary of Deutsche Telekom , and IBB Beteiligungsgesellschaft have backed Berlin-based video marketer clipkit. The firms have invested an undisclosed mid-seven-digit Euro financing round. PRESS RELEASE T-Venture, the Venture Capital subsidiary of Deutsche Telekom AG, and IBB Beteiligungsgesellschaft mbH invest in the German video mar-keter clipkit. Supported by the mid-seven-digit Euro financing round, the Berlin-based company aims to further develop their own video player technology and to signifi-cantly expand their video content library as well as network reach. The Managing Directors Cengiz Kurt and Mathias Blüm plan to recruit more creative sales, |
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Sara Lee Corp is to buy full rights of Senseo coffee systems from Philips Electronics for 170 million euros ($220.5 million), its latest move intended to boost its international coffee and tea business, writes Reuters. Sara Lee, which is splitting itself into two companies, one of them an overseas coffee and tea business, had co-owned the Senseo brand with Philips, with Sara Lee producing the coffee pods and Philips making and distributing the single-serve machines. Reuters - Sara Lee Corp (SLE.N) said it had agreed to buy full rights of Senseo coffee systems from Philips Electronics NV (PHG.AS) for 170 million euros ($220.5 million), its latest move intended to bolster its international coffee and tea business. |
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Japanese private equity fund manager Advantage Partners will buy shares in home builder Yasuragi for 13 billion yen ($166 million) and take the company private, according to a statement issued by Yasuragi, writes Reuters. The Japanese buyout firm will pay 627 yen per share, a 60.8 percent premium to Thursday’s close of 390 yen. Reuters - Advantage Partners, one of Japan’s largest private equity fund managers, will buy shares in home builder Yasuragi for 13 billion yen ($166 million) and take the company private, according to a statement issued by Yasuragi. Advantage Partners, through a fund it manages, will buy the shares in Yasuragi from its shareholders as well as from the market. The Japanese buyout firm wi |
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The Sun Products Corporation, a North American manufacturer and marketer of fabric care and household care products, has named Jeffrey Ansell, currently president and CEO, chairman of the board. Sun Products is backed by majority shareholder Vestar Capital Partners. PRESS RELEASE The Sun Products Corporation, a leading North American manufacturer and marketer of fabric care and household care products, today announced that Jeffrey Ansell, currently President and CEO, has been named Chairman of the Board, effective immediately. “I am honored to have been named Chairman. I thank the Board for this great opportunity and look forward to leading Sun Products on its exciting growth journey.” |
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HDDP Holdings, owner of the Pronghorn resort located in Bend, Oregon has been recapitalized through the sale of approximately $55 million of existing secured debt to affiliates of The Resort Group, a resort and development company based in Hawaii. The transaction will allow for the continued funding of club operations. FocalPoint Securities served as the financial advisor to HDDP Holdings. Terms of the transaction were not disclosed. PRESS RELEASE HDDP Holdings, LLC, owner of the Pronghorn resort located in Bend, Oregon (“Pronghorn” or the “Company”) announced that it has been recapitalized through the sale of approximately $55 million of existing secured debt to affiliates of The Resort Group, a r |
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TA Associates Realty has acquired the America’s Gateway portfolio, a four-building distribution warehouse portfolio in Miami, for just over $19 million. CBRE Capital Markets marketed the portfolio and negotiated the transaction on behalf of the seller, Clarion Partners. PRESS RELEASE TA Associates Realty acquired the America’s Gateway portfolio, a four-building distribution warehouse portfolio in Miami, for just over $19 million. CBRE Capital Markets professionals Chris Riley, Christian Lee and Brian Budnick, with the help of Industrial leasing professionals Devin White and David Albert, marketed the portfolio and negotiated the transaction on behalf of the seller, Clarion Partners. Located in t |
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Quiznos, a quick-service restaurant chains, has completed its previously announced financial restructuring on an out-of-court basis. The agreement eliminates one-third – or approximately $300 million – of the company’s outstanding debt, and provides $150 million in new equity from Avenue Capital Group, a global investment firm. PRESS RELEASE Quiznos, one of the nation’s premier quick-service restaurant chains and pioneer of the toasted sandwich, today announced that the Company has successfully completed its previously announced financial restructuring on an out-of-court basis. The agreement eliminates one-third – or approximately $300 million – of the company’s outstanding debt, and provides a s |
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Edenred is investing €15 million ($19.7 million) in the Partech International VI fund, which is raising an initial €100 million. The fund will invest in young, fast-growing companies involved in the digital economy and offering new web-based, e-commerce and e-marketing services as well as new payment media solutions. Listed on the NYSE Euronext Paris stock exchange, Edenred helps organisations engage and motivate people for enhanced performance through the provision of flexible benefits, incentive and motivation solutions, expense management and communication services. PRESS RELEASE In line with its Invent 2016 strategy to prepare its expansion into new territories, Edenred recently announced a partnership with venture |
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Online digital music marketplace Murfie has closed a funding round of $1.4 million led by DaneVest Tech Fund along with angel investors including Barry Silbert, CEO of SecondMarket. The company has also been selected to be part of the TechStars Winter 2012 Boston Program. PRESS RELEASE Murfie, an online digital music marketplace that offers music enthusiasts a platform for buying, selling and trading their media collections in physical and digital formats, announced today it was selected to be part of the TechStars Winter 2012 Boston Program. Considered the No. 1 start-up accelerator in the world and touting selection rates lower than the Ivy League, TechStars chose Madison, Wis.-based Mu |
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Skyfire Labs, a provider of mobile video optimization and cloud solutions for mobility, has raised $8 million in its Series C financing. Verizon Investments, a subsidiary of Verizon Communications participated in the round, alongside current investors Matrix Partners, Trinity Ventures, and Lightspeed Venture Partners. Skyfire is based in Mountain View, Calif., in the heart of Silicon Valley. PRESS RELEASE Skyfire Labs, a leader in mobile video optimization and cloud solutions for mobility, today announced it has raised $8 million in its Series C financing. Verizon Investments LLC, a subsidiary of Verizon Communications Inc. participated in the round, along |
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peHUB First Read
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 K St. didn’t want a poster child but by gum they got one! How long can we play how low can you go with the Fed & the interest rate? You Again? Andreessen looks to take on another fund What Next? Facebook trades halt Skyfire packs in some bucks Feeling Bullish? Blackstone’s Wien likes the US economy Read more » |
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Steve Case: Washington is No Also-Ran
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 The reality, wrote Pearlstein, is that “almost of all of the high-tech work is done for the government,” and for a region facing a “decade-long decline in federal spending,” it needs to do more to reinvent itself as true peer of Silicon Valley and other tech ce... |
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S.E.A. Medical Systems said Wednesday that it has closed $3 million in series B round with JK&B Capital. David Kronfeld, JK&B Capital's chairman, and Barry Dickman, of Quantum Technology Partners, have joined S.E.A.'s board. Read more » |
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The Michigan Pre-Seed Capital Fund has invested $585,000 in three companies: Clean Emission Fluids, which provides patent pending clean energy technologies; Estrakon, which designs, develops and makes LED Edge-Lit signs and displays; and, Ix Innovations, a provider of electrical test and measurement instrumentation. Read more » |
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AVI-SPL, which is backed by Silver Lake Sumeru, has acquired Iformata Communications. Financial terms weren't announced. Iformata provides video managed services.
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Battery, Bay and USVP Could See 22x Return from Guidewire IPO
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 As a group, the three venture firms hold about 25 million shares valued at about $428 million at today’s closing price of $17.12. The firms invested a modest $19.5 million in the startup over four rounds (according to Thomson Reuters, publisher of peHUB), which means they saw a paper return of close to 22x on their investmen... |
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ModeWalk has received $1.8 million in funding led by Merus Capital. Palo Alto, Calif.-based ModeWalk is an online luxury retailer. Read more » |
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