Startup Andela launches with seed round

Technology company Andela has launched with a seed round of funding. Investors include Steve Case, Omidyar Network, Founder Collective, Rothenberg Ventures, Learn Capital, Melo7 Tech Partners, and Chris Hughes. The size of the round is undisclosed.

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GSO Capital’s TBC Holdings acquires LocalVox Media

TBC Holdings, a holding company created to acquire and manage advertising, marketing and technology companies has acquired New York-based LocalVox Media. LocalVox provides a range of marketing software platforms targeting local and multi-location businesses. TBC Holdings is backed primarily by affiliates of Blackstone’s GSO Capital.

Tiger Infrastructure to acquire stake in Hudson Fiber Network

Tiger Infrastructure Partners is to acquire a majority interest in Hudson Fiber Network. Further terms of the transaction were not disclosed. Established in 2002 and headquartered in Paramus, New Jersey, Hudson Fiber Network is a data transport provider for financial, carrier and enterprise clients.

COTA raises Series A funds

COTA has closed $3.7 million in a planned $7 million Series A funding round led by Horizon Healthcare Services with participation from Med-Metrix. COTA is a big data platform designed by practicing oncologists to deliver real-time clinical outcomes data and cost analysis for cancer care.

Agari raises $15 mln led by Scale Venture Partners

Agari, a provider of real-time, data-driven security solutions has secured a $15 million Series C funding round led by Scale Venture Partners. Existing investors Alloy Ventures, Battery Ventures, First Round Capital and others also participated.

Traxpay closes $15 mln series B

Traxpay, a B2B payment business, has closed $15 Million in series B funding. The oversubscribed round was led by the corporate incubator of Commerzbank and Software AG with existing investors Earlybird Venture Capital and former senior Apax partner, Michael Phillips of Castik Capital Partners, also participating in the round.

First read sept 23
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peHUB First Read

This Tuesday morning read all about Credit Suisse having its wrists slapped for risky lending, when the best time to court a VC founder is and whether CalPERS withdrawing from hedge funds is the start of an institutional trend freeing up more funds for private equity.

Global Environment Fund appoints MD

Global Environment Fund has appointed Anibal Wadih as a managing director based in São Paulo, Brazil as a member of the Latin America investment team. He joins GEF from Canepa Management where he was a partner responsible for direct investments and business development throughout Latin America.

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CalSTRS to boost clean energy, tech investment

California State Teachers’ Retirement System (CalSTRS) has announced plans to increase current clean energy and technology investments from $1.4 billion to $3.7 billion over the next five years in an effort to increase low-carbon investments.

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