LSP garners $100 mln for new fund

LSP said Tuesday that it has raised $100 million in the first close of its new fund LSP 5. The target is $150 million. Its LPs include unnamed institutional and private investors from Europe and the U.S. The pool will focus on emerging private medical firms.

AnyPresence nabs $6 mln

Reston, Virginia-based cloud-based mobile platform provider AnyPresence said Tuesday that it has closed $6 million in funding. CNF Investments led the round with participation from Kinetic Ventures, Grotech Ventures and Citrix.

Imperial Capital invests in MRO

MRO Corp. has received an undisclosed investment from middle market private equity firm Imperial Capital Group. MRO is a disclosure management and health information exchange.

Balance Point Capital Partners backs Food Evolution

Food Evolution has secured an undisclosed investment from Balance Point Capital Partners. Akoya Capital Partners, Plexus Capital and Food Evolution’s current management also participated in the round. In addition to the funding, Chris Franco has been named the company’s CEO while Lou Nieto has been added to its board of directors. Headquartered in Schiller Park, Illinois, Food Evolution is a producer of food service products and outsourced commissary solutions.

San Francisco advertising startup Sharethrough nets $10 mln

According to a blog post on its site, San Francisco-based advertising startup Sharethrough has received $10 million in funding. British Sky Broadcasting led the round with participation from FLOODGATE, Elevation Partners, North Bridge Venture Partners and Silver Creek Ventures. To read more about the funding, visit here.

Verdesian buys PE-backed QC

Verdesian Life Sciences said Tuesday that it has bought QC Corp, which is backed by Paine & Partners. No financial terms were disclosed. Headquartered in Baltimore, QC is a provider of granular and dry micronutrients and ferrous sulfate products.


Leeds Equity invests in Covenant Review

Leeds Equity Partners has made an undisclosed investment in Covenant Review. The transaction was done with Covenant Review’s Adam Cohen and Paul Ciasullo, both of whom will continue to lead the firm. The Jordan Edmiston Group represented Covenant Review on the deal. Based in New York, Covenant Review is a provider of fixed income research and analysis services.

KPCB leads Series C round for Remind

Remind said Tuesday that it has raised $40 million in Series C funding. Return backer Kleiner Perkins Caufield & Byers led the round with participation from The Social+Capital Partnership and First Round Capital. Remind is a mobile communication product for teachers, students and parents.


Pritzker Group adds two as senior advisors

Pritzker Group Private Capital has hired Keith Harrison and Jamie Bellanca as senior advisors. Previously, Harris worked at Procter & Gamble where he most recently served as its global product supply officer while Bellanca was vice president of Cleversafe’s advanced technology group. Currently, Bellanca is technology consultant for Baird Capital.

VC-backed Interlude names president and COO

Interlude, a New York-based digital media company that designs, develops and markets interactive video technology, has hired Jim Spare as president and chief operating officer. Spare is the former CEO of Canesta. Interlude’s backers include Sequoia Capital, Intel Capital, NEA, Marker and Innovation Endeavors.

VC-backed SOASTA appoints former Sierra Ventures partner as CSO

SOASTA said Tuesday that it has hired Gamiel Gran as chief strategy officer. The appointment is effective immediately. Previously, Gran worked at Sierra Ventures where he was a partner. Headquartered in Mountain View, Calif., SOASTA is a provider of cloud and mobile testing solutions. Its backers include Macquarie Capital, ROTH Capital, Canaan Partners, Formative Ventures and Pelion Venture Partners.

Roark Capital’s Wingstop names new CFO

Wingstop Restaurants, a portfolio company of Roark Capital Group, has hired Michael Mravle as chief financial officer. The appointment is effective immediately. Mravle will be replacing Lance Loshelder who has been named the company’s executive vice president of finance. Previously, Mravle worked at Bloomin’ Brands where he most recently served as group vice president of financial planning & analysis and U.S. CFO. Headquartered in Dallas, Wingstop Restaurants is a restaurant franchise.


Delphi Automotive to buy PE-owned Unwired Technology

Delphi Automotive has agreed to buy Unwired Technology, which is owned by American Capital. No financial terms were disclosed. The deal is expected to be completed in the fourth quarter of this year. Headquartered in Auburn Hills, Michigan, Unwired is a provider of USB connectivity modules and wireless headphone systems for the global automotive sector.

Industry Ventures closes $170 mln for fund of funds

San Francisco-based Industry Ventures has raised $170 million for its latest fund of funds, Industry Ventures Partnership Holdings III. The fund will focus on primary commitments and early secondary purchases in smaller venture capital funds as well as direct investments alongside its managers.

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