Medbox hires new CEO, president and board chair

Medbox said Thursday that it has named Guy Marsala as CEO, president and board chairman. Marsala is the former CEO of EZ Lube, a portfolio company of Goldman Sachs. Based in LA, Medbox is a dispensary infrastructure and licensing specialist, a patented technology provider and “partner to the cannabis industry.”

Movius grabs $13 mln in round led by PointGuard Ventures

Movius Interactive Corp. has received $13 million in funding. PointGuard Ventures led the round with participation from New Enterprise Associates and Anschultz Investments. Movius provides messaging and call completion solutions for the telecom sector.

MassMutual forms $100 mln venture firm

MassMutual said Thursday that it has launched MassMutual Ventures, a $100 million corporate venture firm. Its focus will be on backing startups and businesses “whose technologies have the potential to transform MassMutual’s core insurance, retirement and asset management businesses.” Based in Boston, MMV will be managed by Doug Russell, Eric Emmons and Mark Goodman.

Hony Capital invests in Deem

San Francisco-based cloud and mobile commerce firm Deem has closed $50 million in funding. Hony Capital was the lead investor. According to the firm, the capital will be used for growth, expansion and to make acquisitions.

ITOK rakes in $18 mln Series B

Lehi, Utah-based iTOK, a provider of IT-managed services and cloud-based solutions for small businesses, said Thursday that it has secured $18 million in Series B funding. ABS Capital Partners led the round with participation from Signal Peak Ventures. In addition to the funding, Laura Witt and Cass Gilmore of ABS Capital have been added to iTOK’s board of directors.


Carlyle agrees to sell ADA Cosmetics to Ardian

Ardian has agreed to acquire ADA Cosmetics International from The Carlyle Group, the firm announced Thursday. No financial terms were disclosed. Based in Kiehl, Germany, ADA Cosmetics is a maker of hotel cosmetics.

NextNav snags $70 mln Series D

NextNav has secured $70 million in Series D financing. New Enterprise Associates and Oak Investment Partners led the round with participation from Columbia Capital, Telcom Ventures and Goldman Sachs Investment Partners. In conjunction with the funding, Peter Barris, managing general partner at NEA, and Bandel Carano, managing partner at Oak, have been named to NextNav’s board of directors. Based in Sunnyvale, Calif. and McLean, VA, NextNav is a provider of location solutions for indoor and urban environments.

Commercial drone startup Airware grabs $25 mln Series B

San Francisco-based commercial drone startup Airware has closed $25 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from Andreessen Horowitz and First Round Capital. In addition to the funding, Mike Abbott, a general partner at KPCB, has been added to Airware’s board.

General Catalyst Partners backs PumpUp

PumpUp said Thursday that it has raised $2.4 million in funding. General Catalyst Partners led the round with participation from other investors that included Azure Capital Partners, Relay Ventures and Freycinet Investments. PumpUp is a social network for people interested in a healthy, active lifestyle.


Milestone Partners acquires PayLink

Milestone Partners said Thursday that it has acquired PayLink Payment Plans. No financial terms were disclosed. Based in Chicago, PayLink is a provider of payment financing and processing solutions for vehicle service contracts providers.

Cantor Fitzgerald Europe names consumer and retail director

Global financial services firm Cantor Fitzgerald Europe has hired Eric Bourguignon as director of consumer and retail in the firm’s corporate finance team. Previously, Bourguignon worked at HSBC Investment Bank where he served as senior vice president on the retail coverage team.

EQT Mid Market buys Dataflow

EQT Mid Market said Thursday that it has acquired Dataflow from the company’s founders. No financial terms were disclosed. Headquartered in Hong Kong, Dataflow is a provider of immigration compliance and credential verification solutions.

Cambridge Associates taps KPMG’s Koriath to head UK pension practice

Global institutional Investment advisor Cambridge Associates has named Alex Koriath as head of its UK pension practice. Prior to joining the company, Koriath worked at KPMG‘s investment advisory team in London, where he served as director and head of fiduciary management advisory services and head of manager research.

Synapsify bags $850K

Synapsify has received $850,000 in funding. The investors included Standup Capital and the Maryland Department of Business and Economic Development through the Maryland Venture Fund. Based in Bethesda, Maryland, Synapsify is a text analytics and search startup.

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget


VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget