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Reuters – Jumptap Considers Possible IPO or Sale

Posted on: October 18, 2012 by Reuters NewsNo Comments »

Jumptap, a seven-year old mobile advertising startup, said it is considering either listing its shares or selling itself, writes Reuters. Jumptap, which has raised $121.5 million through seven rounds of funding, counts Summerhill Venture Partners, WPP Plc and AllianceBernstein among its investors.

Job of the Week: Real Estate Fundraising Picks Up and So Do New Hires

Posted on: May 31, 2012 by asormaniNo Comments »

This week’s job posting is for a position on the private real estate asset management team of a well respected international fund-of-funds.

Jumptap Taps Funding Market

Posted on: April 4, 2011 by PEHub AdministratorNo Comments »

Massachusetts-based mobile advertising marketer Jumptap has taken most of a planned $27.9 million financing, Web site MassHighTech reported. The Web site cited a regulatory filing in which Jumptap stated it has received about $20 million in funding thus far. Investors in Jumptap include General Catalyst, Redpoint Ventures, Summerhill Ventures, WPP, Valhalla Partners and AllianceBernstein.

AllianceBernstein Acquires Alternative Investments Group from SunAmerica

Posted on: October 1, 2010 by PEHub AdministratorNo Comments »

AllianceBernstein announced today that it has acquired SunAmerica‘s alternative investments group, which manages hedge fund and private equity fund investments. The transaction price wasn’t disclosed, nor was the amount of assets the alternative investment group manages. PRESS RELEASE: AllianceBernstein L.P. today announced that it has acquired SunAmerica’s alternative investments group, a team that manages a [...]

AllianceBernstein Loses 3.1% of Assets in August

Posted on: September 13, 2010 by PEHub AdministratorNo Comments »

PRESS RELEASE: AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) announced that preliminary assets under management fell to $467 billion from $482 billion during August 2010. The 3.1% decline was due to negative equity investment returns and net asset outflows, mainly from institutional accounts. Half of the institutional outflows were from a non-actively managed account [...]

Three More Firms Raise PPIP Funds

Posted on: October 5, 2009 by PEHub AdministratorNo Comments »

WASHINGTON (Reuters) – The U.S. Treasury Department will announce on Monday that three more funds have met requirements to get government financing that will let them begin purchases of banks’ so-called toxic assets. Treasury said last Wednesday, which was September 30, that Invesco Ltd and Trust Company of the West, or TCW, were the first [...]

A123 Didn’t Deliver Much Juice to VCs

Posted on: September 24, 2009 by Lawrence J. Aragon8 Comments »

It may have delivered a jolt to the IPO market, but battery maker A123 Systems didn’t produce a high-voltage charge for its venture backers.

A123 priced its shares at $13.50 this morning and they shot up to $20.29 by the end of the day, an increase of more than 50 percent. That was the best second-best debut of the seven VC-backed companies that have gone public this year and the second-best debut for any IPO on a U.S. exchange this year. (Updated: OpenTable rose 59% on its first day.)

Despite the impressive performance, the company’s backers didn’t see a huge return because they invested such a large amount in A123. (See table below)

Prior to its IPO, A123 raised more than $240 million from more than 15 investors over 11 rounds since 2001, according to Thomson Reuters (publisher of peHUB).

Alta Partners Invests in Avid Radiopharma

Posted on: May 21, 2009 by PEHub AdministratorNo Comments »

Avid Radiopharmaceuticals Inc., a developer of molecular imaging products, completed the first closing of a $34.5 million Series D financing led by Alta Partners. Existing investors AllianceBernstein, Safeguard Scientifics, Pfizer Venture Investments, Lilly Ventures, RK Ventures Group, LLC and BioAdvance. Press release: Avid Radiopharmaceuticals, Inc., a leader in the development of molecular imaging products, today [...]