First read march 11
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peHUB First Read

This Tuesday morning First Read brings you the best way to invest in private equity, how to solve the industry’s recruiting dilemma, why European firms are lagging on gender diversity and what The Vatican is doing with its investment activity.

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Scivantage nabs $20 mln

Scivantage said Monday that it has closed $20 million in funding. The investors were ORIX Ventures, Comerica Bank, BBH Capital Partners and Edison Ventures. Based in Jersey City, NJ, Scivantage is a provider of tech solutions for the financial services sector.

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LogFire nets $8.25 mln Series A

LogFire said Wednesday that it has raised $8.25 million in Series A funding. Edison Ventures led the round with participation from Fulcrum Equity Partners. Headquartered in Atlanta, LogFire is a provider of cloud-based warehousing and in-store inventory management and fulfillment solutions.

Edison Ventures appoints new CMO

Edison Ventures said Thursday that it has hired Kelly Ford as chief marketing officer. Previously, Ford worked at SundaySky where she served as vice president of marketing.

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TrialScope pulls in more than $10 mln

TrialScope has received more than $10 million in funding. Edison Ventures led the round with participation from Dublin Capital Partners and NewSpring Capital. According to the firm, the capital will be used for growth and to fund its acquisition of Deloitte Analytics LLC assets. In addition to the funding and acquisition, James C. Walker, founder of Octagon Research, which is backed by Edison Ventures, and Michael Balmuth have been appointed to TrialScope’s board of directors. Based in Jersey City, NJ, TrialScope is a provider of clinical trial solutions.

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Offerpop grabs $15 mln Series C

Offerpop, a New York-based digital marketing platform, said Tuesday that it has raised $15 million in Series C funding. Edison Ventures led the round with participation from Hearst Ventures, a unit of Hearst Corp., Salesforce.com, Windcrest Partners, CommonAngels and Mesco. Bulger Partners provided financial advice on the transaction.

Salsa Labs bags $5 mln

Salsa Labs has secured $5 million in financing from Edison Ventures and Maryland Venture Fund. In addition to the funding, Norm Weissberg and Don Clarke have joined Salsa Labs’ board of directors. Based in Washington, D.C., Salsa Labs is a provider of software solutions for nonprofit organizations.

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Edison Ventures exits Uptivity

Edison Ventures has sold Uptivity to inContact. No financial terms were disclosed. Signal Hill advised Uptivity on the transaction. Based in Columbus, Ohio, Uptivity is a workforce management business.

VC-backed Compliance Science hires new CMO

Compliance Science, which is backed by Edison Ventures, said Tuesday that it has named Vivian Shpigler as chief marketing officer. Shpigler is a former senior vice president and CMO at Reval. Based in New York City, Compliance Science is a provider of governance, risk management and compliance solutions for the financial services sector.

Bottomline Technologies buys VC-backed Andera for $44.5 mln

Andera, a portfolio company of Edison Ventures, has been acquired by Bottomline Technologies for $44.5 million in cash and 102,000 shares of Bottomline stock. Based in Providence, Rhode Island, Andera is a provider of software that allows banking customers to originate and fund new accounts and loans from mobile devices.

fintech
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PayLease, FolioDynamix go up for sale

PayLease, which is backed by Mainsail Partners, is up for sale, while FolioDynamix, which is backed by Edison Ventures and ABS Capital Partners, is also on the block, sources told peHUB.

VC-backed Compliance Science hires new CFO

Compliance Science, which is backed by Edison Ventures, said Monday that it has named Scott Puma as chief financial officer. Previously, Puma worked at Axial where he served as vice president of finance. Based in New York City, Compliance Science is a provider of governance, risk management and compliance solutions for the financial services sector.

Marketing data firm NetProspex attracts $13 mln Series C funds

NetProspex has closed $13 million in Series C funding. Spring Lake Equity Partners led the round with participation from Edison Ventures and various previous backers. Based in Waltham, Mass., NetProspex is a provider of cloud-based B2B marketing data management solutions.

Edison Ventures exits stake in Liberty Tax

Edison Ventures has exited Liberty Tax. According to the venture firm, it received a return of just under 14 times from the sale of its investment in the tax preparation company. Liberty Tax went public in July 2012.

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