SingTel Pays $321M For Amobee

Singapore Telecommunications Ltd., or SingTel, said Monday that it would pay $321 million to acquire Amobee Inc., a Redwood City, Calif.-based developer of mobile advertising technology. Amobee has raised venture financing from investors including Cisco Systems, Motorola, Telefonica, Vodafone, Accel Partners, Globespan Capital Partners and Sequoia Capital. SingTel is 55% owned by Singapore sovereign investor […]

Venture-Backed Open Mile Receives $3 Million Loan from NXT Capital Venture Finance

NXT Capital Venture Finance has provided a $3 million venture loan to Boston-based Open Mile, an online logistics provider backed by Charles River Ventures and Globespan Capital Partners. The money will be used to “finance key growth initiatives,” according to a release. NXT Capital Venture Finance, a months-old arm of  the commercial finance company NXT Capital, […]

ZeaChem Gets $232.5M U.S.D.A. Loan Guarantee

ZeaChem Inc. said it was selected for a $232.5 million loan guarantee from the U.S. Department of Agriculture’s 9003 Biorefinery Assistance Program. The conditional decision will allow the financing and construction of ZeaChem’s first commercial-scale cellulosic biorefinery. The company is backed by Mohr Davidow Ventures, Globespan Capital Partners, Firelake Capital, Birchmere Ventures, PrairieGold Venture Partners […]

CloudShare Has Big Eyes for 2012

(Reuters) – U.S.-Israeli start-up CloudShare, whose technology enables Web-based development and testing of software applications, expects to as much as triple sales in 2012 as its benefits from the rapidly growing cloud computing market. “I think next year we will be two to three times larger than this year in terms of sales,” CEO Guri […]

GlassHouse Technologies Pulls IPO Plans

GlassHouse Technologies, a provider of cloud, virtualization, security and data center managed services, has pulled plans for an initial public offering, the company announced Tuesday. GlassHouse, which has raised money from investors including Sigma Partners, Kodiak Venture Partners, GrandBanks Capital, Globespan Capital Partners and Paladin Capital Group, cited volatile market conditions as the reason for nixing its IPO plans.

PayPal Prez Hops on PerkStreet’s Board

PerkStreet Financial, the consumer financial services company, has welcomed a boldface-name to its board in Scott Thompson, who serves as president of Paypal. In fact, Thompson has a habit of turning up on popular companies’ boards, he’s also with the board of directors for Zuora, which announced a new funding round early Wednesday. “Thompson will be taking an active role in the continued development and execution of PerkStreet’s strategy to use the power of next-generation banking to save Americans money,” according to a statement from the company. PerkStreet’s backers include Highland Capital and Globespan.

Globespan, DFJ, Madrona Back Redfin Corp.

Redfin Corp. has raised $14.8 million from investors including Globespan Capital Partners, Madrona Venture Group, Vulcan Capital, Draper Fisher Jurvetson and Greylock Partners. The newest round brings Redfin’s total funding to nearly $46 million. The company will use the infusion to launch its technology-powered real estate brokerage in new cities and to deepen its investment in research and development.

ZeaChem Raises $19M From Birchmere, Mohr, Firelake, Globespan, Others

ZeaChem said it raised $19 million in Series C financing in a round led by Birchmere Ventures. Existing investors Firelake Capital, Globespan Capital Partners, Mohr Davidow Ventures, PrairieGold Venture Partners and Spring Ventures participated in the round. Birchmere partner Sean D.S. Sebastian joined the company’s board. Ross Pillari, former chairman and chief executive officer of […]

IBM Acquires Q1 Labs

IBM is acquiring Q1 Labs, a Waltham, Mass.-based company that sells security intelligence software. Financial terms of the deal were not disclosed, but Q1 Labs, founded in 2001and has received venture backing from Polaris Venture Partners, Menlo Ventures, BDC Venture Capital and Globespan Capital Partners among others over the years. PRESS RELEASE: IBM (NYSE: IBM) […]

Gild Buys Coderloop

Gild, which is backed by Globespan Capital Partners, has acquired Coderloop. Financial terms weren’t announced. Coderloop has developed an automated code evaluation and scoring platform.

GupShup Bags $10M More

GupShup, India’s premier social network and group messaging service, raised an additional $10 million from investors including Tenaya Capital, Globespan Capital Partners, Helion Ventures and Charles River Ventures, bringing the company’s aggregate funding to $47 million. VCs Brian Paul, managing director with Tenaya, and Venky Ganesan, MD with Globespan, worked on the deal.

Coskata Holds First Close on Series D

Coskata Inc., a developer of technology for the production of biofuels and biochemicals from biomass and waste materials, held a first close of its Series D round. The company did not disclose an amount for the round, but said that investors the Blackstone Group, Khosla Ventures, Total Energy Ventures International, ATV, Globespan Capital Partners, General Motors, Arancia and Sumitomo all participated. Coskata plans a final close of its round in the fourth quarter.

Palo Alto Networks Adds PwC Vet to Board

Palo Alto Networks, a network security firm, will add PwC vet and former McAfee Chairman Chuck Robel to its board of directors. His experience covers governance, accounting, M&A and tech strategy. Palo Alto Networks is backed by VCs including Greylock, Sequoia, Globespan, Northgate Capital and Jafco Ventures.

Gild Raised $2.4M From Globespan

Gild said it closed a $2.4 million round of funding led by Globespan Capital Partners. Globespan Managing Director Venky Ganesan will join the board of the San Francisco based site for developers. PRESS RELEASE Gild Secures $2.4 Million in Funding and Launches Major New Features to Help Developers Share and Compare Their Skills San Francisco, […]

Musical Chairs: Globespan Fills CFO Slot

Yesterday, peHUB reported that Globespan Capital Partners lost its only CFO since being spun from JAFCO Ventures in 2003. Turns out, they turned the situation around pretty quickly. While it happened in April, former CFO Mary Bevelock Pendergast’s departure still was a tough hit for the VC to take–since just before the JAFCO spin-out, she […]

CFO Splits Globespan as Zynga IPO Looms

Globespan Capital Partners CFO Mary Bevelock Pendergast has left the venture capital firm to take the same role at Fidelity Biosciences, peHUB has learned.

Fidelity Biosciences’s site states she has worked there as CFO since April 2011, yet, as of this afternoon, her bio page at Globespan remained operational.

ED NOTE: Nope, now it’s down.

Judging by Globespan’s description of her, Pendergast will leave a void behind in her wake. She managed all finance and administrative functions of the firm…

Kaminario Closes $15M Round

Newton, Mass.-based Kaminario, which develops high-performance SSD storage, has raised $15 million from venture investors. New investor Globespan Capital Partners joined existing shareholders Sequoia Capital and Pitango Venture Capital in the Series C round. Three-year-old Kaminario has raised a total of $34 million to date, and will use the latest infusion to expand sales and marketing efforts, and bolster its product line.

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