Method CRM, a Toronto-based startup which provides businesses with affordable apps, has closed its first venture capital financing. The company secured C$3 million in Series A funding from Klass Capital, bringing Method’s total investment to date to C$6 million. The proceeds of the deal will be used to develop the company’s platform to integrate with Intaact, Wave, Xero, FreshBooks and other accounting and SMB applications. The Method financing is Klass Capital’s tenth since its founding in 2010. In 2012, Klass Capital LP, which totals C$50 million, was backed by Healthcare of Ontario Pension Plan.
(Reuters) – Private equity firms are sitting on $116 billion of assets trapped in so-called zombie funds that lie dormant
Author : reuters-news
Madrona Venture Group, a Seattle-based early-stage venture capital firm, said on Thursday that it has promoted Julie Sandler to principal.
Author : idorbian
The National Venture Capital Association said on Tuesday that Bobby Franklin will become its next president and CEO starting in
Author : idorbian
RTI Biologics has agreed to buy Pioneer Surgical Technology and is paying $130 million cash for the company’s stock. Water
Author : lbeltran
Big data company GoodData has raised a big round of $22 million, led by TOTVS Ventures, the investment arm of
Author : agoldfisher
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Babson Capital Management LLC said on Wednesday that it has provided subordinated debt and made an equity co-investment in High Road Capital Partners‘ acquisition of The Crown Group. No financial terms were […]
Iris Dorbian wrote a new post, Swedish PE Firm Segulah Advisor Names New Board Member 49 seconds ago
Segulah Advisor, a Stockholm-based private equity firm, said on Wednesday that it has named Lars Nyberg as a board member. Recently, Nyberg held several managerial positions in Philips and was a member of Philips […]
Iris Dorbian wrote a new post, ThousandEyes Receives $5.5 Mln in Series A Funding 1 minute ago
ThousandEyes said on Wednesday that it has raised $5.5 million in Series A funding. The lead investor was Sequoia Capital. According to the company, it will use the funding for expansion and growth. Headquartered […]
The Abraaj Group said on Wednesday that it has agreed to buy a 100% stake in Fan Milk International. No financial terms were disclosed. The transaction is expected to close by the end of November 2013. Fan Milk […]
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