SmartDrive Raises $47 Mln in Funding

SmartDrive Systems has raised $47 million in additional venture funding led by Oak Investment Partners and New Enterprise Associates. Stanford University, a new investor, also participated. San Diego-based SmartDrive provides driving intelligence solutions that aim to improve safety, reduce collisions and improve fuel efficiency. PRESS RELEASE SmartDrive Systems, a market leader in driving intelligence solutions […]

Castlight Appoints Driscoll as President

Castlight Health, a provider of health care transparency solutions for employers and payers, has appointed John Driscoll as president. Castlight Health is headquartered in San Francisco and backed by investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome […]

SunSun Lighting Raises $30M From GSR, Oak, Angels

SunSun Lighting said it raised $30 million in Series B financing from GSR Ventures, Oak Investment Partners and several angel investors. Oak led the round, and Allan Kwan, a China-based adviser for the firm, is joining the board. PRESS RELEASE SunSun Lighting — “LED Light Bulb Company” — Attracts $30 Million In Financing From GSR […]

ILS Appoints to Board

Independent Living Systems, a provider of care to the elderly and special needs populations has appointed four new members to its board of directors. The new appointments include Michael Leavitt, chairman of Leavitt Partners and former secretary of the US department of health and human services; Jay Rosen, health policy and economics expert at Health […]

Oak Leads $11M Round for Milyoni

Social entertainment company Milyoni has raised $11 million in a Series B round led by Oak Investment Partners. Previous investors ATA Ventures and Thomvest Ventures also participated in the round. The money will be used for further development as well as to open offices in Los Angeles and New York. PRESS RELEASE Milyoni, the leader […]

China’s B5M Raises $7.1M From Oak, Glosis

B5M said it raised $7.1 million in Series A investment led by Oak Investment Partners and Giosis Holdings. The Chinese social shopping search engine will use the money to develop its website and for marketing. Allan Kwan and Youngbae Ku will join the board. PRESS RELEASE CHINESE SOCIAL SHOPPING SEARCH ENGINE B5M SECURES $7.1 MILLION […]

Trapit Secures Series A

Web searching facility Trapit has closed a $6.2 million Series A round of venture funding led by Horizon Ventures of Hong Kong. Trapit has also announced that Rob Majteles, founder and managing partner of Treehouse Capital and a venture partner with Oak Investment Partners, has joined the board of directors. Trapit was founded in 2009 […]

Investors Recap Independent Living Systems

Oak Investment Partners and Mansa Capital have recapitalized Independent Living Systems, a provider of long-term care, care management, post-discharge and nutrition services to the elderly and other special needs groups. Terms of the deal were not released.

Boston-Power Raises $30M From GSR, Oak, Foundation Asset

Boston-Power Inc. said it raised $30 million in new private equity. Existing investor GSR Ventures led the deal and Oak Investment Partners and Foundation Asset Management participated. The funding is an add-on to the $125 million round of funding the lithium-ion battery company announced in September. The September round included growth capital and Chinese government […]

ABB Backs GreenVolts

ABB Technology Ventures, the venture arm of power and automation technology group ABB, has put roughly $20 million into GreenVolts as part of a $35 million round for the California-based photovoltaic technology company. Existing investor Oak Investment Partners also contributed to the round. ABB said that it was taking a “substantial minority stake” in GreenVolts.

Bonds.com Secures Strategic Investment

Bonds.com Group has secured a strategic investment from Michel Daher, chairman of Daher Bonds Investment Company. Other investors include Mida Holdings, Oak Investment Partners, and GFINet Inc. The total raised is $16.6 million. Bonds.com serves institutional fixed income investors by providing a zero subscription fee online trading platform for corporates. PRESS RELEASE Bonds.com Group, Inc. […]

Oak and Gobi File Against VisionChina

Oak Investment Partners and Gobi Partners has filed a motion for partial summary judgment in the Supreme Court of the State of New York against VisionChina Media. The VC firms are seeking a judgment of $60 million, plus interest, for VisionChina’s failure to make $60 million in payments due for its 2010 acquisition of Digital […]

TxVia Appoints Independent Director

VC-backed TxVia has apointed Donald W. Layden as an independent director. Txvia is backed by Bain Capital Ventures and Oak Investment Partners. The company provides an advanced operating system to enable emerging payments and financial services.

Rearden Commerce Nets $133M, Buys HomeRun.com

American Express, JPMorgan Chase and Citi joined together to provide Rearden Commerce, the e-retailer with $133 million in development capital, some of which was used to acquire HomeRun.com, a daily deals site. Specifics of the acquisition were not publicized. Other Rearden include Vinod Khosla and Oak Investment Partners.

Bleacher Report Hits Fundraising Home Run

Oak Investment Partners, Hillsven Capital and Crosslink Capital joined to pour $22 million into Bleacher Report, the online sports site. Fred Harman, a general partner with Oak, joins the company’s board of directors. The site has a number of partnerships with traditional media outlets as well.

nLIGHT Inks $17.5M Series E

nLIGHT Corp., a maker of high-power semiconductor-based lasers, has raised $17.5 million in Series E financing. The latest round brings the company’s total financing to about $110 million. nLIGHT will use the new money to expand its business. The company’s existing shareholders Oak Investment Partners, Mohr Davidow Ventures and Menlo Ventures all participated in the round.

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