Intuit to buy VC-backed Check for about $360 mln

Intuit has agreed to acquire Check for approximately $360 million. The transaction is expected to close in the fourth fiscal quarter of 2014. Based in Palo Alto, Calif., Check is an app that helps users pay bills. Its backers include Morgenthaler Ventures, Pitango Venture Capital and Menlo Ventures.

Greenhouse Capital Partners leads $2 mln round for Neura

Early-stage tech firm Neura said Tuesday that it has closed $2 million in funding. Greenhouse Capital Partners led the round with participation from investors that included SingTel Innov8 Ventures, Pitango Venture Capital and TriplePoint Ventures.

Totango lands $15.5 mln funding

Totango has secured $15.5 million in Series B financing led by new investors from the Canvas Venture Fund and InterWest Partners, with participation from returning investors Pitango Venture Capital and Gemini Israel Ventures. Gary Little, managing director at the Canvas Venture Fund, and Doug Pepper, general partner at InterWest Partners, will join Totango’s board.

Formlabs Inks $19m Series A

Formlabs have announced $19 million in Series A financing. DFJ Growth led the round, joined by Pitango Venture Capital, Innovation Endeavors and many returning angel investors. Formlabs will use the capital to expand its product, design, and research teams, while growing its marketing and customer support capabilities internationally.

Reuters – EarlySense Raises $15m

EarlySense, an Israeli-U.S. developer of patient monitoring systems, has raised $15 million in a financing round led by Israeli fund Pitango Venture Capital. Existing investors that participated include JK&B, ProSeed VC Fund, Docor International Management and Bridge Investment Fund.

IBM Buys Worklight

IBM will acquire Israel-based Worklight, a maker of mobile software for smartphones and tablets. Terms of the deal were not released. The company was backed by investors including Pitango Venture Capital, Genesis Partners and Index Ventures.

Apple in Talks to Buy Anobit

Apple is in talks to buy Israel’s Anobit, a maker of flash storage technology, for as much as $500 million, according to a report published on Tuesday, writes Reuters. Anobit has raised $76 million from Battery Ventures, Pitango Venture Capital and Intel Capital since its founding in 2006, writes Reuters. (Reuters) – Apple Inc is […]

Pitango, Index, Back Evolven Software

VC firms Pitango Venture Capital and Index Ventures made an additional investment in Evolven Software, a provider of cloud technology and SaaS applications. Specifics were not publicized. Evolven is headquartered in the US with international operations.

YCD Multimedia Buys VC-backed C-nario

YCD Multimedia has acquired C-nario, a venture backed maker of high-end digital signage. Terms of the sale were not released. The company also announced, however, that it had closed on $6 million in new fundraising from investors including Carmel Ventures, Opus Capital, Pitango Venture Capital and Plenus. C-nario is backed by Carmel Ventures and Opus Capital. YCD is backed by Pitango Venture Capital, Plenus, Arts Alliance Digital Ventures, and others.

Valeritas Lands $150M Series C

Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.

Totango Closes $3.8M Series A

Totango, a Mountain View, Calif.-based maker of a real-time customer usage analysis platform, has closed on $3.8 million in Series A financing. Pitango Venture Capital led the round, which included existing investor Gemini. Totango also announced Thursday the launch of a public beta version of its technology.


VCJ Report: Retooling the Mideast Venture Scene

Last year was a lousy time for Israeli venture funds. In 2010, VCs in Israel raised zero capital. Zilch. Nada. Nothing. Already, that tide seems to be turning as Pitango Venture Capital is reportedly raising $350 million for its sixth fund, sources familiar with the matter told Globes. Still, as reporter Tom Stein writes in […]

Pitango Venture Capital Reportedly Looking to Round Up $350M

According to the Israeli newspaper Globes, the Israeli venture capital firm Pitango is setting out to raise a $350 million sixth fund. The firm, founded in 1993, closed its fifth fund in 2007 with $330 million. Amazingly, Pitango — whose LPs include the California Public Employees’ Retirement System, the Pennsylvania State Employees’ Retirement System, and […]

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.

VideoSurf Inks $16M Series C

Video discovery company VideoSurf has raised $16 million in Series C financing from Pitango Venture Capital and other, unnamed investors. The latest infusion brings VideoSurf’s total raised to $28 million. San Mateo, Calif.-based VideoSurf also said that it had recently sealed a patent for its computer vision technology. Israeli venture firm Pitango has more than $1.3 billion under management.

Bill Harris and Mark Goines Join Pageonce Advisory Board

Pageonce, a Palo Alto-based startup whose application is designed to make it easy for users to keep track of their cash on hand, upcoming bills, debt and investments, has brought aboard Bill Harris and Mark Goines as advisors and investors. Harris was formerly CEO of Intuit and PayPal; Goines was a senior exec at Intuit […]

Soccer Website Footbo Scores $2.5M More from Pitango–Report

Footbo, which operates an interactive website for soccer fans, has raised $2.5 million from Pitango Venture Capital, an Israel-based VC firm, according to a report on TechCrunch today. London-based Footbo previously raised $1.6 million from Pitango in February 2008, according to Thomson Reuters (publisher of peHUB). The earlier investment was made by Pitango’s fifth fund, […]

Corning Buys VC-Backed MobileAccess

Corning Inc. will acquire MobileAccess Networks Inc., a provider of wireless network technology, from a consortium of investors including Viola Group, Pitango Venture Capital, Poalim Ventures, Eurofund L.P., DeA Capital S.p.A., HarbourVest Partners, Ziegler Meditech Equity Partners and CDB Web Tech. The deal is expected to close during the first quarter of this year.

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