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Jobs of the Week: Apollo, Blackstone, NYSTRS and SVB Hiring in London and NYC

Posted on: May 14, 2013 by asormaniNo Comments »

This week peHUB is showcasing a director vacancy in the life sciences space, plus accounting and real estate openings at two top buyout houses based in London and New York. There are also two private equity posts looking to be filled at New York State Teachers’ Retirement System.

Study Finds 87% Of Tech Startups Hiring This Year

Posted on: April 23, 2013 by Mark BosletNo Comments »

A report by Silicon Valley Bank finds 87% of technology startups plan to hire in 2013. The Startup Outlook report is based on a survey of more than 750 startup executives in the United States and 125 in the United Kingdom. In the U.S., hiring intentions are up 14% from four years ago, when the annual survey began.

Angels Continued To Pay Up For Deals In 2012

Posted on: April 16, 2013 by Mark Boslet1 Comment »

Angel investors continued to pay up for deals in 2012, though the median round size slipped slightly for the year, according to the Halo Report of angel group investment trends.

Mattson Technology Secures Revolving Credit Facility

Posted on: April 15, 2013 by asormaniNo Comments »

Mattson Technology, a supplier of advanced process equipment used to manufacture semiconductors, has entered into a three-year revolving credit facility for $25 million with Silicon Valley Bank, part of SVB Financial Group. Upon closing, the company borrowed $10 million under this facility with an annual interest rate of 4.75 percent.

Axesstel Secures $2.25 Million Loan from Silicon Valley Bank

Posted on: April 4, 2013 by Connie LoizosNo Comments »

Axesstel, a San Diego-based maker of wireless voice, broadband access and connected home software, has secured a three-year, $2.25 million term loan with Silicon Valley Bank, the California bank subsidiary and commercial banking operation of SVB Financial Group.

AccessData Secures Funding from Sorenson Capital

Posted on: March 18, 2013 by asormaniNo Comments »

AccessData Group has secured backing from Sorenson Capital Partners and Silicon Valley Bank. The funding allows AccessData to reduce outside ownership and add Sorenson as a long-term partner.

PeopleMatter Raises $19M, Led by Scale Venture Partners

Posted on: March 5, 2013 by Connie LoizosNo Comments »

PeopleMatter, a Charleston, S.C.-based maker of HR software, has raised $19 million in Series B funding, led by Scale Venture Partners, whose partner, Rob Theis, has joined the board. Previous PeopleMatter investors Intersouth Partners, Morgenthaler Ventures, Harbert Venture Partners, Noro-Moseley Partners, C&B Capital and Silicon Valley Bank also contributed to the funding.

Vero Software Lands Acquisition Financing from Silicon Valley Bank and HSBC

Posted on: February 21, 2013 by Connie LoizosNo Comments »

Vero Software — a computer aided design (CAD) and computer aided manufacturing (CAM) company based in Cheltenham, England — has received an undisclosed amount of money from senior lenders Silicon Valley Bank and HSBC to acquire Sescoi International, another CAD/CAM software company. Vero, which did not publish the purchase price, is a portfolio company of Battery Ventures.

Optimal Inks $7m in New Funding

Posted on: January 22, 2013 by asormaniNo Comments »

Optimal has secured $7 million in funding. New investors include DoubleRock, The Social Internet Fund, Siemer Ventures, Signal Ventures, John Pappajohn, Warren Adelman (former CEO of GoDaddy), Social Starts, James Altucher and Silicon Valley Bank. Paul Suh has joined the company as chief financial officer effective immediately.

Angels Invest Aggressively in 3Q with a Growing Interest in Mobile

Posted on: January 11, 2013 by Mark BosletNo Comments »

Angels continued to aggressively put money to work in the third quarter of last year, with medianl round size jumping to a 15-month high and dollars going to mobile startups rising to 16.5% of total investments.