Stripes Group Backs Audio Network

Stripes Group has made a significant minority investment in Audio Network, a London-based, international music platform that specializes in providing music for film, television, advertisements and online video use on a subscription basis. Stripes Group acquired an approximate 27 percent equity stake in Audio Network with the majority of its stake purchased from early angel investors.

Stripes Group Completes MyWebGrocer Sale

Stripes Group, a technology and consumer focused growth equity firm, has sold the entire stake held by SG Growth Partners I, L.P. in MyWebGrocer, a provider of digital marketing solutions for grocery stores and global consumer packaged goods (CPG) companies. As part of the private transaction, HGGC, a middle market private equity firm, completed a growth equity investment in the company.

Krossover Raises $3.5M In Angel Funding

Krossover said it raised $3.5 million in angel funding last year in a deal led by Ken Fox, managing partner of the Stripes Group; George Raveling, director of Nike Basketball International; Greg Cangialosi, CEO of Nucleus Ventures LLC;, David Troy, CEO of 410Labs; and other angels. The funding brings the capital raised by the sports […]

Elance Inks $16m Expansion Capital

Elance, an Internet platform used by businesses to gain instant access to independent workers online, has secured $16 million in expansion capital. The investment was led by the Stripes Group with existing investors, New Enterprise Associates and Kleiner Perkins Caufield & Byers, participating. PRESS RELEASE Elance, the Internet platform used by businesses to gain instant […]

Stripes Takes Minority Stake in eMarketer

Business information provider eMarketer has secured a $25 million minority investment from New York-based investment firm Stripes Group. Stripes’ equity stake was acquired by purchasing a portion of the equity held by early eMarketer investors, including the company’s major shareholder, Beehive Ventures and the company’s founders. PRESS RELEASE eMarketer, a business information provider covering digital […]

NY Boutique Preps Fund II, Might Need Placement Agent

Stripes Group is preparing to start raising its second fund earmarked for lower mid-market investments, a source close the effort told peHUB sister publication, Buyouts. The firm is currently in pre-marketing mode and is hoping to begin fundraising officially by 2012, or as early as the second quarter. It does not yet have a placement […]

Stripes Group Takes Majority Stake in Turtle Beach

Stripes Group has taken a majority stake in Voyetra Turtle Beach, a maker of gaming headsets, via a recap. Stripes Group is a New York private investment firm. News of the deal was announced by Cascadia Capital, an investment bank, which advised Turtle Beach.

Stripes Group Buys Into Sandata

Stripes Group has acquired a minority stake in Sandata LLC, a Port Washington, N.Y.-based provider of IT solutions to the home healthcare market. No financial terms were disclosed, except that TD Bank provided new senior debt financing.

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