Richard Branson
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PE HUB Second Opinion

In Second Opinion, troubled smartphone maker BlackBerry plans on raising $600 mln in funding, Richard Branson survives brutal bike crash and North Korea says it can nuke the U.S. mainland.

Rheo scores $2.3 mln seed

Personalized video channel Rheo has raised $2.3 million in seed funding. Accomplice led the round with participation from other backers that included Pathbreaker Ventures, Social Capital and Social Starts.

BMC buys Stillwater Technologies

Brixey & Meyer Capital has acquired Stillwater Technologies, a provider of precision machining and resistance welding solutions for the communications, aerospace, defense, automotive and energy sectors. The sellers were Bill and Wanda Lukens. No financial terms were disclosed.

Denali racks up $130 mln Series B

South San Francisco-based Denali Therapeutics Inc, which is focused on developing treatments for patients with neurodegenerative diseases, has raised $130 million in Series B financing. Baillie Gifford led the round with participation from other investors that included ARCH Venture Partners, F-Prime Biosciences, Flagship Ventures and the Alaska Permanent Fund.

DPE to exit Westfalia-Automotive and Terwa

DPE Deutsche Private Equity has agreed to sell  Westfalia-Automotive and sister company Terwa to Horizon Global. No financial terms were disclosed. Germany-based Westfalia-Automotive is a maker of towbars, wiring kits and carrier systems for cars and light utility vehicles.

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InterWest Partners backs Gobiquity

Scottsdale, Arizona-based Gobiquity, a provider of mobile vision screening technology, has secured $6 million in Series B funding. The investor was InterWest Partners.

Uber, venture capital
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PE HUB Second Opinion

Second Opinion wraps up the day with news that Uber reportedly lost at least $1.2 bln in the first half, Tesla gets greenlight to acquire SolarCity and the world’s best students are ditching UK for countries with friendlier student visa policies.

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Songkick takes in $15 mln

Songkick, an artist-ticketing and concert discovery platform, has raised $15 million in funding. The investor was Access Industries. In addition to the funding, Songkick has hired Lydia Goldberg as vice president of product and Lee Martin as vice president of design.

Mint Solutions rakes in $5.6 mln Series B

Mint Solutions Holding BV, a Dutch developer of medication safety system MedEye, has secured 5 million euros (about $5.6 million) in Series B funding. The investors included BOM Capital, Life Sciences Partners, Seventure Partners and NSA Ventures.

Grabr picks up $3.5 mln

San Francisco-based Grabr, an international goods platform, has raised $3.5 million in funding. Alexey Repik of RBV Capital led the round.

Inscopix bags $10 mln Series A

Inscopix Inc, a brain mapping platform developer, has raised $10 million in Series A financing. The investors were Playground Ventures, AME Cloud Ventures and Floodgate Fund.

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Symphony Commerce pulls in $11 mln

Symphony Commerce, a provider of web store, inventory management and fulfillment capabilities, has raised $11 million in funding. The investors were CRV, Blue Cloud Ventures, Bain Capital Ventures and FirstMark Capital.

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JFLCO to buy Oldenburg’s heavy equipment group

J.F. Lehman & Company has agreed to acquire Oldenburg Group‘s heavy equipment group. No financial terms were disclosed. The new company will be renamed Lake Shore Systems. The deal is expected to close later in the year.