PNC Riverarch Capital has acquired Five Star Food Service Inc, a provider of on-site food and beverage solutions. No financial terms were disclosed. HarbourVest Partners, Five Points Capital and Five Star management were major co-investors to PNC Riverarch on this transaction. Twin Brook Capital Partners, NXT Capital and MidCap FInancial Services provided the senior debt financing.
In Second Opinion, Qualcomm agrees to acquire NXP for $38 billion, IRS impersonators are accused of stealing millions from the elderly and Uber plans to make flying cars a reality.
Imzy has secured $8 million in Series A funding, according to a blog post on its site. Index Ventures led the round. Concurrent with the funding, Danny Rimer, a partner at Index Ventures, has been added to Imzy’s board of directors. Based in Salt Lake City, Imzy is a platform for online communities for people with similar interests.
Onit Inc, a provider of enterprise legal management solutions, has raised $8.25 million in funding. Level Equity Management LLC led the round with participation from other backers that included Austin Ventures and The Texas Halo Fund. In addition to the funding, Sarah Sommer, a founder and partner at Level Equity, has been added to Onit’s board of directors.
UK-based bag maker Knomo has raised 3 million pounds in funding. The backer was Rockpool Investments.
UK-based Perkbox, an employee engagement firm, has raised 2.5 million pounds in funding. The investor was Draper Espirit.
Fluid Delivery Solutions LLC, a portfolio company of Trilantic North America, has acquired Raging Bull Oilfield Services LLC, a Carlsbad, New Mexico-based water transfer and equipment rental business focused on the Permian basin. No financial terms were disclosed.
India-based KredX, an invoice discounting marketplace, has raised $6.25 million in Series A funding. Sequoia India led the round with participation from Prime Venture Partners.
Finland-based KNL Networks, a provider of software-defined and cognitive radio technologies to help users stay connected, has raised over $10 million in Series A funding. The investors included Creandum, Inventure and Butterfly Ventures.
Verizon has acquired the technology of Vessel, it was announced in a blog post on the latter’s site. No financial terms were disclosed. As a result of this transaction, Vessel, a San Francisco-based subscription video service, will be shutting down its service on October 31, 2016. Vessel’s backers included IVP, Benchmark, Bezos Expeditions and Greylock Partners.
BrainCheck, a mobile brain health tracking solution, has raised $3 million in funding. The investors were not named.
Investment bank GCA Altium has promoted Dominic Orsini and Adam Sivner to directors and Mark Smith to assistant director. Orsini first joined the company in 2012 while Sivner came on board in 2008. And, Smith has been with GCA Altium since 2014.
Värde Partners and Titanium Exploration Partners LLC has bought the oil and gas assets in the STACK play in Oklahoma and in the Eagle Ford Shale play in Texas. No financial terms were disclosed.
MPOWER Financing, a student loans provider, has raised $6 million in Series A funding. Zephyr Peacock India Fund led the round with participation from other backers that included 1776 Ventures, Goal Structured Solutions, VilCap Investments, DreamIt Ventures, Fresco Capital and University Ventures.
Dallas-based software company FireScope Inc has secured an undisclosed amount of funding. CDK Ventures was the lead investor.
Vero Beach, Florida-based eMindful, a provider of programs that address stress and resilience, metabolic syndrome, chronic pain, diabetes, tobacco usage and cancer, has raised $6.85 million in Series B funding. LFE Capital led the round with participation from other backers that included One Earth Capital, Bridge Builders Collaborative, New Ground Ventures and Fairground Capital. In conjunction with the funding, Leslie Frecon, a managing partner at LFE, has been added to eMindful’s board of directors.
Cloudian Inc, a provider of hybrid cloud object storage systems, has closed $41 million in financing. The investors included Lenovo, City National Bank, Epsilon Venture Partners, DVP Investment, Intel Capital, INCJ, Eight Roads and Goldman Sachs.
Cleveland-based StreamLink Software, a board and grant management SaaS technology provider for nonprofit and public sector organizations, has raised $10 million in funding. The investors included JumpStart Inc, First Analysis, North Coast Venture Fund, Hyde Park Venture Partners, Hyde Park Angels, Blu Venture Investors, Silicon Valley Bank and North Coast Angel Fund.