PE HUB Second Opinion

In Second Opinion, GlaxoSmithKline is reportedly considering breaking up its group, Apple faces an iPhone ban in India over a government-mandated anti-spam app and Michael Cohen secretly taped conversations with Trump where they discussed payments to a former Playboy model who said she had an affair with the president.

PE-backed NavaDerm appoints executive team

NavaDerm Partners, a Northeast-based regional dermatology platform and portfolio company of BelHealth Investments Partners LLC, has named Alejandro Fernandez as CEO. Also, NavaDerm has appointed Edward Conway as chief financial officer and Kimberly Campbell as executive vice president of business development and recruiting.

PE-backed ATS buys Ranger Air

Aviation Technical Services, which is backed by JLL Partners, has acquired Ranger Air, a supplier of aircraft air frame and engine accessories and components. No financial terms were disclosed. XLS Partners was M&A adviser to Ranger Air on the deal.

Sun Capital targets $2.2 bln for seventh fund

Sun Capital Partners is seeking to raise $2.2 billion for is seventh fund, according to an SEC filing. The Boca Raton, Florida-based private equity firm is focused on “identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results,” says its website.

UK spaceflight company Orbex procures $39.6 mln

UK-based spaceflight company Orbex has raised $39.6 million in funding. The investors included UK Space Agency, Sunstone Technology Ventures, High-Tech Gründerfonds, Elecnor Deimos Space, the European Space Agency and the European Commission Horizon 2020 programme.

Even snags $40 mln

Oakland, California-based Even, a financial platform for working people, has raised $40 million in funding. Keith Rabois of Khosla Ventures led the round with participation from other investors that included Valar Ventures, Allen & Company, Harrison Metal, Ron Conway, Silicon Valley Bank and BCVP.

Galvanize garners $32 mln Series C

Galvanize, a technology workforce educator, has secured $32 million in Series C funding. Catalyst Investors led the round with participation from New Markets Venture Partners, ABS Capital Partners, University Ventures and the Colorado Impact Fund. In addition to the funding, Tyler Newton from Catalyst Investors will join the Galvanize board of directors. In addition to the funding, Galvanize is acquiring San Francisco-based Hack Reactor, an operator of immersive coding programs. No financial terms were disclosed.

AnyVision takes in $28 mln Series A

Israel-based AnyVision, a developer of artificial intelligence and computer vision technology, has secured $28 million in Series A financing. The lead investor was Bosch.

171 Views

FedData rakes in funding

McNally Capital has invested in Federal Data Systems, a provider of critical infrastructure and services to the Department of Defense and the national intelligence community. Other investors included Profile Capital Management and Pine Crest Capital. No financial terms were disclosed.

LoanSnap grabs $8 mln Series

San Francisco-based mortgage startup LoanSnap has raised $8 million in Series A financing. True Ventures led the round with participation from other investors that included Baseline Ventures, Virgin Group, Core Innovation Partners, Liquid 2 Ventures, OVO Fund and Transmedia Ventures.

HerdDogg lands $2.3 mln seed

Ashland, Oregon-based HerdDogg, a provider of precision livestock and remote animal health, has secured $2.3 million in seed financing. Serra Ventures led the round. As part of the transaction, Rob Schultz from Serra Ventures and Tom Trone, a former John Deere executive, have joined HerdDogg’s board of directors.

Points scores $8 mln

Singapore-based Points, a blockchain data collaboration protocol for better credit scoring and inclusive finance, has raised $8 million in funding. The investors included DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures and Zhong Cheng Xin Credit Technology.

Geospatial intelligence startup Ursa nabs $5.7 mln

Ursa Space Systems, a provider of geospatial intelligence solutions, has secured $5.7 million in funding. RRE Ventures led the round with participation from other investors that included S&P Global and Paladin Capital Group.