PNC Riverarch Capital invests in Five Star

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.


PE HUB Second Opinion

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 inks $8 mln in Index Ventures-led round

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 fetches $8.25 mln

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.

Trilantic-baked FDS buys Raging Bull

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.

KredX nets $6.25 mln Series A

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.

KNL Networks pulls in more than $10 mln Series A

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.

GCA Altium promotes three

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.

Student lender MPOWER attracts $6 mln Series A

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.

LFE Capital leads Series B round for eMindful

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 racks up $41 mln

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.

StreamLink Software takes in $10 mln

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.