VC-backed Kaltura acquires Rapt Media

Kaltura, a video tech provider, has acquired Boulder, Colorado-based Rapt Media, an interactive personalized video startup. No financial terms were disclosed. Kaltura’s backers include SAP Ventures, Nokia Growth Partners, Intel Capital, Nexus Venture Partners and Commonfund Capital.

VC-backed Prevail Therapeutics beefs up board with new addition

New York City-based Prevail Therapeutics Inc, a developer of gene therapies for patients with Parkinson’s disease and other neurodegenerative diseases, has named Dr. Francois Nader to its board of directors. Nader was the president, CEO and executive director of NPS Pharma. The investors included OrbiMed, Pontifax Fund, RA Capital Management, EcoR1 Capital, Omega Funds, BVF Partners LP, Boxer Capital LLC, Adage Capital Management LP and Alexandria Venture Investments.

PE-backed Tierra Nueva adds two to board

Miami-based Tierra Nueva Fine Cocoa LLC, a chocolate and coffee technology company, has named Dr. Deryck van Rensburg and Neil Dorfman to its board of directors. Van Rensburg is the Dean of Pepperdine University’s Graziadio Business School and Dorman is a 24-year veteran of Nestle. Tierra Nueva is backed by ProspEquity Partners.

Film producer Harvey Weinstein attends the 2016 amfAR New York Gala at Cipriani Wall Street in Manhattan, New York February 10, 2016. Reuters/Andrew Kelly

PE HUB First Read

First Read ushers in the holiday weekend with news that Harvey Weinstein is expected to turn himself in to NYC police, StumbleUpon is closing down after 16 years and woman says Amazon device recorded her private conversation, sent it to random contact.


PE HUB Second Opinion

In Second Opinion, Netflix is now worth more than Disney and Comcast, Facebook and Instagram launch a U.S. political ad archive and President Trump pulls the plug on his North Korea meeting with Kim Jong-un.

FairMarkIt snaps up funding

Boston-based FairMarkIT, a tail spend management firm, has secured an undisclosed amount of funding. The investors included NewFund Capital, NewStack Ventures, MassVentures and VT Technology Ventures.

CentralReach buys Chartlytics

CentralReach, which was backed by Insight Venture Partners, has acquired State College, Pennsylvania-based Chartlytics, a real-time behavior change analytics software provider. No financial terms were disclosed.