Iris Dorbian
SCS Capital Management has raised $52.1 million for its fifth private equity fund, according to an SEC filing. No target was specified in the document.
SB Drive, an autonomous vehicle joint venture between SoftBank Corp and Advanced Smart Mobility, has secured JPY 510 million (about $4.6 million) in funding. Yahoo! Japan was the lead investor providing JPY 490 million (approximately $4.4 million) while SoftBank provided about JPY 190 million (about $1.7 million). As a a result of the funding, SoftBank has a 51.1 percent stake in SB Drive, Yahoo! JAPAN has a 48.6 percent stake and Advanced Smart Mobility holds a 0.3 percent stake.
Irvine, California-based Alteryx Inc, a provider of self-service data analytics software, has raised $126 million for its IPO after pricing its 9 million shares at $14 per share. The stock began trading March 24, 2017 on the New York Stock Exchange under the ticker symbol "AYX." Goldman Sachs and J.P. Morgan Securities LLC are serving as the lead underwriters. Alteryx’s backers included Iconiq Capital, Insight Venture Partners and Meritech Capital Partners.
San Francisco-based Cantaloupe Systems, a software provider for the vending industry, has named Robert Niehaus to its board of directors. The appointment is effective immediately. Niehaus is the chairman and founder of GCP Capital Partners LLC.
Odyssey Real Estate Capital, Gordon Brothers Group and New Mill Capital Holdings have sold a Littleton, Massachusetts-based industrial plant once owned by Sunny Delight Beverages. The buyer was not identified. No financial terms were disclosed.
Venture Technologies, which is backed by FlatWorld Capital, has acquired Naperville, Illinois-based NetSource Communications, a provider of internet hosting services to small and medium-sized businesses. No financial terms were disclosed.
First Read ends your week with news House Republicans postpone vote on healthcare bill, Riverstone, retired energy exec raise $1 bln SPAC and Twitter considers premium product for professionals.
Praesidian Capital has sold its stake in PromptCare Companies for $23 million. The buyer was not specified. Based in Clark, New Jersey, PromptCare, which is backed by MidMark Capital, is a regional provider of specialty respiratory products and infusion therapy services.
Second Opinion wraps up the day with news that WikiLeaks releases a new batch of documents showing the CIA's Mac-related hacking exploits, struggling music service SoundCloud raises $70 million in debt funding and the London attacker has been identified as Khalid Masood, a British-born man.
Quantopian, a provider of an algorithmic trading platform and educational community, has appointed Leslie Baccini as director of investor relations. Previously, Baccini worked at The Boston Company. Quantopian's backers include Andreessen Horowitz, Bessemer Venture Partners, Point72 Ventures, Khosla Ventures and Spark Capital.