Joanna Glasner
TIO Networks, a bill payment service provider, has announced an agreement to acquire Globex Financial Services, which provides bill payment services to a number of U.S. utility companies. Under terms of the agreement, Globex shareholders will receive a one-time pre-closing dividend, of unspecified size, in addition to $8 million from TIO Networks. The full announcement […]
Large-cap technology companies didn’t exactly go on a spending spree in the second quarter. However, they did make at least a few big acquisitions. In the following slideshow, we take a look at the Top Ten.
Los Angeles-based venture firm GRP Partners has closed on a new fund totaling $200 million and changed its name to Upfront Ventures.
Blu Homes, a builder of green prefab homes, has raised an institutional round of investment totaling over $65 million. The full announcement is below: Blu Homes Raises Over $65 Million Company to Build Display Homes Nationwide SAN FRANCISCO and WALTHAM, MA—June 25, 2013—Blu® Homes, Inc. (“Blu”), the leading builder of precision-engineered, green prefab homes, […]
Flagship Ventures, the Cambridge, Mass.-based venture investor, has launched its firth entrepreneurial fellowship program, including eight fellows pursuing graduate degrees in science and engineering. The full announcement is below: Flagship Ventures Kicks-off its VentureLabs™ Entrepreneurial Fellowship Program Fellows to embark on VentureLabs’ unique exploration and venture creation process CAMBRIDGE, Mass., June 20, 2013 — […]
Digital coupon provider RetailMeNot has raised at least $265 million from venture investors in the past couple years to fund a spree of acquisitions and expand its market. Now, Austin Ventures and other backers are looking for a big return on investment from the company’s upcoming IPO.
Mirabilis Medica, a developer of ultrasound technology for treatment of uterine fibroids, announced an initial closing on $7 million as part of a series A-1 financing of up to $13 million led by GSR Ventures.The full announcement is below: Mirabilis Medica, Woman’s Healthcare Company, Announces Initial Closing In Financing Of Up To $13 Million Led […]
When a company’s shares pop after an IPO, it’s common to hear griping that it left money on the table and should’ve priced shares higher. But one VC says nothing could be further from the truth.
At the end of a two-day conference celebrating all that is venture capital, a quartet of limited partners offered some pointed criticism on what the industry – and the bulk of its practitioners – are doing wrong.
Networking technology company Cyan posted flat first-day performance in its Thursday IPO. But the offering still stands to deliver moderately positive returns for venture backers, including Norwest Venture Partners and Azure Capital.