We had a great turnout for Emerging Manager Connect East conference last Thursday at the Grand Hyatt in New York City. We’ve loaded 35 photos from the event to a photo album in our PE Hub Network page on Facebook. Check them out here. And don’t forget to “like” our page while you’re there!
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Will Barack Obama become a venture capitalist when he leaves office? Speculation is running high after a recent interview Obama did with Bloomberg. When asked what industries he might go into, the President replied: “Well, you know, it’s hard to say. But what I will say is that — just to bring things full circle about innovation — […]
The venture capital industry lost one of its fathers. Tom Perkins, who co-founded Kleiner Perkins Caufield & Byers in 1972, died Tuesday, June 9, according to published reports. He was 84.
CareerFoundry, which offers online classes for technology workers looking to advance their careers, announced it has closed on $5 million in Series A funding. Investors in the Berlin-based company include Tengelmann Ventures, Bauer Venture Partners and IBB Beteiligungsgesellschaft.
Takipi, which makes software that helps developers debug code, announced it closed a $15 million Series B round led by Lightspeed Venture Partners with participation from Series A investor Menlo Ventures. The San Francisco-based company has raised a total of $22 million in venture funding to date.
Medical device maker NeuWave Medical Inc has been acquired by Johnson & Johnson subsidiary Ethicon, according to an announcment by HIG BioHealth Partners, an investor in NeuWave. Terms of the deal were not disclosed. NeuWave, based in Madison, Wisconsin, had previously raised $44.5 million over four rounds, CrunchBase reported. Most recently, NeuWave pulled in a $25 million Series C round in May 2015 led by Versant Ventures with participation from HIG, the State of Wisconsin Investment Board, and Venture Investors.
TapInfluence, an online platform that connects brands with digital media influencers, announced it has closed $14 million in venture capital financing led by Noro-Moseley Partners. Also participating in the round were existing investors Grotech Ventures and Access Venture Partners, new investor Knollwood Investment Advisory, accelerator MergeLane and angel investor Robin Ferracone.
Waltz Networks announced that it has raised $6.75 million in Series A funding from venture capital firm New Enterprise Associates to create self-managing computer networks. The San Francisco-based company also received a $1.4 million grant from the National Science Foundation, bringing total funding to $8.15 million.
Covalent Data Inc, which helps technology developers find licensing opportunities, announced it has completed a $1.2 million Series A-1 round, bringing its total funding to date to $4.8 million. The round was led by High Country Venture. Previously, the Denver-based company raised a $1 million seed round in July 2012 and $2.5 million in the first traunch of its Series A in November 2013 from High Country Venture and Techstars Ventures, according to CruchBase.
TargEDys, which develops drugs and other medical products to regulate appetite, announced it has raised 5.8 million euros ($6.53 million) in a Series A round from Seventure Partners, NCI and Pontifax. The Rouen, France-based company will use the financing to launch human clinical studies for its products.
Business development company Main Street Capital Corp (NYSE: MAIN) announced it will exit SambaSafety (aka Safety Holdings Inc) following a “majority recapitalization” of the Albuquerque-based company by ABRY Partners. Terms of the deal were not disclosed. “This transaction will result in the repayment of Main Street’s debt investment and the exit of Main Street’s equity investment in SambaSafety,” Main Street said in a statement. ABRY previously announced that it had acquired a majority of SambaSafety for an undisclosed amount on April 6.
General Atlantic announced it has invested $61 million in Flipp Corporation to fuel growth at the company, which enables consumers to use their smart phones to access digital circulars from more than 800 retailers. GA joins Insight Venture Partners as a minority shareholder in the company. As part of the investment, GA Vice President Zachary Kaplan has joined Flipp’s board of directors. Formerly known as Wishabi, Flipp was founded in 2007 by former Microsoft engineers and previously raised $1 million in seed funding from an unnamed investor in January 2006, according to CrunchBase.
Nylon Media, which is backed by Diversis Capital LLC and investor Marc Luzzato, has named Jamie Elden its president and chief revenue officer (CRO). Elden was previously CRO and head of entertainment at Federated Media, a subsidiary of Media General Company.
Shape Technologies Group Inc, a portfolio company of American Industrial Partners, announced it has acquired Tops Co Ltd of South Korea. Terms of the deal were not disclosed. Both companies are suppliers of waterjet technology. AIP, which focuses on middle-market buyouts, acquired Shape in 2013, investing an undisclosed amount from its fifth fund, according to its website. Shape, based in Kent, Washington, has about 1,100 empoloyees in 18 sites around the world and produces annual revenue of $390 million, AIP’s website said. AIP closed on $1.8 billion for its sixth buyout fund last year, Buyouts reported.
GREE, which operates a social network that users interact with through games on their phones, announced the launch of a $12 million fund to support virtual reality startups. Besdies GREE, limited partners in the fund include Colopl VR Fund and mixi. The fund, called GVR Fund, is managed by San Francisco-based GREE VR Capital LLC. It has already invested in two VR-related companies: VRChat Inc and SPACES Inc. GVR Fund is interested in gaming and non-gaming software and content companies.
Audiovisual equipment seller Milestone AV Technologies announced it has acquired AV company Vaddio for an undisclosed amount. Milestone, based in Eden Praire, Minnesota, is majority owned by the Pritzker Group, Duchossois Capital Management and company management.