Rover raises $1.1 mln

Rover said May 26 that it raised $1.1 million in seed funding. Investors include BDC Venture Capital and 500 Startups, as well as some of angel investors in the marketing tech and SaaS industries. Rover provides a location-based mobile marketing platform that for retailers and brands.


EQT Ventures Fund closes at $633.3 mln

EQT Ventures said May 26 its multi-stage venture capital pool closed at 566 million euros ($633.3 million). EQT Ventures Fund will invest in tech-enabled companies across Europe throughout all stages of growth. EQT Partners has contributed approximately 10 percent of committed capital to the fund.

Affectiva raises $14 mln

Affectiva said May 25 that it raised $14 million led by Fenox Venture Capital. The investors include IT Services giant CAC Holdings, Bandai Namco, and Sega Sammy Holdings. Waltham, Massachusetts-based Affectiva provides emotion recognition software.


Accel-KKR invests in ClickDimensions

Accel-KKR has invested in ClickDimensions. Financial terms weren’t announced. Atlanta-based ClickDimensions provides marketing automation and email marketing technology.


Lime Rock Fund IV closes at $754 mln

Lime Rock said May 25 that its fourth fund closed with $754 million in commitments. Lime Rock Resources IV will seek to acquire, improve, and directly operate producing oil and gas properties in the United States. The prior Lime Rock Resources fund collected $750 million in 2013. Morgan, Lewis & Bockius LLP served as fund counsel.


Godrej Consumer Products acquires Strength of Nature Global

Godrej Consumer Products Ltd has acquired Strength of Nature Global LLC. Financial terms weren’t announced. Savannah, Georgia-based Strength of Nature makes multicultural hair care products for textured hair consumers. Deloitte Corporate Finance LLC advised Strength of Nature. Godrej Consumer Products is reportedly backed by Temasek.

U.S. golfer Tiger Woods smiles during a golf clinic in Mexico City October 20, 2015. REUTERS/Edgard Garrido - RTS5DBR

PE HUB First Read

In First Read, we have news that Foxconn has replaced 60,000 factory workers with robots, the SEC is investigating Alibaba’s accounting practices and it’s time to consider that Tiger Woods may never return to golf.

EyeQ raises $3.5 mln

EyeQ said May 24 that it raised $3.5 million in Series A funding from new investor, Align Capital. Existing investors also took part. Austin-based eyeQ provides shopper-aware and responsive in-store displays.

Bloomz raises $2.3 mln

Bloomz said May 24 it secured a $2.3 million investment from investors including 8VC, ff Venture Capital, Founder’s Co-op, CorrelationVC, Wisemont Capital, Acequia Capital and individuals such as Chris Liddell and Charlie Songhurst. Bloomz, of Seattle, is a free mobile and web app that aims to connects educators with parents in a secure, social, private environment.

Aqua Terra Water CEO Harris to retire in July

Aqua Terra Water Management LLC, which is backed by Bregal Partners, said May 25 that its President and CEO Mark Harris will retire in July. Harris will continue to serve as an advisor to the Company as the Chairman of Aqua Terra’s Board of Managers. Cory Hall will assume the role of Aqua Terra President and CEO. Hall previously founded CJ Energy LLC in 2004 and served as Principal of CJ until its sale in 2013 to CCNG Energy Partners.


Bregal Sagemount buys Discovery Data

Bregal Sagemount said May 25 that it acquired Discovery Data Inc. Financial terms weren’t announced. As part of the deal, Discovery Data also acquired Meridian-IQ. Eatontown, New Jersey-based Discovery Data provides data on retail financial services industry firms and professionals. Meridian-IQ supplies online databases and advisor market information. GrowthCap LLC served as financial advisor to AIQ. Hunton & Williams LLP provided legal counsel to Bregal Sagemount.


SportsHero raises $2.4 mln

SportsHero said May 25 that it launched with $2.4 million in funding led by Nevada Iron Ltd. Singapore-based SportsHero is a fantasy sports app and social prediction platform.

Peter Thiel, entrepreneur and co-founder of PayPal, speaks during a news conference on "nonprofit, nonpartisan organization dedicated to economic research and innovative public policies for the 21st century" at the National Press Club  in Washington October 3, 2011. REUTERS/Yuri Gripas (UNITED STATES - Tags: BUSINESS) - RTR2S6DM

PE HUB First Read

To start off your morning, we have news that Blue Coat Systems could make its IPO public next week, Microsoft is laying off 1,850 staff and Peter Thiel has been secretly covering the expenses for Hulk Hogan’s lawsuits against Gawker.