PE Hub Staff
ARLINGTON, VA — US Airways announced today that Rakesh Gangwal has resigned from his position as President and Chief Executive Officer of US Airways Group, Inc. and US Airways, Inc. Gangwal’s departure is based upon his decision to work in the field of private equity and venture capital. Private Equity Week has learned that Gangwal’s […]
PALO ALTO, CA — Skyline Ventures announced today that it has completed its final closing on $150 million in committed capital for its new fund, Skyline III and affiliated funds. The firm now has $250 million under management. Skyline’s funds focus exclusively on early stage investments in healthcare and life sciences companies. With the new […]
DUBLIN, IRELAND & RESTON, VA — Openet Telecom, the world leader in convergent mediation, today announced the completion of a $20 million equity fundraising with Benchmark Capital. This second-round funding will accelerate the company’s global expansion and allow foradditional sales and marketing programs to enhance the adoption of Openet’sflagship product, FusionWorks(TM), in its international market. […]
FORT LAUDERDALE, FL — Privately held Bioheart Inc. has received an equity investment from Getz Medical, a division of Getz Bros. & Co., Inc., a leading marketing and distribution organization in the Asia Pacific Region focused on medical technologies for cardiovascular disease. Bioheart and Getz Medical have also entered into a long-term marketing and distribution […]
PITTSBURGH — AcceLight Networks Inc. today announced $60 million in new equity and debt financing that will be used primarily for strategic investment in product development and research, as well as to expand the company’s sales and customer engagements in key North American and International markets. In addition to AcceLight’s initial investors, Menlo Ventures and […]
LOS ANGELES — Hiwire Inc., the leading provider of advertising solutions for streaming media, announced the closing of $9.5 million in capitalization, anchored by New Enterprise Associates (NEA), Zone Ventures, Grey Ventures (a subsidiary of Grey Global) and Clear Channel Communications (NYSE:CCU). The funding will allow Hiwire to improve its world class ad insertion technology, […]
WALTHAM, MA — Gomez Inc. today announced a financing round of $3.5 million to fund future growth. The round was led by existing investor Dolphin Communications Partners of New York. Also participating were Softbank Finance and Morningstar Japan. The funds will be used to underwrite the development and distribution of new products and services, according […]
PITTSBURGH, PA — Precision Therapeutics Inc., a provider of laboratory testing service that helps physicians to evaluate available anticancer therapies for patients, today announced that it has secured $17.5 million in series B funding. Additionally, Precision Therapeutics is announcing the addition of Stan Lapidus, chairman of Exact Sciences, to its Board of Directors. Precision Therapeutics’ […]
SOUTH SAN FRANCISCO — Fluidigm Corp. (formerly Mycometrix), an innovator in the rapidly emerging microfluidic technology market, today announced it has raised $34 million in Series C financing from venture capital investors. Fluidigm also has commitments for up to an additional $4 million. Lehman Brothers, a global investment bank, led the round with additional investments […]
FREMONT, CA — Cradle Technologies, Inc., the creator of the Universal Microsystem (UMS), today announced that it has completed a first close of $10 million toward its Series D round of financing. The financing, led by current investors Charter Ventures and Smart Technology Ventures, will enable Cradle to complete initial production and sampling of its […]