PE Hub Staff
NEW YORK — Clever Island, the fastest growing online educational service for children ages three to eight, today announced the completion of its third round of financing totaling $5 million. Coral Ventures, Montefiore Partners, and Poalim Capital Markets led the round with additional funding from previous investors. The financing, at a time when investor backing […]
DENVER — Wireless and supporting technologies venture capital firm iSherpa Capital has attracted more than national business plans and attention for wireless industries; they also have attracted one of the premiere wireless and technology executives in the country, Peter Mannetti. Mannetti announced today he has become the newest managing partner for iSherpa Capital, joining co-founders […]
NEWARK, NJ — For the second quarter in a row, annual returns for the U.S. venture capital and private equity industry were in negative territory, according to Venture Economics and the National Venture Capital Association. Venture Economics’ Private Equity Performance Index (PEPI) shows the preliminary one-year return for venture capital of -18.2% at the end […]
ADELAIDE, AUSTRALIA — Following Israel
KANSAS CITY – HandSignal Inc., a provider of wireless data delivery technology, today announced the closing of a $1.35 million Series A round of financing. The funds will be used to further enhance the product development efforts for INFOlaunch, HandSignal’s proprietary push wireless architecture solution, extend the sales and marketing of the company’s products, and […]
ATLANTA — Air2Web, a principal wireless platform provider, closed a round of $20 million in Series C funding and expects to close an additional $5 million in the next few weeks. Air2Web’s Mobile Internet Platform enables customers to extend enterprise applications to any digital wireless device including Short Message Service (SMS) and Web-enabled phones, personal […]
SANTA ROSA, CA – Fotiva Inc., a business dedicated to dramatically simplifying and improving consumers’ digital photography experience, today announces the company’s formation. Fotiva boasts a seasoned and accomplished management team led by CEO and former Intuit SVP, Jim Heeger; a top-notch engineering team with leading digital imaging expertise; and several pending patents. To date […]
BOSTON — Boston Millennia Partners is pleased to announce that Robert N. Merold has joined the firm as an Executive in Residence. Bob will support Millennia in sourcing and reviewing quality healthcare and life sciences information technology investment opportunities. Bob brings significant experience in the healthcare and technology sector. Prior to joining Millennia he was […]
LONDON — Kleinwort Development Fund PLC (KDF), an investment trust, and Dresdner Kleinwort Capital (DrKC), the private equity business of Dresdner Bank, are pleased to announce a new joint venture company, Kleinwort Capital Ltd. (The new joint venture arrangements and the intention of KDF to change its name to Kleinwort Capital Trust PLC are subject […]
GARDEN CITY, NY — CDKnet.com completed its second private equity financing. The transaction was entered intoo with Optical Systems, LLC, a company engaged in the design and development of optoelectronic devices for the marine safety marketplace. The technology is designed to spot floating hazards in and under the water and alert the driver of the […]