PE Hub Staff

ALEXANDRIA, VA — Riptech Inc., the premier provider of scalable, real-time managed security services, today announced that it has received $21 million in funding, including a $18 million investment led by Broadview Capital Partners, a Silicon Valley based private equity investment firm. Existing investors Columbia Capital and Providence Equity Partners Inc. participated in the investment. […]

MILPITAS, CA — Corona Networks, the industry-leading developer of next-generation network-based edge aggregation and intelligent IP service platforms, today announced the closing of its third round of funding for $40 million, bringing its total capital raised to date to over $68 million. Merrill Lynch Ventures and New Enterprise Associates led the equity investment in this […]

NORTH ANDOVER, MA — Response Networks, Inc., the leading provider of proactive service level management solutions, today announced that it secured a fourth round of funding, closing $4 million now and an additional $1 million rolling close by year end. Lead investor Zesiger Capital Group LLC, a money management firm based in New York City, […]

PLANO, TX — Xalted Networks Inc., a provider of the industry’s first Universal Access Exchange (UAX) in the broadband access market, today announced that it has closed its Series A round of financing at $21 million. The round was led by BlueStream Ventures, Granite Ventures, Charter Ventures and Alliance Ventures. The Company is currently in […]

INDIANAPOLIS — Eli Lilly and Co. (NYSE:LLY) today announced the formation of Lilly BioVentures, a venture capital group providing financing and support to newly created biotechnology companies. Initially, the entity plans to invest $75 million in early-stage biotech companies. DES MOINES, IOWA — Iowa Agricultural Finance Corp. (IAFC) announces the investment of $3.3 million by […]

AUSTIN, TEXAS — ClearCommerce Corp., a leading provider of transaction processing and fraud protection software for e-commerce, today announced it has secured $9.5 million in Series D funding. Existing investors include Austin Ventures, New Enterprise Associates, Voyager Capital, Financial Technology Ventures, Hewlett-Packard, Intel Capital, and Internet Capital Group. All of its existing investors contributed to […]

BOSTON and MENLO PARK, CA — TA Associates, one of the nation’s leading buyout and private equity firms, announced today that A. Bruce Johnston is rejoining TA as a Managing Director in the Boston office, focusing on recapitalizations and management-led buyouts of technology companies. Johnston rejoins TA Associates from idealab! where, as President of idealab! […]

MENLO PARK, CA — Entelos Inc., the leader in predictive biosimulation for in silico drug discovery and development, announced today that the company has raised over $25 million through a private placement of its equity securities. Bear Stearns Health Innoventures L.P. led the Series C financing, which included new investors Earlybird, equity4life, and Compaq Computer […]

RESEARCH TRIANGLE PARK, NC – A. M. Pappas & Associates announced today the final closing of TechAMP II, LP, a $102 million venture capital fund focused on the life science sector. Like its immediate predecessor fund, TechAMP II will invest in emerging biopharmaceutical companies that are developing therapeutics to treat cancer and diseases associated with […]

BERKELEY, CALIF. and NEW YORK — The Haas School of Business at the University of California, Berkeley, and Columbia Business School announced today a joint partnership with The Goldman Sachs Foundation to create the National Social Venture Competition. The competition invites aspiring entrepreneurs to develop plans for businesses that have a clear, quantifiable social return […]