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Mattermark raises $7.3 mln Series B, valuing company at $42 mln

Mattermark, a data intelligence service for startups and investors, raised $7.3 million in a Series B funding round that values the company at $42 million. Foundry Group led the round with participation from existing investors. The investment brings the company’s total funding to $18.4 million. Based in San Francisco, Mattermark raised $6.5 million in Series A funding in December 2014.

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VC-backed Storefront shuts down

Storefront, a marketplace that helps merchants find and rent retail space, shut down Thursday, the company announced on its website. Spark Capital led a $7.3 million Series A funding round for Storefront in April 2014. Investors include Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups and former Citigroup Chief Executive Vikram Pandit, among others.

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WeWork buys Welkio

Shared-office-space startup WeWork acquired Welkio, a visitor sign-in system for offices, the company said Friday in a blog post. Financial terms of the deal were not disclosed. Based in San Luis Obispo, California, Welkio was created in 2014 during a company hackathon at mobile agency Hathaway. WeWork recently raised about $430 million at a $16 billion valuation in a funding round led by private equity firm Hony Capital Ltd, reported the Wall Street Journal.

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German travel startup Distribusion raises $6.77 mln

Business-to-business travel startup Distribusion Technologies raised 6 million euros ($6.77 million) in funding from Northzone, Creandum, HR Ventures and returning investor Frühphasenfonds Brandenburg. Based in Berlin, Germany, Distribusion’s technology enables intercity bus operators to partner with travel resellers.

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Omidyar Network leads $1.6 mln seed round for Tinkergarten

Omidyar Network, a philanthropic investment firm started by eBay founder Pierre Omidyar, led a $1.6 million seed financing round for Tinkergarten, a provider of outdoor early childhood education. Other investors in the round include Blue {Seed} Collective, City Light Capital, 500 Startups and Outbound Ventures.

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PE HUB Second Opinion

To close out your week, Second Opinion has news: AlpInvest-led group seals $1.2 bln secondary deal with Thomas Lee firm, Dropbox is set to sell shares in the secondary market at a 34 pct discount, and Aubrey McClendon left his biggest backer with billions to lose.

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KDWC leads $7.6 mln investment in HighGround

Chicago-based HighGround, an employee engagement platform, raised $7.6 million in Series A1 financing. KDWC led the funding round with participation from existing investors including Columbus Nova Technology Partners and Lightbank. HighGround has raised more than $19 million to date.

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Skype co-founder’s Atomico targets $750 mln for fourth fund

Atomico, the venture firm started by Skype co-founder Niklas Zennström, has set out to raise $750 million for its fourth fund, according to a filling with the SEC. Based in London, Atomico backs technology companies. On Monday, it made a $25 million investment in LendInvest, an online marketplace for property finance in the UK.

Kickstarter buys VC-backed Drip

Crowdfunding site Kickstarter acquired Brooklyn-based Drip, a platform that lets musicians connect with fans. The acquisition, which is Kickstarter’s first, comes a day before Drip was scheduled to shut down. Drip has received seed funding from Brooklyn Bridge Ventures and Collaborative Fund, among others.

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PE-backed Ministry Brands buys unit from Vista Equity’s Active Network

Knoxville, Tennessee-based Ministry Brands, a Christian software company backed by Genstar Capital and Providence Equity Partners, acquired ACTIVE Network‘s faith division, which offers a software product that helps churches integrate administrative functions. Based in Dallas, Texas, ACTIVE provides management solutions for event and activity organizers and is owned by Vista Equity Partners.

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Silver Oak closes third fund at $335 mln hard cap

Silver Oak Services Partners, a lower middle market private equity firm based in Evanston, Illinois, closed its third fund at its $335 million hard cap. Like its predecessors, Silver Oak Services Partners Fund III LP will seek control-oriented investments in the business services, healthcare services and consumer services sectors. Silver Oak typically invests between $10 million to $30 million in companies with EBITDA between $3 million to $20 million. Forum Capital Partners served as placement agent for Silver Oak.

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Arsenal Capital makes majority investment in Pacific Urethanes

Arsenal Capital Partners made a majority investment in Pacific Urethanes LLC, a producer of specialty polyurethane foam materials based in Ontario, California. Financial terms of the transaction were not disclosed. Pacific Urethanes is the first investment in Arsenal’s strategy to build a specialty foam solutions and technologies platform.

Hot, Earth, environment
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PE HUB First Read

Just when it was getting warm, snow is in the forecast. Everything is terrible: TransCanada to buy Columbia Pipeline Group for $10.2 bln, just over half of U.S. billion-dollar startups are formed by immigrants and February was the hottest month in 137 years.