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.

GTCR, Mike Hollander, Deal of Year 2016, European Deal

Deal of the Year, European, 2016: GTCR

In applying its “leaders strategy” to a neglected foreign subsidiary, GTCR was able to grow a U.K.-based lender and post strong returns in a difficult European macroeconomic environment. Before GTCR acquired it in 2012, Premium Credit Ltd (PCL), which offers insurance premium financing to small businesses and occasionally lends to individuals, was a subsidiary of MBNA […]


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.


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.


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.


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.


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.


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.


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.


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.


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.


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

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.