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Entrepreneurs Run for Different Border

19 years ago

Citing an appetite for high-end quick service burritos in the southern Florida region, Fontell Restaurant Group Inc. raised $3 million to finance construction of five company-owned restaurants and develop the infrastructure for a national franchise. The Fort Lauderdale, Fla.-based company is scheduled to open the first Burrito Grill restaurant Sept. 9 in Coral Springs, Fla., […]

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IntelliSeek Raises $6M First Round

19 years ago

Having built three companies that have been acquired by Fortune 500 enterprises, Mahendra Vora has been able to use his own capital to finance the development of IntelliSeek, his fourth start-up over the past three years. Earlier this year, the Cincinnati-based company, which develops enterprise software, raised $6 million in its first institutional round of […]

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IPNet Solves $10M in Second Round

19 years ago

IPNet Solutions Inc. recently raised $10 million in its second round of venture financing. The Newport Beach, Calif.-based company provides e-commerce solutions for various enterprises, including AT&T, Duke University and Xerox. NetWorth Partners, the Internet-focused affiliate of Mellon Ventures, led the round with a $5 million investment. Forrest Binkley & Brown and first-round investors Sigma […]

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Private Investors Warm Up to Good Guys!

19 years ago

Wall Street has held a dim view of the good guys! Inc. senior management team since its founder and Chief Executive, Ron Unkefer, retired from the company in 1993. The consumer entertainment electronics retailer, which went public in 1986, saw its stock drop to below $3 per share last year. Last June, Unkefer was given […]

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Odeon Adds LP, Closes Two Deals

19 years ago

Newly formed Odeon Capital Partners added a limited partner and closed three more deals in late July and early August, bringing its portfolio to 11 companies. The firm welcomed BancBoston as another investor, and its $5 million commitment in mid-July brought the vehicle’s total to $115 million. Other limiteds include Wolfson Organization, USWeb/CKS and Merrill […]

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Saunders Karp Pursues Small-Market Deals

19 years ago

Saunders, Karp & Megrue has launched an affiliated firm in Dallas that will invest in lower middle-market deals using capital from the New York firm’s $500 million private equity fund. Saunders Karp General Partner Barron Fletcher will return to his native Texas to head the new venture, dubbed SKM Growth Investors. The firm will look […]

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New York State Hunts for Private Equity

19 years ago

Statewide Zone Capital Corp. of Albany, N.Y., is raising as much as $181.7 million to invest in 51 low-to-moderate income level regions in New York state. Fund raising began Aug. 6 and is expected to close in October, said Robert Lazar, president of the New York Business Development Corp., which is managing the fund. Lazar […]

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Catterton IV Holds $200M First Close

19 years ago

After initiating fund-raising in April, Catterton Partners LP of Greenwich, Conn., made a first close on its fourth fund, Catterton Partners IV LP. Catterton IV, which was originally targeted at $350 million, will have a final close “substantially north” of that target later this year, said General Partner J. Michael Chu. The fund has raised […]

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Intel Launches New VC Effort

19 years ago

To complement the company’s launch of a new network platform, Intel Corp. in early September launched a $200 million venture fund dedicated to investing in voice and data communications deals. The newly formed Intel Communications Fund will invest in companies developing software based on Intel’s new Internet Exchange (IX) Architecture, which allows operating systems designers […]

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City Reach Raises $20 in First Round

19 years ago

If cyberspace is the final frontier, City Reach Ltd. hopes to be the leader in providing squatters in the telecommunications, Internet and content industries with secure co-location facilities as they colonize the globe. The London-based company intends to invest the $20 million from its first round of venture financing in the first-phase rollout of 10 […]

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Ashton Pulls $20M from Series F Placement

19 years ago

Online transaction systems developer The Ashton Technology Group Inc. of Philadelphia raised $20 million through the sale of 20,000 shares of its series F convertible preferred stock and warrants to purchase 200,000 shares of common stock, according to a filing with the Securities and Exchange Commission. RGC International Investors LDC purchased the securities last month. […]

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Bowstreet Gathers $20M, Hires CEO

19 years ago

Seeking to continue its rapid progression, Bowstreet Software Inc. of Portsmouth, N.H., followed up its securing of a $20 million second round of venture financing with the hire of Bob Crowley as chief executive officer. Integral Capital Partners of Menlo Park, Calif., and Pequot Capital Management of Westport, Conn., led the Aug. 19 financing that […]

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Norton Motorcycles Plans $25M Round

19 years ago

Having closed its first institutional round of venture financing in July, Norton Motorcycles Inc. of Eden Prairie, Minn., plans to raise between $20 million and $25 million in an second round this October. The company, which has been in existence since 1898, obtained a listing on the NASDAQ OTC Bulletin Board April 16. Hallmark Properties […]

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Advoco.com Garners $25M for Insight

19 years ago

eBay achieved its exorbitant market valuation because it was the first e-commerce company to connect buyers and sellers of consumer products on a mass scale. Since its incorporation last February, Advoco.com has raised $29 million from investors who see a similar market potential in linking online buyers and sellers of advice and services. For a […]

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FASA Writes Expansion Prescription

19 years ago

Latin Healthcare Investments Management LLC recently closed its second deal in Latin America, investing $9 million in Farmacias Ahumada S.A. (FASA), Chile’s largest retail pharmacy chain, through its Latin Healthcare Fund LP (LHP). For its part, FASA, which owns 148 drug stores in Chile, and 38 in Peru, approved a capital increase of roughly $45 […]

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Diginet Raises $42M in Over-subscription

19 years ago

After raising $73 million in its second round of private equity financing April 23, Diginet Americas Inc. last month received an additional $42 million from the Series B investment syndicate, as well as a first-time commitment from Meritage Private Equity Fund LP. Washington D.C.-based Diginet uses radio waves to transmit wireless Internet services to corporations […]

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RewardsPlus Nets $5M First Tranche

19 years ago

There are few businesses more paper intensive than insurance, as anyone that has recently filed a claim can attest. However, like so many other business areas, a start-up company, intent on using the Internet to replace the reams of forms, has emerged. Baltimore, Md.-based RewardsPlus of America Corp. recently closed the first $5M tranche of […]

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ACME Communications Feeling Buffy About IPO

19 years ago

Since the Federal Communications Commission ruled Aug. 5 to allow television networks to own two television stations in the same market, station groups not owned by the major networks have become attractive acquisition candidates. Shortly after the ruling, NBC was rumored to be investing more than $300 million for a minority equity stake in Paxson […]

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