Featured Content

ARCH IV Wraps on $175 Million

19 years ago

With strong support from existing and new limited partners, ARCH Venture Partners in early May wrapped its fourth fund on $175 million, 40% oversubscribed and more than 60% larger than its previous effort. ARCH Venture Fund IV, focused on seed- and early-stage information technology, life sciences and physical sciences deals, welcomed back a host of […]

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Harbert Launches $100M Venture Fund

19 years ago

Seeking to expand the breadth of its private equity offerings, Harbert Management Corp. of Birmingham, Ala., recently launched Harbinger/Aurora Venture Fund LLC, its first venture capital fund, with a target capitalization of $100 million. The firm partnered with Research Triangle Park, N.C.-based Aurora Group to seek out early-stage technology and life science companies that are […]

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LivePerson.com Loads Consolidation Ammo

19 years ago

A new office building. A new management team. And an ambitious mandate that could result in an initial public offering sometime next year. LivePerson.com, a New York-based provider of turnkey customer service solutions designed to personalize the impersonal Internet, plans to use a recently completed $4.6 million private equity placement and a subsequent offering in […]

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XM Satellite Radio Raises $250M for 2001 Launch

19 years ago

XM Satellite Radio Inc. hopes to bring the same diversity and enhanced services to the radio industry that cable operators and satellite providers have introduced to television in the last two decades. The Washington D.C.-based company will use satellites to broadcast digital radio signals from as many as 100 nationally programmed channels. XM Satellite will […]

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American Capital Strategies Names COO

19 years ago

Responding to the growth of its portfolio, American Capital Strategies Ltd. of Bethesda, Md., named Executive Vice President Adam Blumenthal as its first chief operating officer. As COO, Blumenthal will continue to sit on the firm’s investment committee in addition to overseeing pre- and post-deal activities. When the firm is evaluating an investment, Blumenthal will […]

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Petsky Prunier Advises Marketing Sector

19 years ago

Launched earlier this year, Petsky Prunier LLC of New York hopes to become the investment banker for the direct marketing industry. The firm’s two founders each focused on the industry in previous stints with investment firms – Michael Petsky at Gruppo Levy and John Prunier at Veronis, Suhler & Associates. Clients of the new investment […]

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Chase CDO Fund Debuts Broader Strategy

19 years ago

The private equity affiliate of Chase Manhattan Bank has created the first in a proposed series of specialized funds that will expand Chase’s investment presence in a swatch of sectors from high-yield corporate bonds to non-investment grade bank loans. Chase Capital Partners has closed a $1 billion collateralized debt obligation (CDO) fund, Octagon Investment Partners […]

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Essex Kicks Off $50M Venture Fund

19 years ago

Essex Investment Management in July will launch a late-stage venture capital fund open to both private clients and institutional investors, said Dan Beckham, a principal and portfolio manager for the firm. The fund, which will cap at $50 million, will invest in communications technology companies-software, electronics, telecommunications and the Internet, for example-that are likely to […]

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Quallaby Manages $9M Venture Network

19 years ago

Woburn, Mass.-based network management software developer Quallaby Corp. raised $9.5 million last month in its second round of venture financing. Commonwealth Capital Ventures of Wellesley, Mass., led the transaction followed by first round investors North Bridge Venture Capital and Matrix Ventures. Following the transaction, Rob Chandra of Commonwealth will join the company’s board of directors. […]

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Qwest Leads $251M Investment in ART

19 years ago

Publicly traded Advanced Radio Telecom Corp. (ART) of Bellevue, Wash., has received commitments for $251 million in private financing, in what is said to be one of the largest equity rounds for an early-stage telecommunications company. The deal, which is subject to ART shareholder approval, is expected to close in the third quarter. Denver-based Qwest […]

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Blackstone/AIG Launch Asian Advisory Partnership

19 years ago

Asian corporations are slowly reeling back in American investment firms. Last week, The Blackstone Group and AIA Capital Corp., the Asian investment and advisory branch of American International Group Inc. (AIG), formed a partnership that will focus on advising companies throughout Asia on various financial situations. The two firms have an exclusive collaboration agreement in […]

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W.R. Hambrecht Closes $50M First Round

19 years ago

Epartners, a $300 million investment vehicle of media conglomerate News Corp, made its first investment May 28, taking a minority stake in W.R. Hambrecht & Co.’s $50 million first-round financing. Epartners would not disclose the amount of its investment in the round, which saw four other strategic investors join the newly formed corporate fund, said […]

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Cadabra Pulls $6M Round Out of Hat

19 years ago

Cadabra Design Automation Inc. recently received $6.25 million in its second round of private equity financing. The Santa Clara, Calif.-based company sells software to companies that design integrated circuits. CMEA Ventures led the funding, which also saw investments from Synopsis Inc. and Access Technology Partners. Several executives in the circuit design industry also made individual […]

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Europeans Speak Transparent Language

19 years ago

After nearly a decade of developing language learning and translation technology for the Internet, consumer and corporate markets, Transparent Language Inc. last month raised $7.7 million its first institutional round of private equity financing. The Hollis, N.H.-based company intended to collect $3 million to $5 million in the round, but decided to raise the maximum […]

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Access Radiology Grabs $5M Third Round

19 years ago

Access Radiology Corp., a Lexington, Mass.-based electronic radiology image distribution company, held a $5 million close May 17 on its third round of venture funding. Zero Stage Capital of Cambridge, Mass., committed $1 million as the sole new investor in the round. Existing investors Bessemer Venture Partners, Delphi Ventures, Pacific Venture Group and Seaflower Associates […]

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Techies.com Engineers $13M Round

19 years ago

Techies.com has decoded a problem faced by many technology professionals who seek new employment. The Minneapolis-based company develops local career communities that provide job seekers with extensive career information and advice, as well as job listings. To that end, Techies.com recently received $13.6 million in its second round of venture financing. Omega Venture Partners, an […]

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World Commerce Online Receives $8M

19 years ago

Interprise Technology Partners of Miami recently invested $8 million in World Commerce Online Inc. The Orlando-based company creates communication and transaction channels shared by e-commerce companies that distribute perishable goods. The company has partnered with the Wholesale Florist and Florist Supply Organization to develop a secure e-commerce network for the floral industry. “We are essentially […]

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Two Texas Techs Emerge from Incubator

19 years ago

Following the intended path to maturity, two StarTech companies have received first round financing, thus emerging from the Richardson, Texas-based incubator. Fast Software Corp. was formed last September when, according to StarTech President Matt Blanton, two professionals from Deloitte & Touche brought in an enterprise resource planning software product. The company received $310,000 in seed […]

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