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Erich Horsley and Frederick Malloy have joined Intervale Capital as principals. Erich previously was a principal with Watermill Ventures, while Malloy was a general partner with Capital Resource Partners. Intervale is a Cambridge, Mass.-based buyout firm focused on the lower-middle-market energy sector, with a specialization in oilfield services companies. www.intervalecapital.com
Saad Bargach has joined energy-focused private equity firm Lime Rock Partners as a Houston-based managing director. He previously served as chief information officer with Well Completions & Productivity. www.lrpartners.com
Chiasma Inc., a biotech company focused on enhanced oral delivery of proteins and small molecules, has raised $44 million in Series C funding. MPM Capital led the deal, and was joined by Arch Venture Partners and return backers Ofer Hi-Tech Group and F-2 Ventures. The company will move its headquarters from Israel to Boston, but […]
Liquid Computing Inc., an Ottawa-based developer of scalable high-performance computing solutions, has raised US $27.7 million in Series B funding. Newbury Ventures led the deal, and was joined by return backers Vengrowth, ATA Ventures, Business Development Bank of Canada, Export Development Canada, Axis Investment Fund Inc. and Dr. Adam Chowaniec. www.liquidcomputing.com
SeeSaw Networks, a Chicago-based out-of-home digital media company, has raised $10 million in Series A funding from Sutter Hill Ventures. www.seesawnetworks.com
CellMax Systems, an Israel-based voice biometrics startup, has raised $2 million in Series B funding led from Jacob and Nediva Schwarz, founders of IDS Inc. and NS Enterprises Inc. www.cellmax-systems.com
Benchmark Capital Europe has closed its third fund with $550 million in capital commitments. Limited partners include Horsley Bridge. www.benchmark.com
Qihoo, a Beijing-based provider of search solutions for Internet and mobile platforms, has raised $25 million in Series B funding. Highland Capital Partners led the deal, and was joined by Redpoint Ventures and return backers Sequoia Capital China, CDH, Matrix Partners and IDG VC. www.qihoo.com
Technical Communities Inc., a San Bruno, Calif.-based service provider for tech organizations that sell to U.S. government agencies and federal contractors, has raised around $25.5 million in Series D funding from Crosspoint Venture Partners, Netmarket Partners, New Enterprise Associates and Technology Crossover Ventures. www.technicalcommunities.com
New Resource Bank has launched as a San Francisco-based commercial bank that will serve entrepreneurs and “sustainable businesses.” It is backed by $24.7 million in equity capital from backers like Triodos Bank, Mitch Kapor (Lotus Development), Lee McIntire, (CH2M Hill Cos.), Lisa Gansky, (Ofoto), Ray Anderson (Interface Inc.) and Paul Dolan (Mendocino Wine Co.). www.newresourcebank.com
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