Geovera Insurance Holdings Ltd., a Bermuda-based residential property insurer, said that its $115 million IPO has been postponed indefinitely due to “market conditions.” JPMorgan and Merrill Lynch are serving as co-lead underwriters. Shareholders include Hellman & Friedman (65.1% pre-IPO stake) and Friedman Fleischer & Lowe (32.5%).
M-Factor Inc., a San Mateo, Calif.-based provider of marketing analysis software, has raised $10.1 million in Series C funding, according to a regulatory filing. Return backers include Bay Partners and U.S. Venture Partners. It has now raised over $16 million in total VC funding since its 2003 inception. www.m-factor.com
deviantART Inc., a Hollywood, Calif.-based online art community, has raised $3.5 million in Series A funding, according to a regulatory filing. Listed shareholders include DivX Inc. www.deviantart.com
SmartSheet Inc., a Bellevue, Wash.-based provider of Web-based software for managing events, processes or projects, has raised $2.69 million in Series A-4 funding led by Madrona Venture Group, according to a regulatory filing. www.smartsheet.com
Logical Therapeutics Inc., a Pittsburgh-based drug developer focused on inflammatory disease, has raised $30 million in Series B funding. SV Life Sciences led the deal, and was joined by Burrill & Co., Novo A/S, Sigvion Capital and seed backer PA Early Stage Partners. , which provided the seed funding for Logical in July, 2006. Logical […]
Pixim Inc., a Mountain View, Calif.-based developer of digital imaging systems for the security camera market, has added an undisclosed amount of capital to a Series B-1 round that originally closed in March with $15 million. In-Q-Tel was joined on the extension by return backers Mayfield Fund, Ridgewood Capital and Tallwood Venture Capital. www.pixim.com
Morgan Stanley has agreed to invest up to $60 million in Bull Moose Energy, to help the San Diego-based company finance the development of biomass power production plants near urban centers. www.morganstanley.com
LLR Partners and Primus Capital Funds have invested $53 million in Community Education Centers Inc., a Roseland, N.J.
Joan Solatar has joined The Blackstone Group as senior managing director of public markets and director of equity research. She previously was with Bank of America was a managing director and director of equity research. www.blackstone.com
Arsenal Capital Partners has promoted John Televantos to principal. He is a veteran specialty chemicals industry executive who joined Arsenal in January 2006 as an executive vice president, after having served as vice president of Hercules Inc. and president of its Aqualon Company. www.arsenalcapital.com