FreedomPay Inc., a Wayne, Pa.-based provider cashless payment and loyalty solutions, has raised $6 million in Series D funding. Core Capital Partners led the deal, and was joined by return backers like BlueRun Ventures. www.FreedomPay.com
Avantce Software, a private equity firm focused on the IT market, has acquired Radcliffe Inc., a provider of warehouse management solutions. No financial terms were disclosed for the deal, which results in Radcliffe being combined with existing Avantec portfolio company Robocom Systems International. www.avantce.com
Cisco Systems has agreed to acquire NeoPath Networks Inc., a Santa Clara, Calif.-based provider of network file management solutions. No financial terms were disclosed. NeoPath has raised has raised $29 million in VC funding since 2004, from firms like Cisco, August Capital, DCM-Doll Capital Management, Gabriel Venture Partners, HighBar Ventures and Dot Edu Ventures. www.cisco.com […]
SmoothShapes Inc., a Merrimack, N.H.-based aesthetics company, has raised $15 million in Series B funding led by Three Arch Partners. SmoothShapes' initial product is an FDA-cleared combination therapy that uses lasers at predetermined wavelengths in the visible and infrared spectrums with vacuum massage to effect the treatment of cellulite.
Montagu Private Equity has sold UK waste management company Cory Environmental Holdings Ltd. to a consortium made up of ABN Amro Infrastructure Capital Management, Finpro and Santander Private Equity. No financial terms were disclosed. www.coryenvironmental.co.uk
Wolfgang Kitza has joined 3i Group as a venture partner focused on venture capital opportunities in the media sector. He previously served as chairman and CEO of online hotel reservations company Worldpres and, before that, was managing director of the Bertelsmann Internet Group. www.3i.com
Mark Nydam has joined PCG Asset Management as a managing director focused on the cleantech sector. He previously was a principal with Booz Allen & Hamilton, where he oversaw the creation of a cleantech-focused private equity organization for Kuwait Petroleum Corp. www.pcgfunds.com
Cogent Partners has promoted Brian Mooney and Todd Miller to director, and Katita Palamar and William Farrell to vice president. www.cogent-partners.com
Aragon Surgical Inc., a Palo Alto, Calif.-based surgical device startup, has acquired VeriSure Inc., a developer of laparoscopic enabling products. No financial terms were disclosed. Aragon has raised VC funding from Onset Ventures and Delphi Ventures.
Canon Communications LLC of Los Angeles has acquired Appliance magazine from Dana Chase Publications. No financial terms were disclosed. Canon is controlled by Spectrum Equity Investors. www.cancom.com