PRINCETON, NJ — JustBalls Inc. the sports equipment and affinity marketing company focused on the
$5 billion global ball market, announced the completion of a successful capital fundraising
campaign which brings over $13 million of new working capital to the Company. The new round, led by Zesiger Capital Group, was accomplished despite an overall
scarcity of venture capital, and the recent demise of many e-commerce businesses, both
large and small.
STAMFORD, CT — FitLinxx, the leader in helping
fitness and wellness facilities deliver higher levels of member service through interactive
electronic training systems, today announced that it has secured its latest round of
financing, led by Canaan Partners, UBS Capital Americas, and Whitney & Co. This
investment brings the total funds raised to date to over $50 million, confirming strong
investor confidence in the company’s unique position to create a link between fitness and
healthcare. The investment also validates FitLinxx’s position as the clear leader in driving
new member attraction, existing member retention and ancillary revenue streams for
fitness and wellness facilities. The new funding will be targeted at continued product
expansion and healthcare integration; for instance, allowing customers to attract a broader
range of members after physical therapy.
NASHVILLE, TN — Harpeth Capital, LLC, a
Nashville-based, mid-market investment banking firm that has ownership ties to R.
Clayton McWhorter’s venture capital management firm, Clayton Associates LLC, today
announced that it has launched a new Atlanta-based affiliate firm specializing in
mid-market health care transactions.
SAN DIEGO — Mission Ventures today announced that Leo Spiegel has joined Mission
Ventures as general partner. Mission Ventures is a Southern California venture
capital firm, headquartered in San Diego, with over $280 million under
management. Spiegel has served as president of Digital Island since December 1999 and
previously served as Sandpiper Networks’ chairman, president and CEO.
ATLANTA — NextStart Capital, a firm which specializes in developing early-stage Internet
companies that show promise of profitability within 18 months, is investing $500,000 and
serving as technical adviser for Bedstat (www.bedstat.com), the only healthcare
interchange placement system in the Southeast that provides skilled nursing facility
vacancies to hospitals in real time in order to speed up the discharge planning process,
announced NextStart Capital’s chairman and CEO, Rick Jackson, today.