Private Equity Week Wire for Friday 11/30

NEWTON UPPER FALLS, MA — Gazelle Systems, Inc. today announced a $3.25 million infusion of equity capital from Zero Stage Capital and Pennsylvania Early Stage Partners, a Safeguard Scientifics, Inc. (NYSE: SFE) affiliated private equity fund. Sodexho – a wholly owned North American subsidiary of Sodexho Alliance, the leading provider of food and facilities management in the U.S. and Canada – has also participated in this round of funding.

SAN FRANCISCO — CascadeWorks, the leader in enabling services e-procurement, today announced the completion of its second round of financing. The $8 million round was led by Kennet Capital Limited — Broadview’s early stage venture affiliate, with existing investor NEA also participating. CascadeWorks will use the funding to continue its penetration of the growing market for services e-procurement solutions and to aggressively grow its customer base which currently includes leading companies such as ABN AMRO North America, Autodesk, Charles Schwab and Texas Instruments.

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