426 Views

ServiceMax pulls in $82 mln Series F

Field service management software provider ServiceMax has raised $82 million in Series F funding. Premji Invest led the round with participation from other investors that included GE Ventures, PTC Inc, Cloud Apps Capital, Emergence Capital Partners, KPCB, Mayfield, Meritech, Adams Street Partners, Crosslink Capital, Questmark Partners, Sozo Ventures and Trinity Ventures.

134 Views

Investor group buys LP stakes in Palamon funds, commits new capital

Adams Street Partners, Goldman Sachs, Morgan Stanley, PGGM and the Rothschild Merchant Banking Group bought LP stakes in Palamon European Equity Funds I and II as part of a tender offer process. The investor group also committed new capital into a vehicle that will invest alongside Palamon Auxiliary Partnership 2013. Credit Suisse ran the process. The two newer vehicles have committed to the purchase of Currencies Direct in partnership with Corsair Capital.

174 Views

Apto nabs $8 mln Series B

Denver-based Apto, a brokerage management software provider for the commercial real estate market, has secured $8 million in Series B funding. Adams Street Partners led the round. In conjunction with the funding, Jeffrey Diehl, a managing director at Adams Street Partners, has been appointed to Apto’s board of advisors.

103 Views

Orbus Therapeutics racks up $32.5 mln Series A

Orbus Therapeutics Inc, a biopharmaceutical company focused on treating rare diseases, has closed $32.5 million in Series A funding. Longitude Capital, H.I.G. BioVentures and Adams Street Partners led the round. Also, the company has named Dr. Ernest Mario, an investor in this current round, as chairman of board.

180 Views

Marketing tech platform RadiumOne collects $54 mln

San Francisco-based RadiumOne, a marketing technology platform for brands and agencies, has raised $54 million in funding. Harmony Partners led the round with participation from Industry Ventures, Adams Street Partners, Crosslink Capital, Trinity Ventures and DFJ Espirit. RBC Capital Markets served as placement agent for the transaction.

143 Views

VC-backed ProNAi files for IPO

Vancouver-based ProNAi Therapeutics, a developer of nucleic acid therapeutics, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The stock will list on the NASDAQ under the ticker symbol “DNAI.” Jefferies LLC and BofA Merrill Lynch will serve as the lead underwriters. ProNAi’s backers include Vivo Capital, Frazier Healthcare Ventures, OrbiMed Advisors, Adams Street Partners, RA Capital Management, Caxton Alternative Management, Hopen Life Science Ventures, Sectoral Asset Management and Janus Capital Management.

144 Views

Health platform Maxwell picks up $26.4 mln

Health-as-a-Service platform Maxwell has closed $26.4 million in funding. Adams Street Partners led the round with participation from Cambia Health Solutions, Schooner Capital, Brothers Brook, Vaizra Investments, Tribeca Venture Partners, Catalyst Health Ventures, Serious Change and Lerer Hippeau Ventures.

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VC-backed ProNai adds five to senior management staff

ProNAi Therapeutics, a developer of nucleic acid therapeutics, has expanded its senior management team with five additions. Joining the firm are Dr. Angie You as chief business and strategy officer and head of commercial; Wendy Chapman as senior vice president of clinical operations; Chandra Lovejoy as senior vice president of global regulatory affairs and quality; Emma McCann as vice president of program management; and James Smith as vice president of corporate affairs. ProNAi’s backers include Vivo Capital, Frazier Healthcare Ventures, OrbiMed Advisors, Adams Street Partners, RA Capital Management, Caxton Alternative Management, Hopen Life Science Ventures, Sectoral Asset Management and Janus Capital Management.

614 Views

Adams Street Partners announces several executive changes

Private equity firm Adams Street Partners has made a number of executive changes to its team. The firm has promoted Jeff Diehl to head of investments while Miguel Gonzalo has been named head of investment strategy. Also, Ray Chan has become the head of risk management and advanced analytics. And, Kelly Meldrum, who was recently promoted to head the firm’s primary investment team, has begun to chair the primary investment committee as Chief Investment Officer Hanneke Smits transitions out of her duties.

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156 Views

Iowa Regents sees success with funds of funds: VCJ

A relatively small handful of LPs rely almost exclusively on funds of funds to pick their venture and private equity fund managers, but few can claim the kind of initial success that the Iowa Board of Regents is seeing with its modest private equity and venture capital portfolio, affiliate magazine Venture Capital Journal reports.

370 Views

Vy Capital, Adams Street, Industry Ventures invest $44 mln in Scytl

Election modernization company Scytl has secured an additional $44 million from Vy Capital, Adams Street Partners and Industry Ventures under a funding round initiated in April 2014. With the additional investment, Scytl has closed the funding round with $104 million from five new investors: Vulcan Capital, SAP Ventures, Vy Capital, Adams Street Partners and Industry Ventures. Balderton Capital, Nauta Capital and Spinnaker Invest remain significant shareholders in Scytl.

124 Views

LogRhythm racks up $40 mln

LogRhythm said Tuesday that it has closed $40 million in financing. Riverwood Capital led the round with participation from other investors that included Adams Street Partners, Access Venture Partners and Piper Jaffray. Headquartered in Boulder, Colorado, LogRhythm is a security intelligence firm.

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