Insight Venture leads $95 mln Series D funding in Docker, Inc

Insight Venture Partners has led a $95 million Series D funding round in Docker, Inc, an open platform for developers and administrators to build and run applications. Other participants in the funding include Coatue, Goldman Sachs and Northern Trust. Existing investors Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and AME Cloud Ventures also invested in the round.


Roadie launches with $10 mln in Series A funding

Roadie, Inc, a mobile app that tries to link up people who need things delivered with drivers with unused passenger capacity in their vehicles, has raised $10 million in Series A funding. Investors participating in the funding round include UPS Strategic Enterprise Fund, TomorrowVentures, Warren Stephens of Stephens Inc., Guggenheim Partners Executive Chairman Alan Schwartz, Square co-founder Jim McKelvey, the Mellon Group and former ISS CEO Tom Noonan.


Riverwood invests up to $45 mln in water technology company

Riverwood Capital has invested up to $45 million in Underground Solutions, Inc., a water and wastewater infrastructure technology business. The transaction includes initial funding of $30 million in the company’s Series C preferred stock, with an option for an additional $15 million investment. A portion of the investment will be used to acquire Process Solutions, Inc., which developed and sells two water technologies.

Consano Medical raises $3.9 mln through online platform Deal Labs

Medical device company Consano Medical has raised $3.9 million in Series A funding through online financing platform Deal Labs, Inc. Consano Medical spun out of medical device incubator TheraNova and focused on development of an intelligent monitoring device for detecting and managing sepsis in patients in intensive care. Deal Labs markets to targeted groups of investors suited to specific investments.


Specialty Waste Operating Partners acquires Susquehanna Services

Susquehanna Services of Swoyersville, PA has been acquired by Specialty Waste Operating Partners, a private investment group. SWOP is backed by private equity investment firms including Paine & Partners and Tinicum Incorporated. Sperry, Mitchell & Company, Inc initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Susquehanna.

Sun Capital’s Coveris appoints CEO

Global plastics packaging company Coveris has appointed Gary Masse as chief executive officer, effective April 14, 2014. Coveris is a portfolio company of Sun Capital Partners, Inc.

Kaltura Secures $25m New Funding

Kaltura, an open source video platform, has secured $25 million of funding from new investors Mitsui & Co. Global Investment, Inc. and ORIX Ventures. Existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures also participated.

Conecture Technologies Sells MediaBox to Jonas Software

Conecture Technologies has sold MediaBox to Jonas Software, a provider of enterprise management software solutions, and a subsidiary of Constellation Software. Independent investment bank The Jordan, Edmiston Group, Inc represented Conecture Technologies. MediaBox is a SaaS provider of digital asset management and asset workflow applications to media and entertainment, consumer products licensing, advertising and retail industries.

TA Associates sells tax company to H&R Block

Private equity firm TA Associates has agreed to sell its controlling stake in 2SS Holdings, Inc, a developer of tax software, for $287.5 million in cash to H&R Block, a tax services provider. TA completed an $85 million leveraged recapitalization of 2nd Story Software in December 2004.

Manhattan Beachwear buys Apparel Ventures

Manhattan Beachwear, Inc, a portfolio company of Linsalata Capital Partners has purchased Apparel Ventures, Inc, a swimwear manufacturer. The details of the deal have not been announced. Linsalata Capital Partners is an Ohio-based private equity firm founded in 1984 and has made 96 buy-side transactions totaling more than $2 billion. It is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.

Mason Wells buys Appleton Performance Packaging

Private equity firm Mason Wells, based in Milwaukee, WI, has bought Appleton Performance Packaging from Appleton Papers, Inc. Mason Wells will rename the business NEX Performance Films, Inc. The details of the deal were not disclosed. Mason Wells recently closed on a $525 million equity fund called Mason Wells Buyout Fund III.

Imperial Capital buys New Jersey’s Petra Pet

Imperial Capital Corporation, a Toronto-based private equity firm, has bought Petra Pet, Inc, a New Jersey manufacturer of dog treats. BMO Capital Corporation provided subordinated debt and equity capital in support of the acquisition and BMO Bank of Montreal provided senior debt facilities. The details of the transaction were not released.

Community Energy raises $4M Series A

Community Energy, Inc, raised $4m in a Series A round of funding, led by SJF Ventures, a venture capital fund with offices in Durham, NC, New York and san Francisco. NGP Energy Technology Partners also invested. The deal includes an option to invest another $2 million. Community Energy will use the funds to develop solar energy projects in the Northeast, Mid-West, and West.

OpGen Completes $17m Series B Financing

OpGen, Inc., a Maryland-based commercial phase genomics company, completed a $17 million Series B round of equity financing. The new round of financing was led by jVen Capital with participation from the company’s other major investors, including CHL Medical Partners, Highland Capital Partners, Mason Wells Biomedical and Versant Ventures. Evan Jones of jVen Capital has been named as executive chairman of OpGen’s boards.

Report: DiObix Shutting Down

DiObex Inc., a San Francisco-based drug company focused on metabolic disorders like Type II diabetes, has laid off all its employees and is looking to sell its assets, according to VentureWire. The company had raised around $50 million in VC funding, from firms like Inventages Venture Capital, Mitsui & Co., Pac-Link BioVentures, Domain Associates, Pequot Ventures and Sofinnova Ventures. www.diobex.com

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