Blackbaud buys VC-backed Smart Tuition

Blackbaud Inc has acquired Smart Tuition, a provider of payment solutions for private schools and parents, for $190 million. Sagent Advisors LLC served as financial advisor to Blackbaud on the transaction while Raymond James did likewise for Smart Tuition. Smart Tuition’s backers included Atlas Venture, Flybridge Capital Partners and North Hill Ventures.


CashStar nabs $15 mln in FTV Capital-led round

Portland, Maine-based CashStar, a prepaid commerce solutions provider, has raised $15 million in Series D funding. FTV Capital led the round with participation from other investors Mosaik Partners, Passport Capital, Intel Capital and North Hill Ventures.

Lendio nabs $20.5 mln

Utah-based small business lending marketplace Lendio has secured $20.5 million in funding. The investors were Napier Park‘s Financial Partners Group, Blumberg Capital, North Hill Ventures, Pivot Investment Partners and previous backers Tribeca Venture Partners, Runa Capital and Highway 12 Ventures. In conjunction with the funding, Dan Kittredge, managing director at Napier Park, and Chris Gottschalk, principal at Blumberg Capital, have been appointed to Lendio’s board of directors.


Fintech firm MX rakes in $20 mln

Utah-based financial tech firm MX has secured $20 million in funding. The investors in the recent round include TTV Capital, North Hill Ventures and Commerce Ventures.


Sage North America to buy VC-backed PayChoice

Sage North America has agreed to acquire PayChoice. No financial terms were disclosed. Raymond James served as financial advisor to PayChoice on the transaction while William Blair advised Sage. Based in Mt. Laurel, NJ, PayChoice is a provider of payroll solutions for small and medium-sized businesses. It is backed by Great Hill Partners, Baird Capital and North Hill Ventures.

SimpleTuition Acquires Online Textbook Marketplace ValoreBooks

SimpleTuition, a provider of interactive tools that help students save on college-related expenses, has acquired ValoreBooks, an online textbook marketplace which offers discounts on new and used textbooks as well as rentals. SimpleTuition is headquartered in Boston, Mass, and is funded by Atlas Venture, Flybridge Capital Partners, and North Hill Ventures. PRESS RELEASE SimpleTuition, Inc., […]

Parkinson joins Interactions as COO

Interactions Corporation, provider of natural, conversational automated systems for customer care, has appointed David Parkinson has chief operating officer. Parkinson, who brings more than 25 years of executive experience, will be responsible for end-to-end client relationships, which includes professional services, sales, and client relations. Interactions Corporation is backed by Sigma Partners, North Hill Ventures, Cross Atlantic Capital Partners and Updata Partners.

Interactions Corp. Calls Up $12M

Sigma Partners has led a $12 million round for Interactions Corp., a maker of automated voice and other interactive systems. North Hill Ventures, Cross Atlantic Capital Partners, and Updata Partners also contributed to the round, which is aimed at expanding the company’s technology and customer base. Interactions is based in Boston.

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