Brit + Co. Raises Series A Led by Oak Investment Partners

Media company Brit + Co. has secured a $6.3 million Series A led by Oak Investment Partners, with participation from Index Ventures, Lerer Ventures and Cowboy Ventures. Previous angel investors, including Marissa Mayer and Aileen Lee also reinvested in the company.

ReliOn Receives Strategic Investment from Cummins

ReliOn, a Spokane, Wash.-based maker of fuel cells, has received a strategic investment from the publicly traded power generation company Cummins Inc. The amount of the funding was not disclosed, but ReliOn, founded in 1995, has raised roughly $30 million over the years, including from Oak Investment Partners and Chrysalix Energy.

Centric Software Closes Series C Led by Oak Investment Partners

Centric Software, a provider of PLM software, has closed on $19 million in series C venture capital financing. Investors include Oak Investment Partners, which led the funding round, and Masthead Venture Partners. The most recent funding was the $11.6 million tranche of the Series C financing.

NanoH2O Recruits Global Operations Veteran COO

NanoH2O, a manufacturer of cost effective reverse osmosis membranes for seawater desalination, has appointed global operations veteran, Doug Barnes as chief operating officer. The business is backed by Oak Investment Partners, Khosla Ventures, BASF Venture Capital, Total Energy Ventures International and Keytone Ventures.

Verisk To Acquire Oak Backed Argus For $425M

Verisk Analytics, Inc. said it signed an agreement to acquire Argus Information & Advisory Services, LLC. The purchase price is to be $425 million, and as part of the transaction, Verisk expects to realize about $45 million in tax benefits. Oak Investment Partners is an Argus investor. PRESS RELEASE Verisk Analytics to Acquire Argus Information […]

Turner Buys Venture Backed Bleacher Report

Turner Broadcasting System, Inc. said it acquired the venture backed Bleacher Report. The sports property has backers including Crosslink Capital, Oak Investment Partners and Hillsven Capital. PRESS RELEASE Turner Broadcasting System, Inc. Acquires Bleacher Report
Leading Sports Digital Property Joins Turner Sports Portfolio Turner Broadcasting System, Inc. has acquired Bleacher Report (B/R), one of the fastest-growing […]

SmartDrive Raises $47 Mln in Funding

SmartDrive Systems has raised $47 million in additional venture funding led by Oak Investment Partners and New Enterprise Associates. Stanford University, a new investor, also participated. San Diego-based SmartDrive provides driving intelligence solutions that aim to improve safety, reduce collisions and improve fuel efficiency. PRESS RELEASE SmartDrive Systems, a market leader in driving intelligence solutions […]

Castlight Appoints Driscoll as President

Castlight Health, a provider of health care transparency solutions for employers and payers, has appointed John Driscoll as president. Castlight Health is headquartered in San Francisco and backed by investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome […]

SunSun Lighting Raises $30M From GSR, Oak, Angels

SunSun Lighting said it raised $30 million in Series B financing from GSR Ventures, Oak Investment Partners and several angel investors. Oak led the round, and Allan Kwan, a China-based adviser for the firm, is joining the board. PRESS RELEASE SunSun Lighting — “LED Light Bulb Company” — Attracts $30 Million In Financing From GSR […]

ILS Appoints to Board

Independent Living Systems, a provider of care to the elderly and special needs populations has appointed four new members to its board of directors. The new appointments include Michael Leavitt, chairman of Leavitt Partners and former secretary of the US department of health and human services; Jay Rosen, health policy and economics expert at Health […]

Oak Leads $11M Round for Milyoni

Social entertainment company Milyoni has raised $11 million in a Series B round led by Oak Investment Partners. Previous investors ATA Ventures and Thomvest Ventures also participated in the round. The money will be used for further development as well as to open offices in Los Angeles and New York. PRESS RELEASE Milyoni, the leader […]

China’s B5M Raises $7.1M From Oak, Glosis

B5M said it raised $7.1 million in Series A investment led by Oak Investment Partners and Giosis Holdings. The Chinese social shopping search engine will use the money to develop its website and for marketing. Allan Kwan and Youngbae Ku will join the board. PRESS RELEASE CHINESE SOCIAL SHOPPING SEARCH ENGINE B5M SECURES $7.1 MILLION […]

Trapit Secures Series A

Web searching facility Trapit has closed a $6.2 million Series A round of venture funding led by Horizon Ventures of Hong Kong. Trapit has also announced that Rob Majteles, founder and managing partner of Treehouse Capital and a venture partner with Oak Investment Partners, has joined the board of directors. Trapit was founded in 2009 […]

Investors Recap Independent Living Systems

Oak Investment Partners and Mansa Capital have recapitalized Independent Living Systems, a provider of long-term care, care management, post-discharge and nutrition services to the elderly and other special needs groups. Terms of the deal were not released.

Boston-Power Raises $30M From GSR, Oak, Foundation Asset

Boston-Power Inc. said it raised $30 million in new private equity. Existing investor GSR Ventures led the deal and Oak Investment Partners and Foundation Asset Management participated. The funding is an add-on to the $125 million round of funding the lithium-ion battery company announced in September. The September round included growth capital and Chinese government […]

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