REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
MobGold, a China-based mobile advertising marketplace, has received $12m in a series B round of financing led by venture capital firm Fast Global Investments. The new capital will enable the company to develop its products and solidify its position as a market leader at a global level. MobGold, which allows publishers, network operators, web portals […]
EnzySurge Ltd., a Richmond, VA-based provider of innovative solutions for advanced chronic wound management, completed a $2.5m round of funding. The round, which brought the total amount that the company has raised to date to $10m, was led by Eli Gilboa, CPA, of Gilboa & Licht, who serves as the company’s active chairman. The new […]
PTC Therapeutics, Inc., a South Plainfield, NJ-based biopharmaceutical company, completed a $50m equity financing. The round was co-led by new investor The Column Group and existing investor Delphi Ventures, with participation from Credit Suisse First Boston, HBM BioVentures, Novo A/S, Celgene, and other existing and new investors. In conjunction with the investment, general partner at […]
The European Bank for Reconstruction and Development (EBRD) agreed a $5m credit line to Uzbekistan’s private bank Hamkor Bank to increase the availability of financing to micro and small enterprises (MSEs). The loan will help Hamkor Bank finance investments and working capital of local businesses across the country, currently underserved by the large state-owned banks, […]
Concentra, a London, UK-based management consultancy and technology firm, has raised an undisclosed sum of equity financing from investment firms Solon Ventures and Notion Capital. The new funds will enable the company to achieve its growth plans. In conjunction with the funding, Richard Thompson from Solon will be joining the company as chairman, and Jos […]
The European Bank for Reconstruction and Development (EBRD) has agreed to invest up to $30m in a venture capital fund aimed to bridge the gap between Russia and Silicon Valley. Almaz Capital Russia Fund I, which first closed in July 2008 with Cisco Systems, will invest in companies in Russia and the Commonwealth of Independent […]
The European Investment Bank (EIB) will invest €5m in the first venture capital fund aimed to support the economic growth in the new Palestinian Territories. The new Middle East Venture Capital Fund, which will be managed by Saed Nashef and Yadin Kaufmann, will make equity investments in high-growth, export-oriented IT and communications early stage companies. […]
Livemocha, a Seattle, WA-based company which operates the popular language learning site, has raised $8m in a Series B financing round led by August Capital, with participation from existing investor Maveron. This new capital infusion will enable the company, which has over 4.8m registered members from over 200 countries, to further develop the platform and […]
Marine Current Turbines Ltd, a Bristol, UK-developer of a grid-connected system that extracts energy from tidal currents, has recived a £3.5m investment. The investment was made by an investor group led by Carbon Trust Investments Limited and including Bank Invest, EDF Energy, High Tide and a group of private investors. The new funds will help […]
Monstrous Company, an Austin, a Texas-based start up which is developing interactive digital media for platforms such as iPhone, iPod touch, and Wii, has raised $400,000 in seed financing from business angels. This capital infusion will enable the company to further develop its music game platform in order to compete in the mobile gaming space. […]
Amonix, Inc., a Torrance, CA-based manufacturer of patented photovoltaic power generation systems for utility scale applications, announced that it has completed the acquisition of Sunworks Solar LLC, a solar manufacturing plant developer. In conjunction with the transaction, whose financial terms were not disclosed, Sunworks co-founders Brian Robertson and Guy Blanchard become Chief Executive Officer and […]
Deep-Secure Limited, a Reading, UK-based internet security company, has completed a £3.5m MBI investment from funds managed by YFM Group, Chandos Fund, British Smaller Companies VCT and British Smaller Technology Companies VCT2. Deep-Secure provides products protecting against threats to security via high defence network border gateway technology. It enables customers to maintain network separation and […]
SolveDirect Service Management GmbH, a Vienna, Austria-based provider of an IT service management platform, has received an equity investment from 3TS Cisco Growth Fund. As a result of the transaction, BRAIN FORCE HOLDING AG will remain the majority shareholder of SolveDirect, which was spun off from BRAIN FORCE Software GmbH Austria at the beginning of […]
Subocean Group Limited, a UK-based subsea construction company, secured a £17m equity investment from Lloyds TSB Development Capital (LDC) and a £25m expansion and working capital facility from HSBC Bank. The company, which is one of the largest providers of services to the marine renewables sectors in Scotland and the UK with a turnover of […]
Loehmann’s, the New York based off-price apparel retail chain, announced that it will receive a $35m asset-based credit facility from GE Capital, Corporate Retail Finance. Commenting on the financing, Jerry Politzer, Chief Executive Officer of the company, said: “this credit facility ensures we will be able to continue to offer the fashion-forward designer clothes and […]