REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Fundo de Investimento Privado Angola (FIPA), a private equity fund targeting small and medium sized enterprises across the country, has completed its $28m first closing. Investors in the fund, which is managed by Angola Capital Partners LLC with its team on the ground in Luanda, include the European Investment Bank (EIB), Danish International Investment Funds […]
Daintree Networks, Inc., a Mountain View, CA-based provider of energy-saving wireless control solutions for commercial buildings, completed an $8m round of funding. The round was led by Lend Lease‘s venture capital business, a dedicated cleantech investor. The investment will be used to fund the company’s worldwide expansion as well as ongoing technology and product development. […]
Hostway Corporation, a global provider of web hosting and cloud hosting services, closed a $110m debt and equity financing with a consortium of investors. The transaction was led by Veronis Suhler Stevenson, with participation from Fortress Capital, Regiment Capital and Phoenix Life. Hostway’s service offerings range from small business web hosting solutions to managed dedicated […]
Smish, an Aliso Viejo, CA-based platform for apps on the PC and netbooks, has received a $2.0m investment from an undisclosed “private investor”. The capital infusion will enable the company to launch Smish Beta. It will also allow Smish to begin designing and building apps for the desktop, as well as provide a software development […]
Quora, a Palo Alto, CA-based startup building a collection of questions and answers, created, edited, and organized by everyone who uses it, has completed a Series A round of financing led by Benchmark Capital. In conjunction with the funding, Matt Cohler, general partner at Benchmark, will join the company’s board. Founded in April 2009 by […]
Borro.com, an Oxford, UK-based on-line pawnbroker, has secured £10m in funding. Participants in the investment include Eden Ventures, European Founders, Kreos Capital and Rockridge. The capital infusion will enable the company to will roll out the service, which was launched in August 2008 to provide short term loans against jewellery, watches, art and antiques. In […]
Kineta, Inc., a Seattle, WA-based, biotechnology company specializing in clinical advancement of drugs that modulate and enhance the human immune system, received a $600,000 Phase 1 Small Business Innovation Research (SBIR) grant from the National Institute of Allergy and Infectious Diseases (NIAID) of the National Institutes of Health (NIH). Awarded under the NIAID’s expanded Phase […]
CardStar, Inc., a Canton, Conn.-based software company focused on developing mobile applications that perpetuate the use of loyalty cards and mobile coupons, has completed a $1m Series A financing led by Amplifier Ventures, an early-stage venture capital fund which also provided the initial seed capital in 2009. The round also included Acta Wireless and LaunchCapital. […]
The European Investment Bank (EIB) is lending €100m to Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse A.G. (BAWAG P.S.K.) to finance small and medium-sized projects across Austria. Using up to half of EIB funds, BAWAG P.S.K. will support projects implemented by SMEs (with fewer than 250 employees) and mid-cap companies (max 3.000 employees), especially […]
Thermalin Diabetes Incorporated, a Cleveland-OH-based new biopharmaceutical company which is developing new insulin treatments for patients with diabetes, has received an investment commitment of $250,000 from JumpStart Ventures. Built on technology developed by Dr. Michael A. Weiss at Case Western Reserve Medical School, the company’s patent pending compounds include rapid-, intermediate- and long-acting analogs. With […]
Leap Medical Inc., a Montreal, Canada-based which is currently developing a technology aimed at non-invasively detecting brain injuries and infections, has secured CDN $1.025m in seed financing. The round was co-led by MSBi Valorisation and investors BDC Venture Capital and GO Capital Fund, and supported by a grant from the Quebec Ministry of Economic Development, […]
The European Investment Fund (EIF) signed two agreements to enable SEB banka and Swedbank to provide loans worth €104m to small and medium sized enterprises (SMEs) in Latvia within the framework of the newly created Funded Risk Sharing product under the JEREMIE Holding Fund (JHF) initiative. The Funded Risk Sharing instrument is properly structured to […]
The European Fund for Southeast Europe (EFSE), a microfinance investment fund, agreed a €25m senior loan to Banca Intesa a.d. Belgrade, Serbia. The loan will be used to further on-lending to micro and small enterprises (MSEs) across the country, especially supporting the bank’s growth strategy, which aims to expand the penetration of loans to small […]
August Equity LLP has made a commitment of £23m to fund the merger of Active Assistance and First Call Care Services Limited, an existing portfolio company, and subsequent acquisitions. Sevenoaks, Kent-based Active provides a national live-in care service for adults and children with spinal cord injuries and neurological conditions. Many of its clients are tetraplegics, […]
bmp AG (ISIN DE0003304200), which has won a public Europe-wide tender, will manage a €20m early-stage fund in Brandenburg (Germany) commissioned by the Ministry of Economics to InvestitionsBank des Landes Brandenburg (ILB). In order to set up the fund, ILB established BFB Frühphasensfonds Brandenburg GmbH (Frühphasensfonds) as a wholly-owned subsidiary. 75% of the resources will […]