REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
MOG, the Web’s music blogging network, closed a $5m equity financing round lead by Menlo Ventures.Long-time investors Simon Equity Partners and Scott Jones have also invested in this round bringing the total amount MOG has raised in funding to date to $12.5m. MOG, founded in June 2005 and headquartered in Berkeley, CA receives over 8 […]
Balihoo, the Boise-based provider of local marketing automation technology and services to franchises and national brands with local marketing needs, secured a $7 million financing. The operation was led by OpenView Venture Partners, which joins existing Balihoo investors Highway 12 Ventures and Lacuna Gap Capital, who together supplied the company’s initial capital and also contributed […]
OneRiot, the realtime search engine, secured a $7m Series C financing led by Appian Ventures, Commonwealth Capital Ventures and Spark Capital. The company, headquartered in Boulder, Colo, with offices in San Francisco, will use proceeds to further enhance its core search product and to support its fast-growing partner network. Kimbal Musk, OneRiot’s CEO, was reported […]
Indian Prime Minister, Dr. Manmohan Singh, said the government needs to do more to realize the full development potential of Micro, Small and Medium Enterprises (MSMEs). Attending the National Awards to Micro, Small and Medium Enterprises in New Delhi, Mr Singh guaranteed the Government’s commitment to double the flow of credit to MSMEs in five […]
Preliminary figures for the second quarter of 2009, published by Office for National Statistics (ONS), show that business investment is 10.4% lower than the previous quarter and 18.4% lower than the same period in 2008. Commenting on data, David Kern, Chief Economist at the British Chambers of Commerce (BCC), was reported as saying: “The further […]
RightsFlow, a provider of mechanical licensing, accounting and royalty payment services for companies that sell or distribute music worldwide, completed a $1.5m Series A financing round with Originate Ventures of Bethlehem, Pennsylvania. Launched in 2007, the New York-based company helps online music services, record companies, distributors and artists properly license and remain compliant with a […]
A team of financiers is creating a new £125m fund, which will help business to start up and grow in the North East. The fund will be driven by the regional development agency One North East with the support of the European Investment Fund (EIF), which manages the Joint European Resources for Micro to Medium […]
According to a new report by the Federation of Small Businesses (FSB), UK Government must abolish the Pub Company tie in order to save British pubs. One in eight tied pubs said they are paying up to 50% or more for beer compared to untied pub owners who buy their products on the open market. […]
According to business leaders, cleantech and renewables are expected to become two of the most important sectors of the economy, a survey commissioned by the department for Business Innovation and Skills relveals. The survey, which questioned business leaders from across eight sectors, found that 43% of them believe that cleantech will grow at the fastest […]
Twelve cultural and community based organisations were awarded a share of £500,000 from the London Development Agency’s (LDA) 2012 London Cultural Skills Fund. the Fund, which is supported by the Mayor of London, enables a diverse range of art and skills organisations in the capital to put on courses in activities including theatre, dance and […]
The U.S. Small Business Administration launched its YouTube channel to reach a larger audience, especially among young people. The channel (www.youtube.com/sba) debuted with a 60-second introduction to SBA, its programs and services, and a 10-part “Delivering Success” series co-produced with the U.S. Postal Service. SBA Administrator Karen G. Mills explained the choice: “With millions of […]
An innovative project to help the UK North East’s businesses cope with the future effects of severe weather and climate change is launched this week. The Climate Change Adaptation Project, run by Prince of Wales’s charity, Business in the Community (BITC), and funded through regional development agency, ONE North East, has the target to encourage […]
The UK private equity group Terra Firma has agreed to invest $350m in Everpower, a New York based developer of wind farms that aims to supply electricity for 250,000 homes in five years. EverPower was established in 2002 to identify or acquire early stage development opportunities in the Northeastern, Pacific Northwest, and Mid Atlantic Regions […]
CardioMEMS, a medical technology company based in Atlanta that has developed and is commercializing proprietary wireless sensing and communication technology for the human body, completed a $22.1m financing. The financing provides the company with additional capital to fund its CHAMPION clinical trial, which is evaluating the safety and effectiveness of CardioMEMS’ heart failure (HF) pressure […]
Nearly three quarters of UK businesses have a positive and confident attitude towards the economy, a recent Barclays Commercial Bank poll found. The Connecting Business survey, carried out at Barclays Commercial events held at different places across the UK, found that 57% of respondents characterised their outlook towards the economy as “hopeful” (with a further […]