REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Dynamics Inc., a producer of intelligent powered cards such as advanced payment cards, closed an initial, oversubscribed $5.7m Series A round of financing led by the venture capital firm Adams Capital Management. Joel Adams, founder and general partner of Adams Capital Management, will join the Dynamics’ board of directors. Commenting on the funding, Jeff Mullen, […]
Certify, LLC, an employee expense management software provider, closed a $1.9m financing for its future growth. According to an official statement, investors include: – FluffCo, controlled by payments entrepreneur, Irving Levin; – Joe Proto, CEO of Transactis; – Thomas Lehrman, CEO of Boliven and co-founder of Gerson Lehrman Group; – John Bailey, CEO of Manheim […]
Barclays, with backing from the ACCA and Business Link, the UK free business advice and support service, is offering 26 free business seminars around the country. The “Let’s Talk Preparing for Growth” is a series of 9 new seminars from Barclays focusing on business growth. In addition, Barclays is offering 17 “Let’s Talk Bright Marketing […]
TheFunded.com and Vator.tv are organising the Juice Pitcher, a startup pitch and networking event taking place on Tuesday, October 6th at the Microsoft campus in Mountain View, CA. During the event, 10 of early-stage companies, as selected on the open Vator.tv Juice Pitcher Contest (http://vator.tv/competition/show/vatortv-and-thefundedcoms-juice-pitcher), will present their businesses to an audience of over 300 […]
RT Outsourcing Services Ltd., an Indian Sonoma Management Partners portfolio company, raised Rs.650m (approximately $13.5m) from US-based global venture capital firm New Enterprise Associates, Inc. (NEA). The company provides after-sales services, reverse logistics, and call centre operations in India. The proceeds will be used to expand its presence in the automation business, high-end networking and […]
The Northwest Regional Development Agency (NWDA) offered Burscough-based TRM Packaging Ltd (TRM) secured £1.2m a Grants for Business Investment (GBI) programme. The company, which produces and prints corrugated packaging, predominantly for food manufacturers who supply supermarkets, will invest £12m in plant and machinery to increase capacity and capability without significantly increasing costs or overheads. According […]
The European Investment Bank (EIB) and BGL BNP Paribas, one of the largest banks in the Grand Duchy of Luxembourg, have concluded a partnership agreement whereby the latter will distribute a €50m EIB loan for SMEs. Under the agreement, BGL BNP Paribas will lend the EIB funds to small and medium-sized businesses (SMEs) to support […]
SVB Financial Group (SVB), the parent company of Silicon Valley Bank and financial partner to technology companies and venture capitalists worldwide, hired Phil Cox to run its operations across the UK, Europe and Israel. In order to partner with local, fast growth companies in need of debt, commercial banking and other financial services, SVB opened […]
Solel Solar Systems, Ltd. received a €1.8m ($2.6m) grant from the Ministry of Innovation, Science and Enterprise of the Andalusian Region of Spain in order to develop a facility, which will produce solar field components. The facility, in La Carolina, will be Solel‘s first manufacturing plant in Spain, and will include lines for the production […]
Humedica, a Boston, Ma.-based healthcare informatics company, completed its $30m venture capital funding in a round led by Bain Capital Ventures, General Catalyst Partners, North Bridge Venture Partners, and Leerink Swann. Humedica provides novel business intelligence solutions to the health care industry (health care providers, life sciences manufacturers, government agencies and financial services firms) connecting […]
Omidyar Network, a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives, announced a three-year, $30m commitment to support global entrepreneurship, especially in India and Sub-Saharan Africa. These two countries were selected due to the large numbers of people living in poverty and the potential […]
Lancaster, Ca.-based Writers’ Group Film Corp. announced that it has executed an agreement for equity financing of up to $10m from Boston-based Auctus Private Equity Fund, LLC. The company will use the funds to fulfill the financial requirements for its film, television and internet entertainment projects. Commenting on the funding, Tal L. Kapelner, Writers’ Group’s […]
JumpStart Inc., a Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced an investment commitment of $200,000 in iGuiders, Inc. iGuiders, a Cleveland-based information technology company that is developing a guided decision technology for the Internet that simplifies complicated searches through the use of question and answer logic, has […]
Burlington, Ma.-based Mzinga, a provider of social software, services, and analytics that improve business performance, completed a $10m round of financing led by new investor Acadia Woods Partners, LLC. Other new investor BlueCrest Venture Finance Master Fund were joined by existing investors W Capital Partners and Shared Capital Partners. The company will use the funds […]
Aegera Therapeutics, Inc., a Montreal-based clinical stage biotechnology company focused on developing targeted therapeutics for oncology and pain, announced today the full drawdown of a CDN$7m debt facility provided by Investissement Quebec. The facility was provided to fund the attainment of significant developments in Aegera‘s AEG35156 oncology program and AEG33773 diabetic neuropathic pain program, both […]